| Summary: | Time preference reversal refers to systematic inconsistencies
between preferences and bids for intertemporal options. From the two
eye-tracking studies (N1 = 60, N2 = 110), we examined the underlying mechanisms
of time preference reversal. We replicated the reversal effect in which
individuals facing a pair of intertemporal options choose the smaller-sooner
option but assign a higher value to the larger-later one. Results revealed that
the mean fixation duration and the proportion of gaze time on the outcome
attribute varied across the choice and bid tasks. In addition, time preference
reversals correlated with individual differences in maximizing tendencies.
Findings support the contingent weighting hypothesis and strategy compatibility
hypothesis and allow for improved theoretical understanding of the potential
mechanisms and processes involved in time preference reversals.
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