Background: Humans often show impatience when making intertemporal choice for monetary rewards, preferring small rewards delivered immediately to larger rewards delivered after a delay, which reflects a fundamental psychological principle: delay discounting. However, we propose that episodic prospection humans can vividly envisage exerts a strong and broad influence on individuals' delay discounting. Specifically, episodic prospection may affect individuals' intertemporal choice by the negative or positive emotion of prospection.
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Liu et al. (2013) studied this question.
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