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《Studies of Psychology and Behavior》 2017-02
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Experiment on Factors Influencing the Inter-temporal Decision Making

Zhuang Jinying;Ying Juanjuan;Yang Wenyuan;School of Psychology and Cognitive Science, East China Normal University;  
There are three main aspects of asymmetry among the intertemporal choice, including time discount, sign ef-fect, and temporal value asymmetry. These aspects, furthermore, refer to the three dimensions: temporal orienta-tion, temporal distance and framing effect. In this study, we conducted an experiment to test the interaction of the three dimensions above by employing two kinds of scenario(gain vs. loss) to asked the participants to judge each scenario according to the different temporal distance( 1 month vs. 12 months) and orientations( future vs.past), then calculated the discounting rate of individual participant based on the Hyperbolic Discounting Model.The results showed that the temporal distance has an influence on the " future" events instead of the " past",and the discounting rate of the " future" was significantly greater than that of the " past" in terms of the same temporal distance. On the other hand, the discounting rate of the " loss" was significantly greater than that of"gain". Therefore, it proves the reverse sign effect.
【CateGory Index】: B842
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