TY - JOUR
T1 - Time-dependent gambling
T2 - Odds now, money later
AU - Sagristano, Michael D.
AU - Trope, Yaacov
AU - Liberman, Nira
PY - 2002/9
Y1 - 2002/9
N2 - Four experiments investigated temporal changes in the influence of probability and payoffs on gambling. Using urn draws, the authors found in Experiment 1 that temporal distance increased the influence of payoffs and decreased the influence of probability on preferences. The authors found in Experiment 2 that in choosing among the more distant gambles, participants offered more reasons dealing with payoffs and fewer reasons dealing with probability. In Experiments 3 and 4, the authors extended the scope of these findings using a card game and a raffle. The results were interpreted in terms of a temporal construal process that highlights the desirability of outcomes in the distant future and the feasibility of attaining the outcomes in the near future.
AB - Four experiments investigated temporal changes in the influence of probability and payoffs on gambling. Using urn draws, the authors found in Experiment 1 that temporal distance increased the influence of payoffs and decreased the influence of probability on preferences. The authors found in Experiment 2 that in choosing among the more distant gambles, participants offered more reasons dealing with payoffs and fewer reasons dealing with probability. In Experiments 3 and 4, the authors extended the scope of these findings using a card game and a raffle. The results were interpreted in terms of a temporal construal process that highlights the desirability of outcomes in the distant future and the feasibility of attaining the outcomes in the near future.
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U2 - 10.1037//0096-3445.131.3.364
DO - 10.1037//0096-3445.131.3.364
M3 - Article
C2 - 12214752
SN - 0096-3445
VL - 131
SP - 364
EP - 376
JO - Journal of Experimental Psychology: General
JF - Journal of Experimental Psychology: General
IS - 3
ER -