Article
It’s about time: Specific and unspecific effects of episodic future thinking on farsighted decisions
2025-04-28
Abstract excerpt
<p>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 smaller short-term gains (e.g., €20 now). Episodic future thinking (EFT) attenuates such delay discounting. That is, people are more likely to choose a larger but delayed reward after imagining an episode at the future time point (e.g., a café visit in 91 days). We her...
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Identifiers and source
- Literature Corpus work
- 21b15928-7e21-518c-8a74-6db4eb8cf5f1
- DOI
- 10.31234/osf.io/af2v4_v1
