Date-delay effect and its importance in rational decisions
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Our study suggests that stress plays a crucial role, influencing how people process time in intertemporal decision making, such that presenting time as periods of postponement generates greater uncertainty, increasing the individual’s stress level and thus promoting more impulsive decisions.
The implementation of strategies aimed at stress management and the promotion of healthy habits can foster more reflective and coherent intertemporal decisions. From a practical point of view, the results have implications in several areas: in general, for business organizations, and specifically for the banking sector and financial institutions.
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