Risky financial choices in a gain and loss decision frame – the role of chronic and situationally induced time perspectives

Sekścińska, Katarzyna; Rudzińska-Wojciechowska, Joanna; Maison, Dominika

doi:10.1007/s12144-018-9989-1

Cited by 1 publication

(1 citation statement)

References 41 publications

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“…Decision-making and time perspective research have predominantly centered on two areas (Geisler & Allwood, 2017), studies of the propensity for risk-related decision (Jochemczyk et al, 2017;Sekścińska et al, 2021) and career decision-making (Jung et al, 2015). Nonetheless, some studies addressed the relationship between time perspective and a broader concept of decisionmaking.…”

Section: Time Perspective and Decision-makingmentioning

confidence: 99%

Time Perspective and Decision-Making: A Study on Decisional Patterns in Argentinian Adults

Fernández

Brenlla

2023

Av. Psicol. Latinoam.

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The first aim of this study was to adapt the MDMQ to Argentinian Spanish and to collect evidence of its validity and reliability; the second was to determine if time perspectives were adequate predictors of decisionmaking styles. A first sample of 536 participants served in the validation process; a second sample of 209 individuals who completed the mdmq and the Brief Zimbardo Time Perspective Inventory (ZTPI) was used to conduct descriptive-correlational and regression analyses. Confirmatory factor analysis corroborated a four-factor model with adequate internal consistency for each subscale. Regression analyses showed that future time perspective positively predicted the display of higher vigilant coping patterns —adaptive and rational decision-making style—. Meanwhile, less futuretime- oriented people were more likely to engage in defensive avoidance mechanisms to reach a decision. Past-negative and present-fatalistic time perspectives were positive predictors of non-vigilant decisionmaking style. It indicates that individuals with an aversive vision over their past experiences and present situation are more likely to engage in emotionally based and avoidant decision-making patterns. These findings support the reliability and construct-related validity of the MDMQ for assessing decision-making styles among Argentinian individuals and set a step for conducting more in-depth research in the field of decisionmaking and time perspective.

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Section: Time Perspective and Decision-makingmentioning

confidence: 99%