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Time preference
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=== Prosocial behavior === One major area of focus for time preference effects is that of prosocial behavior. This is as future allocation problems typically benefit others beyond oneself. One study found that individuals with “Future time preference” were more willing to forgo money for future others benefit.<ref>{{Cite journal |last1=Lu |first1=Teng |last2=Liang |first2=Dapeng |last3=Hong |first3=Mei |date=July 2023 |title=Time Matters: Time Perspectives Predict Intertemporal Prosocial Preferences |journal=Behavioral Sciences |language=en |volume=13 |issue=7 |pages=590 |doi=10.3390/bs13070590 |doi-access=free |pmid=37504037 |pmc=10376203 |issn=2076-328X}}</ref> Yet, the results are still not widely confirmed. Another study by Jones and Rachlin found that only social and probability discounting predicted public-good contributions.<ref>{{Cite journal |last1=Jones |first1=Bryan A. |last2=Rachlin |first2=Howard |date=January 2009 |title=Delay, Probability, and Social Discounting in a Public Goods Game |journal=Journal of the Experimental Analysis of Behavior |language=en |volume=91 |issue=1 |pages=61–73 |doi=10.1901/jeab.2009.91-61 |pmid=19230512 |pmc=2614818 |s2cid=43442857 |issn=0022-5002}}</ref> Social discounting measures the rate at which one will tradeoff money between them and another person receiving it. For example, say you were offered $50, but if you forego it, your friend gets $60. What about your friend being offered $100. The point at which you forego the money is the social discount rate. Generally, this type of discounting resembles a hyperbolic curve as well. Probability discounting takes the same form, but with risk. Say you were offered a certain $50 or a $100 with a 50% chance of winning it. How about a 60% chance? Probability discounting is likewise hyperbolic. Both of these indicate that allocation preferences over an intangible dimension can predict more representative choices, such as donations to public goods. However, the study did not find a significant effect of delay discounting (or time preference) on public-good contributions.
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