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  1. 2 Studia Psychologica

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  1. 2 Polunin O.

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  1. 1 2016

  2. 1 2011

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1

IMPACT OF SITUATIONAL AND PROPOSITIONAL TIME FLOW ON MONETARY SAVING PROPOSITION MADE IN THE FIRST- AND THE THIRD-PERSON PERSPECTIVE

100%
Polunin O.
Studia Psychologica
|
2016
|
vol. 58
|
issue 3
171 – 183
EN
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.
2

RELATIVE AMOUNT OF MONETARY SAVINGS AS A FACTOR OF PROPOSITION AGING AND ELIMINATION OF THE FRAMING EFFECT

86%
Polunin O.
Studia Psychologica
|
2011
|
vol. 53
|
issue 4
327 – 338
EN
The present study deals with the framing effect in topical mental account (Tversky, Kahneman, 1981) and with factors of its elimination. The elimination of the framing effect was described earlier (Polunin, 2009) and explained by the influence of two temporal processes (aging of proposition and past openness). The question raised in this study is whether different velocity of proposition aging can be sufficient to eliminate the framing effect. It was assumed that aging of proposition depends upon two factors: the absolute and the relative level of savings proposition. Two levels of absolute and relative monetary savings were introduced as variables in the experiment. Their influence on aging of proposition and finally on the framing effect was examined. The results confirmed the classical framing effect (Kahneman, Tversky, 1984) for the tasks with the savings proposition beginning in the present time mode. The complete elimination of the framing effect was replicated for tasks with the savings proposition beginning in the past time mode (Polunin, 2009). As a new finding, it was shown that an absolute and a relative amount of monetary savings oppositely influence the aging of proposition. Furthermore, the amount of relative price reduction (monetary savings) causes an essential difference in the velocity of aging, which alone could be sufficient for the explanation of the complete elimination of the framing effect.
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