Impact of perceived scarcity on intertemporal choice: the mediating role of sense of control
摘要
Individuals experiencing objective scarcity are considered shortsighted, impulsive, and biased in their intertemporal choices; whether the same is true for those experiencing perceived scarcity remains unclear. Thus, through a cross-sectional study and three laboratory studies, this study explores the impact of perceived scarcity on intertemporal choice and its psychological mechanisms. The results indicate that perceived scarcity causes individuals to prefer instant gratification and increases their time discount rate in intertemporal choice. Moreover, sense of control mediates the relationship between perceived scarcity and intertemporal choice preference. Specifically, perceived scarcity leads to a decreased sense of control, which cultivates a preference for immediate smaller gains, and increases the time discount rate in intertemporal choice tasks. Therefore, improving individuals’ sense of control may ameliorate these detrimental effects.