Reposted by Roland Benoit
Happy to see our study "It's about time: Specific and unspecific effects of episodic future thinking on farsighted decisions" out in Cognition: www.sciencedirect.com/science/arti... (Open access). With @rolandbenoit.bsky.social at @mpicbs.bsky.social. Original thread here: bsky.app/profile/heid...
sciencedirect.com
It's about time: Specific and unspecific effects of episodic future thinking on farsighted decisions
Humans tend to discount the value of delayed rewards. As a consequence, they forego larger long-term benefits (e.g., €29 in 91 days) in favor of small…