17A Discounting Just as Much: Abundance Leads to Myopic Intertemporal Choices

• In Event: Working Paper Session & Reception
  In Working Paper Session: 17. Financial Decision Making

Short Abstract

Existing literature suggests scarcity impairs consumers’ cognitive and decision-making performance and abundance restores normal functioning. Present empirical work challenges this second assumption and shows abundance mindsets lead to unwarranted temporal discounting. The author argues this divergent finding can be explained by inadequate conceptualizations and operationalizations of abundance in the past.

Author

• Gergely Nyilasy, University of Melbourne, Australia