Reference : Time and decision making in humans
Scientific journals : Article
Social & behavioral sciences, psychology : Neurosciences & behavior
Time and decision making in humans
Klapproth, Florian mailto [University of Luxembourg > Faculty of Language and Literature, Humanities, Arts and Education (FLSHASE) > Languages, Culture, Media and Identities (LCMI) >]
Cognitive, Affective and Behavioral Neuroscience
Yes (verified by ORBilu)
[en] decision making ; duration ; time ; decision process
[en] Decision making requires evaluating alternatives that differ on a number of attributes. During this evaluation process, selection of options depends on the duration of the options, the duration of the expected delay for realizing the options, and the time available to reach a decision. This article reviews the relationship between time and decision making in humans with respect to this evaluation process. Moreover, the role of psychological time, as compared with physical time, is accentuated. Five topics have been selected that illustrate how time and mental representations of time affect decision making. These are (1) the duration of options, (2) temporal decision making, (3) the time between having made a decision and experiencing the consequences of that decision, (4) the temporal perspective of decision makers, and (5) the duration of the decision process. The discussion of each topic is supplemented by suggestions for further research. It is shown that psychological time is often neglected in human decision making but seems to play an important role in the making of choices.

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