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{
    "pk": 29029,
    "title": "Planning failures induced by budgetary overruns cause intertemporal impulsivity",
    "subtitle": null,
    "abstract": "Recent research has identified intertemporal impulsivity as a critical cognitive variable for explaining the autocatalyticnature of socioeconomic status (SES). But how exactly this relationship transpires has not been clearly identified. Wepresent results from a novel experimental study, demonstrating that decision-makers’ time preference becomes morepresent-focused when they experience budgetary overruns in a sequential decision-making task. On the basis of theseresults, we hypothesize that steep intertemporal discounting in low SES individuals may arise as a rational metacognitiveadaptation to persistently experiencing planning and control failures in long-term plans. Consilient evidence in support ofthis hypothesis and downstream policy implications are briefly discussed.",
    "language": "eng",
    "license": {
        "name": "",
        "short_name": "",
        "text": null,
        "url": ""
    },
    "keywords": [],
    "section": "Poster Presentations with Abstracts",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/3g4544f2",
    "frozenauthors": [
        {
            "first_name": "Arjun",
            "middle_name": "",
            "last_name": "Mitra",
            "name_suffix": "",
            "institution": "University of Allahabad",
            "department": ""
        },
        {
            "first_name": "Narayanan",
            "middle_name": "",
            "last_name": "Srinivasan",
            "name_suffix": "",
            "institution": "University of Allahabad",
            "department": ""
        },
        {
            "first_name": "Nisheeth",
            "middle_name": "",
            "last_name": "Srivastava",
            "name_suffix": "",
            "institution": "Indian Institute of Technology",
            "department": ""
        }
    ],
    "date_submitted": null,
    "date_accepted": null,
    "date_published": "2019-01-01T18:00:00Z",
    "render_galley": null,
    "galleys": [
        {
            "label": "PDF",
            "type": "pdf",
            "path": "https://journalpub.escholarship.org/cognitivesciencesociety/article/29029/galley/18900/download/"
        }
    ]
}