Abstract
This research demonstrates that decision makers’ time perspective—a cognitive, temporal bias that leads people to overemphasize the past, present, or future in their decision making—systematically influences self-reported behavioral intentions and thus intention–behavior consistency for distant-future behaviors. Whereas present-hedonistic individuals overstate their intentions, present-fatalistic individuals understate theirs, so both types exhibit low intention–behavior consistency. Future time-oriented individuals instead exhibit high intention–behavior consistency because they are less likely to overstate their intentions. The findings are contributed to decision makers’ time perspective influencing the construal of distant-future behavior when reporting behavioral intentions. Accounting for decision makers’ time perspectives helps improve predictive accuracy and may change insights obtained from causal models that use self-reported intentions as a proxy for actual, distant-future behavior.
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Notes
Although Zimbardo and Boyd (1999) measure time perspective with 56 items, 29 items led to factor loadings lower than 0.50, which qualified them for elimination (Hair et al. 2010). With a factor loading of greater than 0.60 as a cut-off value, we selected three items for each time perspective. The confirmatory factor analyses confirmed the five time perspectives: study 1 χ 2(80) = 109.54, p < 0.01, RMSEA = 0.071, GFI = 0.91, CFI = 0.92 and study 2 χ 2(80) = 131.73, p < 0.01, RMSEA = 0.079, GFI = 0.90, CFI = 0.91. The reliabilities of the individual scales also were good, ranging from 0.70 to 0.86 (see Table 1). All factor loadings were > 0.70.
The correlations between the unweighted averages of the perspectives are considered low (r < 0.35, Cohen and Cohen 1983).
This was also examined using a more restrictive approach by classifying individuals as a particular time perspective type when their factor score is at least 1 standard deviation above the sample mean for that factor and no greater than 1/2 standard deviation above the sample mean for any of the other factors. The conclusions remained unchanged.
In predicting adoption, a 50% probability cut-off was used, with the assumption of a linear relationship between time and adoption likelihood; that is, if a participant reports a likelihood of 80% at t = 36 months, the inferred likelihood at 24 months is 53.3%. This approach yielded more favorable results than common nonlinear curves for the interpolation.
The proposed approach worked, but is a conservative. More sophisticated models might increase the accuracy further.
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Acknowledgments
The author thanks Muge Capar for her help during the data collection process and Joost M. E. Pennings and Nancy Wong for their feedback on earlier drafts of this paper. The author is grateful for the meaningful and constructive support received from the editor Joe Urbany and the three anonymous reviewers.
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Van Ittersum, K. The effect of decision makers’ time perspective on intention–behavior consistency. Mark Lett 23, 263–277 (2012). https://doi.org/10.1007/s11002-011-9152-3
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DOI: https://doi.org/10.1007/s11002-011-9152-3