I did a little extra. I’m spoiling you.
“Psychological and Biological Foundations of Time Preference: Evidence from a Day Reconstruction Study with Biological Tracking”
“The paper finds that financial discounting is related to a range of psychological variables including consideration of future consequences, self-control, conscientiousness, extraversion, and experiential avoidance as well as being predicted by heart rate variability and blood pressure”
There’s a connection. Thought suppression is a variable.
“The correlations reveal that lower discounting in the financial discounting task is associated with high scores on conscientiousness, self-control, consideration of future consequences, cognitive/affective mindfulness, and low scores on experiential avoidance and extraversion.”
Connected to health status.
“This paper reports the results of an exploratory survey designed to measure differences in time preference across individuals and to test for relationships between time preference and schooling, health behaviors, and health status. …The implicit interest rate revealed in their replies is weakly correlated with years of schooling (negative), cigarette smoking (positive), and health status(negative). Family background, especially religion, appears to be an important determinant of time preference.”
Religion connected to time preference! Gasp!
Please do an atheism study, oh my.
The heavily hedonic aren’t actually happier than you either.
“Our result indicates that, compared to neutral affect, mild positive affect significantly reduces time preference over money. This result is robust to various specification checks, and alternative interpretations of the result are considered. Our result has implications for the effect of happiness on time preference and the role of emotions in economic decision making, in general.”
They’re getting their cake now so don’t give them yours later.
Suggesting the natural state is low TP, more prosocial. You’d expect this since we are here and our ancestors didn’t die in an orgy of chaos.
“In general civilization tends to be characterized by low time preference. Indeed, the ability to even consider future well-being may mark the transition to civilization”
This following has nothing to do with the post.
“Thus, there is ultimately a need for both collectivism and individualism within the LGBT movement”
You wouldn’t believe that line was true unless I linked to it.