Publikacja:

A Discrepancy Between “What Should You Choose?” and “What Do You Choose?” in Intertemporal and Risky Decision-Making

Data

2018
Artykuł
 
cris.legacyid4945
cris.virtual.journalance#PLACEHOLDER_PARENT_METADATA_VALUE#
cris.virtualsource.journalancedc92c553-0411-4522-97d5-b7ef33169392
dc.abstract.plPurpose: When facing important decisions, people often ask themselves “What should I choose?” This question may involve intertemporal and risky decisions. The aim of our study was to test a potential discrepancy between the normative and descriptive perspective, that is, between “What should you choose?” and “What do you choose?”. Methodology: In this study we assessed the rate of delay and probability discounting of 236 participants. The design was a 2 (“choose”/“should choose”) × 2 (small/large) × 5 (delays or probabilities) factorial design in delay and probability discounting. Findings: People are less impulsive when taking the normative perspective than when they take the descriptive one. This phenomenon occurs in relation to large payoffs. However taking the normative rather than descriptive perspective makes no difference in risky decisions. Research limitations: In further research it would be beneficial to study real outcomes as choice consequences and to control for variables that might moderate the impact of our manipulation, such as addictions. Implications: The manipulation with the perspective may be applied not only in financial decision making. Our results may find a practical implementation to help impulsive people make more sensible decisions. Originality: We demonstrated the internal conflict between the descriptive and normative mode in delay discounting decision making.
dc.contributor.affiliationSWPS University of Social Sciences and Humanities
dc.contributor.affiliationSWPS University of Social Sciences and Humanities
dc.contributor.affiliationWarsaw University of Life Sciences
dc.contributor.authorWojciech Białaszek
dc.contributor.authorFranciszek Ostaszewski
dc.contributor.authorPiotr Zielonka
dc.contributor.orcidhttps://orcid.org/0000-0002-4672-4376
dc.date.accessioned2025-07-25T16:01:18Z
dc.date.available2025-07-25T16:01:18Z
dc.date.issued2018
dc.date.published2018
dc.description.issue4
dc.description.physical2-10
dc.description.volume26
dc.identifier.doi10.7206/jmba.ce.2450-7814.239
dc.identifier.issn2658-0845
dc.identifier.urihttps://repozytorium.kozminski.edu.pl/handle/item/1610
dc.languageen
dc.relation.ispartofCentral European Management Journal
dc.relation.pages2-10
dc.rightsCC-BY-NC-ND-4.0
dc.subjectimpulsivity
dc.subjectdelay discounting
dc.subjectprobability discounting
dc.subjectperspective taking
dc.subjectrisk
dc.subjectintertemporal choice
dc.title

A Discrepancy Between “What Should You Choose?” and “What Do You Choose?” in Intertemporal and Risky Decision-Making

dc.typeArticle
dspace.entity.typePublication