The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment

Valeria Faralla; Alessandro Innocenti; Stefano Baraldi; Luca Lusuardi; Maurizio Masini; Vincenzo Santalucia; Diletta Scaruffi; Matteo Sirizzotti

doi:10.1145/3452853.3452893

The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment

Valeria Faralla
, Alessandro Innocenti
, Stefano Baraldi
, Luca Lusuardi
, Maurizio Masini
, Vincenzo Santalucia
, Diletta Scaruffi
, Matteo Sirizzotti

Department of Law, Political, Social and Economic Sciences

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Empirical evidence shows that individuals have present-biased preferences, namely they put more weight on the present than on the future and their preferences are dynamically inconsistent. The lack of connectedness to the future self was proposed by Parfit (1971) as a possible explanation of this behavior. In our experiment we study the effect of experiencing future self-continuity in a CAVE automatic virtual environment on delaying immediate gratification. Participants choose between sooner or later monetary options and we find that they decide to differ with higher probability after virtual reality exposure.

Original language	English
Title of host publication	ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics
Subtitle of host publication	Designing Virtual and Physical Interactive Systems
Publisher	Association for Computing Machinery
ISBN (Electronic)	9781450387576
DOIs	https://doi.org/10.1145/3452853.3452893
Publication status	Published - 26 Apr 2021
Event	32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems, ECCE 2021 - Virtual, Online, Italy Duration: 26 Apr 2021 → 29 Apr 2021

Publication series

Name	ACM International Conference Proceeding Series

Conference

Conference	32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems, ECCE 2021
Country/Territory	Italy
City	Virtual, Online
Period	26/04/21 → 29/04/21

Keywords

connectedness
intertemporal choice
present bias
virtual reality experiment

Access to Document

10.1145/3452853.3452893

Cite this

Faralla, V., Innocenti, A., Baraldi, S., Lusuardi, L., Masini, M., Santalucia, V., Scaruffi, D., & Sirizzotti, M. (2021). The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment. In ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems Article 3452893 (ACM International Conference Proceeding Series). Association for Computing Machinery. https://doi.org/10.1145/3452853.3452893

Faralla, Valeria ; Innocenti, Alessandro ; Baraldi, Stefano et al. / The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment. ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems. Association for Computing Machinery, 2021. (ACM International Conference Proceeding Series).

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title = "The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment",

abstract = "Empirical evidence shows that individuals have present-biased preferences, namely they put more weight on the present than on the future and their preferences are dynamically inconsistent. The lack of connectedness to the future self was proposed by Parfit (1971) as a possible explanation of this behavior. In our experiment we study the effect of experiencing future self-continuity in a CAVE automatic virtual environment on delaying immediate gratification. Participants choose between sooner or later monetary options and we find that they decide to differ with higher probability after virtual reality exposure.",

keywords = "connectedness, intertemporal choice, present bias, virtual reality experiment",

author = "Valeria Faralla and Alessandro Innocenti and Stefano Baraldi and Luca Lusuardi and Maurizio Masini and Vincenzo Santalucia and Diletta Scaruffi and Matteo Sirizzotti",

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Faralla, V, Innocenti, A, Baraldi, S, Lusuardi, L, Masini, M, Santalucia, V, Scaruffi, D & Sirizzotti, M 2021, The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment. in ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems., 3452893, ACM International Conference Proceeding Series, Association for Computing Machinery, 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems, ECCE 2021, Virtual, Online, Italy, 26/04/21. https://doi.org/10.1145/3452853.3452893

The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment. / Faralla, Valeria; Innocenti, Alessandro; Baraldi, Stefano et al.
ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems. Association for Computing Machinery, 2021. 3452893 (ACM International Conference Proceeding Series).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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Faralla V, Innocenti A, Baraldi S, Lusuardi L, Masini M, Santalucia V et al. The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment. In ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems. Association for Computing Machinery. 2021. 3452893. (ACM International Conference Proceeding Series). doi: 10.1145/3452853.3452893

The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment

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