IMPACT OF SITUATIONAL AND PROPOSITIONAL TIME FLOW ON MONETARY SAVING PROPOSITION MADE IN THE FIRST- AND THE THIRD-PERSON PERSPECTIVE
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The study examines the properties of cognitive representations of situational and propositional time flow in relation to the first- and the third-person perspective on monetary saving proposition. The subjects made decisions whether to accept a monetary saving proposition. Despite the equal distance to the beginning of saving possibility and equality of saving amounts the subjects made significantly different decisions depending on whether a situational or a propositional time flow was activated. The newly found temporal framing effect (Polunin, 2015) was confirmed and its new version for the propositions formulated from the third-person perspective is described. The results specify the features of situational and propositional time flow and the consequent discrepancies in the decision outcomes. In general, the discounting of the saving proposition made from the first- and the third-person perspective runs slower when situational time flow is activated.
171 – 183
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