TY - JOUR AU - Vargová, Lenka AU - Adamkovič, Matúš PY - 2022/09/26 Y2 - 2024/03/28 TI - In Search of Determinants of Time-Discounting in Monetary Choices: Personal Characteristics Matter Only a Little JF - Studia Psychologica JA - StudPsych VL - 64 IS - 3 SE - Articles DO - 10.31577/sp.2022.03.856 UR - https://journals.savba.sk/index.php/studiapsychologica/article/view/544 SP - 313-328 AB - <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> ER -