Temporal discounting is linked to economic stability and inequality

A study across 61 countries showed that, on a global scale, individuals are often inconsistent when choosing between immediate and future financial options. Although economic inequality is associated with this decision-making process, nearly everyone demonstrates these anomalies, and instability can lead to worse choices, even in wealthy individuals.

Automated summary

A study conducted across 61 countries found that individuals, regardless of their economic conditions, often exhibit inconsistent behavior when choosing between immediate and future financial options. This inconsistency can lead to worse choices, even among wealthy individuals.