Resumo

NEGRETE CORTES, Agustín Jaime; GARCIA GOMAR, María Luisa  e  CARBAJAL-VALENZUELA, Cintli Carolina. The Border Experience Modulates the Subjective Value of Delayed Monetary Rewards. Acta de investigación psicol [online]. 2022, vol.12, n.2, pp.120-133.  Epub 21-Abr-2023. ISSN 2007-4719.  https://doi.org/10.22201/fpsi.20074719e.2022.2.455.

The population on the northern border of Mexico experiences particular economic conditions when interacting with two currencies with different inflation rates, so their intertemporal choice patterns may be different than in the population of the same nationality not exposed to this condition. The objective is to determine if the experience with different inflation rates affects the temporary discount of monetary rewards of two different currencies through the contrast between a group of 36 workers from the Mexico-United States border and 28 workers from the center of the country. Each participant completed two temporary discount tasks, where they had to choose between a small immediate reward and a large but delayed one. One task involved monetary rewards in pesos ($8,000 for the delayed option) and the other in equivalent dollars according to the exchange rate. It was found that border participants devalued the peso more than the dollar in conditions of long delays and compared to their counterparts in the interior of the republic, who discounted the peso and the dollar in the same way. The results are consistent with the hypothesis of the effect of inflation on intertemporal decision making involving monetary rewards.

Palavras-chave : Temporal discounting; Border; Inflation rate; Mexican pesos; Dollars.