4.5 Article

Delay discounting, cognitive ability, and personality: What matters?

Journal

PSYCHONOMIC BULLETIN & REVIEW
Volume 28, Issue 2, Pages 686-694

Publisher

SPRINGER
DOI: 10.3758/s13423-020-01777-w

Keywords

Discounting; Cognitive ability; Personality; Human Connectome Project; Decision-making

Funding

  1. McDonnell Center for Systems Neuroscience at Washington University
  2. National Institute on Aging of the National Institutes of Health [R01AG058885]
  3. [1U54MH091657]

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The study found that steep delay discounting is only correlated with some of the cognitive tasks evaluated, with small correlations, and is not related to Neuroticism or Conscientiousness. This suggests that steep delay discounting is not just an indicator of poor cognitive functioning or impulsiveness, but an important individual difference characteristic in itself.
Steep delay discounting is associated with problems such as addiction, obesity, and risky sexual behavior that are frequently described as reflecting impulsiveness and lack of self-control, but it may simply indicate poor cognitive functioning. The present investigation took advantage of the unique opportunity provided by the Human Connectome Project (N=1,206) to examine the relation between delay discounting and 11 cognitive tasks as well as the Big Five fundamental personality traits. With income level and education statistically controlled, discounting was correlated with only four of the 11 cognitive abilities evaluated, although the rs were all small (<.20). Importantly, the two discounting measures loaded on their own factor. Discounting was not correlated with Neuroticism or Conscientiousness, traits related to psychometric impulsiveness and self-control. These findings suggest that steep delay discounting is not simply an indicator of poor cognitive functioning or psychometric impulsiveness but an important individual difference characteristic in its own right.

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