Abstract
The objective of this paper is to measure and compare the subjective time discounting of professional athletes and nonathletes. By using a questionnaire, we found higher subjective discounting for professional athletes than for non-athletes. We also found that the professional athletes' win-orientation positively affected their present preferences. On the other hand, professional athletes' play- orientation, which reflects their attitude towards the game itself, negatively affected their present preferences. No such effects were found in non-athletes. We argue that the "win-at-all-costs" competitive approach that leads athletes to sacrifice everything in order to win may cause (or reflect) their higher preference for the present.
Original language | American English |
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Pages (from-to) | 542-551 |
Number of pages | 10 |
Journal | Judgment and Decision Making |
Volume | 6 |
Issue number | 6 |
DOIs | |
State | Published - 1 Aug 2011 |
Keywords
- Athletes
- Discounting
- Play orientation
- Risk aversion
- Sports
- Time preference
- Win orientation
All Science Journal Classification (ASJC) codes
- General Decision Sciences
- Applied Psychology
- Economics and Econometrics