Hostname: page-component-8448b6f56d-wq2xx Total loading time: 0 Render date: 2024-04-23T16:51:13.469Z Has data issue: false hasContentIssue false
  • English
  • Français

Intertemporal impulsivity can also arise from persistent failure of long-term plans

Published online by Cambridge University Press:  29 November 2017

Nisheeth Srivastava  and
Narayanan Srinivasan
Nisheeth Srivastava
Affiliation:
Department of Computer Science and Engineering, Indian Institute of Technology, Kanpur, Kanpur 208016, India. nsrivast@cse.iitk.ac.inhttp://www.cse.iitk.ac.in/users/nsrivast/
Narayanan Srinivasan
Affiliation:
Centre of Behavioural and Cognitive Sciences, University of Allahabad, Allahabad 211002, India. nsrini@cbcs.ac.inhttp://cbcs.ac.in/people/faculty/nsrinivasan/
Get access Rights & Permissions [Opens in a new window]

Abstract

We suggest that steep intertemporal discounting in individuals of low socioeconomic status (SES) may arise as a rational metacognitive adaptation to experiencing planning and control failures in long-term plans. Low SES individuals' plans fail more frequently because they operate close to budgetary boundaries, in turn because they consistently operate with limited budgets of money, status, trust, or other forms of social utility.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 40 , 2017 , e344
Copyright
Copyright © Cambridge University Press 2017 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Dynan, K. E., Skinner, J. & Zeldes, S. P. (2000) Do the rich save more? National Bureau of Economic Research Working Paper no. 7906.Google Scholar
Greve, F. (2009) America's poor are its most generous. Seattle Times, May 23. Available at: http://seattletimes.nwsource.com.Google Scholar
Kidd, C., Palmeri, H. & Aslin, R. N. (2013) Rational snacking: Young children's decision-making on the marshmallow task is moderated by beliefs about environmental reliability. Cognition 126(1):109–14.Google Scholar
Kumar, D. & Srinivasan, N. (2014) Naturalizing sense of agency with a hierarchical event-control approach. PLOS ONE 9(3):e92431.Google Scholar
Kumar, D. & Srinivasan, N. (2017) Multi-scale control influences sense of agency: Investigating intentional binding using event-control approach. Consciousness and Cognition 49:1–14.CrossRefGoogle ScholarPubMed
National Crime Records Bureau, Ministry of Home Affairs, New Delhi. (2012) Crime in India. Available at: https://web.archive.org/web/20140620023952/http://ncrb.nic.in/CD-CII2012/Statistics2012.pdf.Google Scholar
OECD (2017) Household savings (indicator). Available at: https://data.oecd.org/hha/household-savings.htm.Google Scholar
Piff, P. K., Kraus, M. W., Côté, S., Cheng, B. H. & Keltner, D. (2010) Having less, giving more: The influence of social class on prosocial behavior. Journal of Personality and Social Psychology 99(5):771–84.Google Scholar
Suryanarayana, M. H., Agrawal, A. & Prabhu, K. S. (2011) Inequality-adjusted human development index for India's states. United Nations Development Programme (UNDP) India. http://www.undp.org/content/dam/india/docs/inequality_adjusted_human_development_index_for_indias_state1.pdf Google Scholar
Tax Policy Center (2017, May 3) Household income quintiles. Available at: http://www.taxpolicycenter.org/statistics/household-income-quintiles.Google Scholar
United Nations Department of Economic and Social Affairs (2015) World Population Prospects 2017. United Nations Department of Economic and Social Affairs. Available at: https://esa.un.org/unpd/wpp/Download/Standard/Mortality/ Google Scholar
United Nations Office on Drugs and Crime (2013) Global study on homicide 2013: Trends, contexts, data. United Nations Office on Drugs and Crime.Google Scholar
Wilson, M. & Daly, M. (1997) Life expectancy, economic inequality, homicide, and reproductive timing in Chicago neighbourhoods. British Medical Journal 314(7089):1271–74.Google Scholar
World Bank. (n.d.) GDP per capita, PPP (current international $). Available at: http://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD.Google Scholar