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Financial scarcity increases discounting of gains and losses: Experimental evidence from a household task
16 references·16 citing·46 second hopsampled
Financial scarcity increases discounting of gains and losses: Experimental evidence from a household task (2022)Financial scarcity increases discounting …Global Evidence on Economic Preferences* (2018)Global Evidence on Economic P…Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday (2016)Poverty and Economic Decision…On the psychology of poverty (2014)On the psychology of povertyPoverty Impedes Cognitive Function (2013)Poverty Impedes Cognitive Fun…Some Consequences of Having Too Little (2012)Some Consequences of Having T…Reference Points and Effort Provision (2011)Reference Points and Effort P…Increasing Saving Behavior Through Age-Progressed Renderings of the Future Self (2011)Increasing Saving Behavior Th…G*Power 3: A flexible statistical power analysis program for the social, behavioral, and biomedical sciences (2007)G*Power 3: A flexible statist…Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption (2004)Understanding Trend and Cycle…The broaden–and–build theory of positive emotions (2004)The broaden–and–build theory …WITHIN‐SUBJECT COMPARISON OF REAL AND HYPOTHETICAL MONEY REWARDS IN DELAY DISCOUNTING (2002)WITHIN‐SUBJECT COMPARISON OF …Time Discounting and Time Preference: A Critical Review (2002)Time Discounting and Time Pre…Loss Aversion in Riskless Choice: A Reference-Dependent Model (1991)Loss Aversion in Riskless Cho…Mental Accounting and Consumer Choice (1985)Mental Accounting and Consume…Some empirical evidence on dynamic inconsistency (1981)Some empirical evidence on dy…Processes in Delay of Gratification (1974)Processes in Delay of Gratifi…An AI-powered research assistant in the lab: A practical guide for text analysis through iterative collaboration with LLMs (2026)An AI-powered research assist…The Effect of Financial Scarcity on Decision Making Among Low-Paid Urban Employees in Urban Ghana: Random Assignment Before and after the Payday (2025)The Effect of Financial Scarc…Scarcity mindset as a predictor of cryptocurrency investments (2025)Scarcity mindset as a predict…Present-Focused Behavior as a Rational Adaptation to Precarity (2025)Present-Focused Behavior as a…Age, income, and the discounting of delayed monetary losses (2025)Age, income, and the discount…Financial scarcity and financial avoidance: an eye-tracking and behavioral experiment (2024)Financial scarcity and financ…Financial scarcity and cognitive performance: A meta-analysis (2024)Financial scarcity and cognit…Economic predictors of the subjective experience of financial stress (2024)Economic predictors of the su…The persistence of cognitive biases in financial decisions across economic groups (2023)The persistence of cognitive …The impact of financial scarcity on green consumption: Sequential mediating effects of anxiety and self‐efficacy (2023)The impact of financial scarc…Hyperbolic modeling and assessment of hypothetical health behaviors during a viral outbreak using crowdsourced samples (2023)Hyperbolic modeling and asses…Direct and indirect effects of self-control and future time perspective on financial well-being (2023)Direct and indirect effects o…The Psychological Inventory of Financial Scarcity (PIFS): A psychometric evaluation (2022)The Psychological Inventory o…Scarcity Enhances Outcome Evaluation in the Present: Electroencephalography Evidence (2022)Scarcity Enhances Outcome Eva…Poor but not by choice(s): The persistence of cognitive biases across economic groups (2022)Poor but not by choice(s): Th…In which environments is impulsive behavior adaptive? A cross-discipline review and integration of formal models. (2022)In which environments is impu…The magical number seven, plus or minus two: Some limits on our capacity for processing information. (1956)The magical number seven, plus or minus two: Some limits on our capacity for processing information. (1994)Nudge: improving decisions about health, wealth, and happiness (2008)Multicultural and Social Justice Counseling Competencies: Guidelines for the Counseling Profession (2016)The persistent sampling bias in developmental psychology: A call to action (2017)Emotion And Adaptation (1991)Positive psychology: An introduction. (2000)The role of positive emotions in positive psychology: The broaden-and-build theory of positive emotions. (2001)Teachers resilience: A necessary condition for effectiveness (2006)Well-Being for Public Policy (2009)Positive Emotions Broaden and Build (2013)Prospect Theory: An Analysis of Decision under Risk (1979)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)Investor Psychology and Asset Pricing (2001)Temporal construal. 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(2017)Evaluating the replicability of social science experiments in Nature and Science between 2010 and 2015 (2018)Society and the Adolescent Self-Image (1965)The CES-D Scale (1977)A Global Measure of Perceived Stress (1983)Why Don't the Poor Save More? Evidence from Health Savings Experiments (2013)The Short-term Impact of Unconditional Cash Transfers to the Poor: Experimental Evidence from Kenya* (2016)Golden Eggs and Hyperbolic Discounting (1997)Field Experiments (2004)Psychology and Economics: Evidence from the Field (2009)Culture's Consequences: Comparing Values, Behaviors, Institutions, and Organizations across Nations (2002)Cognitive Reflection and Decision Making (2005)Gender Differences in Preferences (2009)Relationship of gender differences in preferences to economic development and gender equality (2018)The Church, intensive kinship, and global psychological variation (2019)Get Real! 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References

  • 2007G*Power 3: A flexible statistical power analysis program for the social, behavioral, and biomedical sciences65,813 cited
  • 1991Loss Aversion in Riskless Choice: A Reference-Dependent Model6,428 cited
  • 2002Time Discounting and Time Preference: A Critical Review6,395 cited
  • 1985Mental Accounting and Consumer Choice4,875 cited
  • 2004The broaden–and–build theory of positive emotions4,212 cited
  • 2013Poverty Impedes Cognitive Function2,958 cited
  • 1981Some empirical evidence on dynamic inconsistency2,253 cited
  • 2018Global Evidence on Economic Preferences*1,721 cited
  • 2014On the psychology of poverty1,634 cited
  • 2012Some Consequences of Having Too Little1,562 cited
  • 2002WITHIN‐SUBJECT COMPARISON OF REAL AND HYPOTHETICAL MONEY REWARDS IN DELAY DISCOUNTING988 cited
  • 2011Reference Points and Effort Provision848 cited
  • 1974Processes in Delay of Gratification792 cited
  • 2011Increasing Saving Behavior Through Age-Progressed Renderings of the Future Self689 cited
  • 2004Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption569 cited
  • 2016

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Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday
503 cited

Cited by

  • 2022The Psychological Inventory of Financial Scarcity (PIFS): A psychometric evaluation69 cited
  • 2023The impact of financial scarcity on green consumption: Sequential mediating effects of anxiety and self‐efficacy37 cited
  • 2024Economic predictors of the subjective experience of financial stress36 cited
  • 2022In which environments is impulsive behavior adaptive? A cross-discipline review and integration of formal models.32 cited
  • 2023Direct and indirect effects of self-control and future time perspective on financial well-being28 cited
  • 2024Financial scarcity and cognitive performance: A meta-analysis24 cited
  • 2023The persistence of cognitive biases in financial decisions across economic groups23 cited
  • 2023Hyperbolic modeling and assessment of hypothetical health behaviors during a viral outbreak using crowdsourced samples6 cited
  • 2026An AI-powered research assistant in the lab: A practical guide for text analysis through iterative collaboration with LLMs3 cited
  • 2025Scarcity mindset as a predictor of cryptocurrency investments2 cited
  • 2024Financial scarcity and financial avoidance: an eye-tracking and behavioral experiment2 cited
  • 2025Present-Focused Behavior as a Rational Adaptation to Precarity2 cited
  • 2025Age, income, and the discounting of delayed monetary losses1 cited
  • 2025The Effect of Financial Scarcity on Decision Making Among Low-Paid Urban Employees in Urban Ghana: Random Assignment Before and after the Payday1 cited
  • 2022Poor but not by choice(s): The persistence of cognitive biases across economic groups0 cited
  • 2022Scarcity Enhances Outcome Evaluation in the Present: Electroencephalography Evidence0 cited