Does Power Reduce Temporal Discounting? Commentary on Joshi and Fast (2013)
Open accessAbstract
Devaluing future outcomes, known as temporal discounting (Frederick, Loewenstein, & O'Donoghue, 2002), hinders one's ability to act in line with long-term over short-term interests.It is associated with maladaptive behaviors such as smoking (Kirby, Petry, & Bickel, 1999), drug use (Harrison, Lau, & Rutström, 2010), and not saving for retirement (Gubler & Pierce, 2014).Because temporal discounting may impact a variety of behaviors ranging from exercising to energy consumption (Urminsky & Zauberman, 2015), understanding the factors that influence temporal discounting is critical for researchers in psychology, economics, business, and public policy.Joshi and Fast (2013) provided evidence that increased social power (control over valued resources; Magee & Galinsky, 2008) reduces temporal discounting.This finding has important applied, theoretical, and empirical implications.First, it implies the potential to mitigate temporal discounting with power.Psychological and health science researchers have thus recently advocated for empowerment as an intervention to improve balancing of long-term and short-term interests in decision-making (Gubler & Pierce, 2014;Patton et al., 2016; Urminsky & Zauberman, 2015).Second, it informs the theoretical debate on how power affects self-control.Temporal discounting may be thought of as a self-control conflict between having a smaller reward sooner versus a larger reward later (Frederick, Loewenstein, & O'Donoghue, 2002;Mischel, Rodriguez, and Shoda, 1989).The approach-inhibition theory of power (Keltner, Gruenfeld, & Anderson, 2003) posits that high power activates the behavioral approach system, which increases impulsivity and sensitivity to rewards.Therefore, high-power individuals should be more likely to prefer earlier to delayed rewards, and thus show more temporal discounting, than low-power individuals.In contrast, the social distance theory of power (Magee & Smith, 2013) predicts the
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Zhang and Smith (2018) did not find an effect of power on DD in two preregistered, close-replication studies of Joshi and Fast's 2013 study.
“Zhang and Smith (2018) did not find an effect of power on DD in two preregistered, close-replication studies of Joshi and Fast’s study in 2013”
From Behavioral trainings and manipulations to reduce delay discounting: A systematic review (2019) · cites this paper as Zhang and Smith (2018)
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- Authors
- Zhang, M., & Smith, P. K.
- Affiliations
- University of California San Diego (US)
- Corresponding author
- Zhang, Min
- Venue
- Psychological Science
- Publisher
- SAGE Publications
- Published
- 2018-04-25
- Volume
- 29
- Issue
- 6
- Pages
- 1010-1019
- ISSN
- 0956-7976 (ISSN-L)
- 1467-9280
- OpenAlex
- W2799580391
- Cited by
- 13
- References
- 48
- Citations by year
- 2025: 2 · 2024: 1 · 2023: 1 · 2022: 1 · 2021: 1 · 2020: 1 · 2019: 5 · 2018: 1
- FWCI
- 1.67
- Type
- journal article
- Language
- en
- Open access
- green
- escholarship.org
- Locations
- Psychological Science (publishedVersion)
- PubMed (publishedVersion)
- eScholarship (California Digital Library) (submittedVersion)
- Topics
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Social Sciences › Sociology and Political Science › Social Power and Status Dynamics
- Social Sciences › Psychology › Applied Psychology › Behavioral Health and Interventions
- Keywords
- delay discounting, social power, self-control, delayed rewards, empowerment interventions, impulsivity
- MeSH terms
- Reward, Delay Discounting
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