{
  "abstract": "Intertemporal decisions are commonly summarized by a single discount parameter, although individuals with similar overall discounting intensity may value short-, medium-, and long-term delays differently. This study investigates whether financial literacy is associated with these horizon-specific differences by treating reconstructed subjective time as a functional rather than scalar outcome. Data were collected through a multilingual online questionnaire administered to a convenience and snowball sample of 140 adults, who provided hypothetical equivalence judgments for a future reward of EUR 100 over 13 horizons from 7 days to 5 years, a three-item financial-literacy measure, and measures of temporal perception. Individual discount trajectories were reconstructed and analyzed with function-on-scalar regression, allowing the association with financial literacy to vary across the temporal domain. Because the normalized subjective-time trajectory is not identifiable for flat or reconstruction-degenerate discount profiles, the primary functional analysis included 59 participants, while complementary analyses used the full analytical sample. The primary model provided no evidence of a robust linear association between financial literacy and subjective-time deformation. An exploratory categorical specification indicated heterogeneity across financial-literacy levels and departure from a linear-score representation, although individual contrasts were imprecise and sensitive to specification. The relationship between financial literacy and intertemporal valuation may thus be more complex than a monotonic score effect, and functional data analytics can reveal horizon-specific structure that scalar summaries obscure. Given the convenience sample and the reduced identified sample, the results are exploratory and require validation in larger independent samples.",
  "abstract_shown": true,
  "affiliations": [],
  "article_type": null,
  "arxiv": "2610.26023",
  "author_total": 5,
  "authors": [
    {
      "name": "Fabrizio Maturo"
    },
    {
      "name": "Salvador Cruz Rambaud"
    },
    {
      "name": "Vincenzo Li Calzi"
    },
    {
      "name": "Andrea Mazzitelli"
    },
    {
      "name": "Annamaria Porreca"
    }
  ],
  "bibtex": "https://research.draconitic.com/paper/2qnvfsh69vbk6.bib",
  "cited_by": 0,
  "doi": "10.48550/arxiv.2610.26023",
  "fulltext_url": null,
  "id": "2qnvfsh69vbk6",
  "issns": [],
  "landing_url": "https://arxiv.org/abs/2610.26023",
  "language": null,
  "licence": "CC-BY-4.0",
  "licence_label": "CC BY 4.0",
  "licence_source": "article",
  "licence_url": "http://creativecommons.org/licenses/by/4.0/",
  "metadata_licence": "CC0-1.0",
  "native_subjects": [
    [
      "arxiv",
      "stat.AP"
    ],
    [
      "openalex",
      "1800|Decision-Making and Behavioral Economics"
    ]
  ],
  "openalex": "W7223037658",
  "pdf_url": "https://arxiv.org/pdf/2610.26023",
  "pmcid": null,
  "pmid": null,
  "published": "2026-10-19",
  "publisher": null,
  "ris": "https://research.draconitic.com/paper/2qnvfsh69vbk6.ris",
  "sources": [
    {
      "first_seen": "2026-10-30T12:33:54Z",
      "native_id": "2610.26023",
      "source": "arxiv",
      "url": "https://arxiv.org/abs/2610.26023"
    }
  ],
  "subjects": [
    {
      "field": "mathematics",
      "origin": "arxiv:stat.AP",
      "subfield": "statistics"
    }
  ],
  "title": "Financial Literacy and the Functional Shape of Subjective Time Deformation in Intertemporal Choice",
  "title_text": "Financial Literacy and the Functional Shape of Subjective Time Deformation in Intertemporal Choice",
  "type": "preprint",
  "updated_at": "2026-10-30T12:33:54Z",
  "url": "https://research.draconitic.com/paper/2qnvfsh69vbk6",
  "venue": "arXiv",
  "versions": []
}