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COGNITIVE REPRESENTATION OF SITUATIONAL AND PROPOSITIONAL TIME FLOW AS BASIS FOR TEMPORAL FRAMING EFFECT IN FUTURE TIME MODE

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Polunin O.

Studia Psychologica

2015

vol. 57

issue 1

5 – 20

The paper presents a finding of new kind of the temporal framing effect, which is applied to a monetary saving proposition. Based on our previous assumption about the multiple cognitive representations of time flow (Polunin, 2009, 2011, 2013), two temporal processes were assumed - situational and propositional time flow. Each of these temporal processes has specific features, and differently impacts the evaluation of money proposed for saving. Subjects made decisions on a monetary saving proposition in two experiments. Despite the equal distance to the beginning of the saving possibility and the equality of the saving amounts a temporal framing effect arises. The subjects made significantly different decisions depending on whether a situational or a propositional time flow was activated. The first one induces a slow decline of positive responses to a saving proposition while the second one leads to a strong loss of attractiveness of a saving proposition.

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

88%

Polunin O.

Studia Psychologica

2016

vol. 58

issue 3

171 – 183

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.

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2 Studia Psychologica

2 Polunin O.

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COGNITIVE REPRESENTATION OF SITUATIONAL AND PROPOSITIONAL TIME FLOW AS BASIS FOR TEMPORAL FRAMING EFFECT IN FUTURE TIME MODE

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