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Discounting from a distance: The effect of pronoun drop on intertemporal decisions

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  • Chen, Josie I.
  • He, Tai-Sen

Abstract

Intertemporal decisions—trade-offs between immediate and delayed rewards—are ubiquitous in daily life, and the ability to resist the emotional temptation to choose immediate gratification predicts long-term economic outcomes. Based on existing research on self-distancing—a psychological technique that cues people to assess their experiences from afar and has been shown to facilitate emotion regulation—we propose a novel, unobtrusive linguistic self-distancing strategy through a subtle pronoun drop and examine its impact on intertemporal decisions. In a delay-discounting task, participants made a series of intertemporal choices between smaller-sooner and larger-delayed rewards. We conveyed the monetary rewards using the first-person pronoun “I” in the self-immersed “I” condition, whereas the pronoun was dropped in the self-distanced “No Pronoun” condition. The results show that the subtle pronoun drop in the description of the monetary rewards reduced participants’ tendency to discount future rewards, leading to more patient choices. Alternative explanations, implications, and future directions are also discussed.

Suggested Citation

  • Chen, Josie I. & He, Tai-Sen, 2021. "Discounting from a distance: The effect of pronoun drop on intertemporal decisions," Journal of Economic Psychology, Elsevier, vol. 87(C).
  • Handle: RePEc:eee:joepsy:v:87:y:2021:i:c:s0167487021000854
    DOI: 10.1016/j.joep.2021.102454
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    References listed on IDEAS

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    4. Sutter, Matthias & Yilmaz, Levent & Oberauer, Manuela, 2015. "Delay of gratification and the role of defaults—An experiment with kindergarten children," Economics Letters, Elsevier, vol. 137(C), pages 21-24.
    5. He, Tai-Sen, 2017. "“I” make you risk-averse: The effect of first-person pronoun use in a lottery choice experiment," Economics Letters, Elsevier, vol. 153(C), pages 39-42.
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    Cited by:

    1. Clist, Paul & Hong, Ying-yi, 2023. "Do international students learn foreign preferences? The interplay of language, identity and assimilation," Journal of Economic Psychology, Elsevier, vol. 98(C).

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    More about this item

    Keywords

    Intertemporal decision; Self-distancing; Personal pronoun; Pronoun drop; Laboratory experiment;
    All these keywords.

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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