Please wait a minute...
Acta Psychologica Sinica
The Influence of Time Perception Difference on Intertemporal Choice
SUO Tao;ZHANG Feng;ZHAO Guoxiang;LI Hong
(1 Institute of Psychology & Behavior, College of Education and Science, Henan University, Kaifeng 475004, China) (2 College of Psychology, Liaoning Normal University, Dalian 116029, China)
Download: PDF(412 KB)   Review File (1 KB) 
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks    

Intertemporal choice refers to decisions involving tradeoffs among costs and benefits occurring at different points in time. Despite a large number of studies have shown that impulsive behavior is closely related to subjective experience of time, but the relationship between impulsive behavior and perception of time is still controversial in intertemporal choices. From the perspective of personality differences, using a simple intertemporal choice task, this study investigated the differences in behavioral responses between two groups who had different tendencies of time perception (those who tended to overestimate time or underestimate time) in intertemporal choice to explore the role of time perception on intertemporal choice. In the present study, 32 participants who overestimated time (18 males and 14 females, average age = 20.36±1.25 years) and 32 participants who underestimate time (15 male and 17 females, average age = 20.64±1.98 years) were selected by using a time-production task from 120 volunteers recruited from some universities in China. They were asked to engage in a simple intertemporal choice task, in which, they were forced to make choices between two amounts of money attained in different delay time, and moreover, the difficulty of the intertemporal choice task was also manipulated through different amounts of money in options. The participants in the experiment were all right-hand, had normal or corrected-to-normal vision and had no neurological or psychological disorders. Each participant signed a consent form prior to the experiments and was paid after the experiment, according to their performance. The study was approved by the local academic committee. The results indicated that, (1) regardless difficulty of choice task, compared to the group who tended to underestimate time, the group who tended to overestimate time prefered to smaller-immediate rewards. (2) there is no significant difference in reaction time of intertemporal choice between the group who tended to overestimate time and the group who tended to underestimate time; and the reaction time of the group who tended to overestimate time was not affected by difficulty of choice task, while the reaction time of the group who tended to overestimate time in easy choice task was significantly longer than that in difficult task. In conclusion, the present study suggested that time perception plays an important role in intertemporal decision-making. Individuals who tend to overestimation of time may lead to overestimation of the cost of revenue, which would result in his/her impulsive choices in intertemporal choices

Keywords intertemporal choice      time perception      tendency to overestimate time      tendency to underestimate time     
Corresponding Authors: ZHAO Guoxiang;LI Hong   
Issue Date: 25 February 2014
E-mail this article
E-mail Alert
Articles by authors
ZHAO Guoxiang
LI Hong
Cite this article:   
SUO Tao,ZHANG Feng,ZHAO Guoxiang, et al. The Influence of Time Perception Difference on Intertemporal Choice[J]. Acta Psychologica Sinica, 10.3724/SP.J.1041.2014.00165
URL:     OR
[1] LIU Yang; SUN Yan. Time unpacking effect and its impact on intertemporal decision making[J]. Acta Psychologica Sinica, 2016, 48(4): 362-370.
[2] JIANG Cheng-Ming; LIU Hong-Zhi; CAI Xiao-Hong; LI Shu. A process test of priority models of intertemporal choice[J]. Acta Psychologica Sinica, 2016, 48(1): 59-72.
[3] LIU Hong-Zhi; JIANG Cheng-Ming; RAO Li-Lin; LI Shu. Discounting or Priority: Which Rule Dominates the Intertemporal Choice Process?[J]. Acta Psychologica Sinica, 2015, 47(4): 522-532.
[4] LI Aimei; PENG Yuan; XIONG Guanxing. Are Pregnant Women More Foresighted? #br# The Effect of Pregnancy on Intertemporal Choice[J]. Acta Psychologica Sinica, 2015, 47(11): 1360-1370.
[5] CHEN Haixian;HE Guibing. The Effect of Psychological Distance on Intertemporal Choice and Risky Choice[J]. Acta Psychologica Sinica, 2014, 46(5): 677-690.
[6] MA Wen-Juan,SUO Tao,LI Ya-Dan,LUO Li-Zhu,FENG Ting-Yong,LI Hong. Dissecting the Win-Loss Framing Effect of Intertemporal Choice: Researches from Intertemporal Choice of Money-Gain & Loss[J]. Acta Psychologica Sinica, 2012, 44(8): 1038-1046.
[7] CHEN Hai-Xian, HE Gui-Bing. The Effect of Construal Level on Intertemporal Choice and Risky Choice[J]. , 2011, 43(04): 442-452.
[8] Chen Youguo,Zhang Zhijie,Guang Xiting,Guo Xiuyan,Yuan Hong,Zhang Tian. Attentional Modulation of Time Perception: An ERP Study[J]. , 2007, 39(06): 1002-1011.
Full text



Copyright © Acta Psychologica Sinica
Support by Beijing Magtech