@article{Vargová_Adamkovič_2022, title={In Search of Determinants of Time-Discounting in Monetary Choices: Personal Characteristics Matter Only a Little}, volume={64}, url={https://journals.savba.sk/index.php/studiapsychologica/article/view/544}, DOI={10.31577/sp.2022.03.856}, abstractNote={<p>Time-discounting in monetary choices is determined by aspects related to the reward, contextual factors and characteristics of a person. In the present study, we used three datasets (N<sub>data1</sub> = 419; N<sub>data2</sub> = 485; N<sub>data3</sub> = 240) to examine how well personal characteristics (sociodemographic, financial situation, self-control, cognitive abilities, negative experiencing, and trustfulness) predict time-discounting in both hypothetical and real reward scenarios. The results of the regression analyses indicate that the characteristics of a person only explain a small proportion of the variance in time-discounting (<em>R<sup>2</sup></em> ranged from .10 to .19). The only substantive predictors of time-discounting in monetary choices were financial literacy and the general tendency to delay gratification. We conclude that there remains much work to be done in explaining what determines time-discounting. However, shifting the focus from personal characteristics to the characteristics of reward and contextual factors could be of interest.</p>}, number={3}, journal={Studia Psychologica}, author={Vargová, Lenka and Adamkovič, Matúš}, year={2022}, month={Sep.}, pages={313–328} }