Abstract
Preferences for risks have been a subject of interest to both economists and psychologists. This has given rise to many findings about the role of psychological factors in influencing risky choices. The presented studies focused on the role of Time Perspectives (TPs) in explaining people's risky financial choices. The main goal was to examine the relationship between people's TPs (chronic and induced) and their propensity to invest and undertake investment risks. Three studies on Polish national representative samples (N1=1093; N2=1081, N3=1563) and one on a sample of Polish adults (N4=246) were conducted. The results showed that chronic Future and Present Hedonistic TPs are the most important in the context of risky financial choices. Higher Future TP is related to a propensity to invest and make safe investment choices. Higher Present Hedonistic TP is related to a low propensity to invest and risky investment. Moreover, induced Future and Present Hedonistic TPs lead to similar patterns of results to those obtained in studies on chronic TPs.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
