Abstract
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.
Original language | English (US) |
---|---|
Pages (from-to) | 364-376 |
Number of pages | 13 |
Journal | Journal of Experimental Psychology: General |
Volume | 131 |
Issue number | 3 |
DOIs | |
State | Published - Sep 2002 |
ASJC Scopus subject areas
- General Psychology
- Experimental and Cognitive Psychology