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Individual differences in time perspectives and risky financial choices

dc.abstract.enPreferences for risks have been a subject of interest to both economists and psychologists. This has given rise to many findings about the role of psychological factors in influencing risky choices. The presented studies focused on the role of Time Perspectives (TPs) in explaining people's risky financial choices. The main goal was to examine the relationship between people's TPs (chronic and induced) and their propensity to invest and undertake investment risks. Three studies on Polish national representative samples (N1 = 1093; N2 = 1081, N3 = 1563) and one on a sample of Polish adults (N4 = 246) were conducted. The results showed that chronic Future and Present Hedonistic TPs are the most important in the context of risky financial choices. Higher Future TP is related to a propensity to invest and make safe investment choices. Higher Present Hedonistic TP is related to a low propensity to invest and risky investment. Moreover, induced Future and Present Hedonistic TPs lead to similar patterns of results to those obtained in studies on chronic TPs.
dc.affiliationUniwersytet Warszawski
dc.contributor.authorRudzińska-Wojciechowska, Joanna
dc.contributor.authorSekścińska, Katarzyna
dc.contributor.authorMaison, Dominika
dc.date.accessioned2024-01-25T04:13:05Z
dc.date.available2024-01-25T04:13:05Z
dc.date.issued2018
dc.description.financeNie dotyczy
dc.description.volume120
dc.identifier.doi10.1016/J.PAID.2017.08.038
dc.identifier.issn0191-8869
dc.identifier.urihttps://repozytorium.uw.edu.pl//handle/item/109192
dc.identifier.weblinkhttps://www.sciencedirect.com/science/article/abs/pii/S0191886917305408
dc.languageeng
dc.pbn.affiliationpsychology
dc.relation.ispartofPersonality and Individual Differences
dc.relation.pages118-126
dc.rightsClosedAccess
dc.sciencecloudnosend
dc.subject.enrisk
dc.subject.enChronic time perspectives
dc.subject.enInduced time perspectives
dc.subject.enInvesting
dc.titleIndividual differences in time perspectives and risky financial choices
dc.typeJournalArticle
dspace.entity.typePublication