Abstract and Keywords
This article explores how individuals psychologically experience dilemmas in which they face a tradeoff between their own self-interests in the present and the interests of future others. The psychological dynamics that impact individuals' inclinations to sacrifice their present self-interest to protect or promote the interests of future others is investigated. It also discusses the implications of this research for how organizations can promote environmental sustainability. It then evaluates how the independent effects of interpersonal and intertemporal distances in intergenerational contexts can combine to diminish intergenerational beneficence, and thus lead to intergenerational discounting. Intergenerational discounting represents a combined effect of intertemporal and social discounting and its consequences can escalate over time. The legacy motive is closely tied to the concept of generativity. Intergenerational decisions have considerable impact within organizations and society. The study of intergenerational decision-making presents critical insight into the ways that organizations achieve long-term environmental sustainability and viability.
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