Delay discounting: Interactions between personality and cognitive ability |
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| Authors: | Jacob B Hirsh Dominique Morisano Jordan B Peterson |
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| Institution: | 1. Department of Psychology, University of Toronto, 100 St. George Street, Toronto, Ont., Canada M5S 3G3;2. Department of Educational and Counselling Psychology, McGill University, 3700 McTavish Street, Montreal, Que., Canada H3A 1Y2 |
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| Abstract: | Delay discounting describes the extent to which the value of a reward decreases as the delay to obtaining that reward increases. Lower discounting rates predict better outcomes in social, academic, and health domains. The current study investigates how personality and cognitive ability interact to predict individual differences in delay discounting. Extraversion was found to predict higher discounting rates at the low end of the cognitive distribution, while emotional stability was found to predict lower discounting rates at the high end of the cognitive distribution. These findings support recent models of discounting behavior and suggest that personality and cognitive ability interact in shaping decision making. |
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| Keywords: | Personality Delay discounting Big Five Decision making Delay of gratification |
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