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The present study deals with temporal processes which are essential for decision making in topical mental account (Thaler, 1999). The experiment focuses on temporal processes (zero-probability barrier and aging of proposition) in future time mode. It was found that the decision outcome is sensitive to both of the above. The results revealed a classical framing effect (Kahneman, Tversky, 1984) for...
Cognitive processing of temporal information is based on multiple domains of knowledge including psychological and physical ones. The notion of age is an aspect of psychological time that can be conceived as a 'lived-experienced' time, whereas the notion of duration is an aspect of physical time. This research examines whether the acquisition of the notions of age and duration during cognitive development...
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