TY - GEN
T1 - The effect of future self-continuity on delaying immediate gratification. A virtual reality experiment
AU - Faralla, Valeria
AU - Innocenti, Alessandro
AU - Baraldi, Stefano
AU - Lusuardi, Luca
AU - Masini, Maurizio
AU - Santalucia, Vincenzo
AU - Scaruffi, Diletta
AU - Sirizzotti, Matteo
N1 - Publisher Copyright:
© 2021 ACM.
PY - 2021/4/26
Y1 - 2021/4/26
N2 - 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.
AB - 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.
KW - connectedness
KW - intertemporal choice
KW - present bias
KW - virtual reality experiment
UR - https://www.scopus.com/pages/publications/85104992686
U2 - 10.1145/3452853.3452893
DO - 10.1145/3452853.3452893
M3 - Conference contribution
AN - SCOPUS:85104992686
T3 - ACM International Conference Proceeding Series
BT - ECCE 2021 - Proceedings of the 32nd European Conference on Cognitive Ergonomics
PB - Association for Computing Machinery
T2 - 32nd European Conference on Cognitive Ergonomics: Designing Virtual and Physical Interactive Systems, ECCE 2021
Y2 - 26 April 2021 through 29 April 2021
ER -