Imagining emotional events benefits future-oriented decisions

• Published in: Quarterly journal of experimental psychology (2006) Vol. 75; no. 12; pp. 2332 - 2348
• Main Authors: Ballance, Braedon C, Tuen, Young Ji, Petrucci, Aria S, Orwig, William, Safi, Omran K, Madan, Christopher R, Palombo, Daniela J
• Format: Journal Article
• Language: English
• Published: London, England SAGE Publications 01.12.2022; Sage Publications Ltd
• Subjects: Delay Discounting; Emotions; Forecasting; Humans; Original; Reward; Decision-making; intertemporal choice; emotion; episodic future thinking; delay discounting
• ISSN: 1747-0218; 1747-0226; 1747-0226
• DOI: 10.1177/17470218221086637

How does imagining future events—whether positive or negative—influence our choices in the present? Prior work has shown the simulation of hypothetical future events, dubbed episodic future thinking, can alter the propensity to engage in delay discounting (the tendency to devalue future rewards) and does so in a valence-specific manner. Some research shows that positive episodic future thinking reduces delay discounting, whereas negative future thinking augments it. However, more recent research indicates that both positive and negative episodic future thinking reduce delay discounting, suggesting an effect of episodic future thinking that is independent of valence. In this study, we sought to replicate and extend these latter findings. Here, participants (N = 604; N = 572 after exclusions) completed an online study. In the baseline task, participants completed a delay discounting task. In the experimental task, they engaged in episodic future thinking before completing a second delay discounting task. Participants were randomly assigned to engage in either positive, neutral, or negative episodic future thinking. In accordance with Bulley et al., we found that episodic future thinking, regardless of valence, reduced delay discounting. Although episodic future thinking shifted decision-making in all conditions, the effect was stronger when participants engaged in positive episodic future thinking, even after accounting for personal relevance and vividness of imagined events. These findings suggest that episodic future thinking may promote future-oriented choices by contextualising the future, and this effect is further strengthened when the future is tied to positive emotion.