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We synthesized life history theory and the antagonistic pleiotropy hypothesis to form an integrative framework for understanding delay discounting (DD). We distinguished between fundamental and longitudinal life history trade-offs to explain individual and age differences of DD. Fundamental life history trade-offs are characterized by life history strategies (LHS), describing how individuals adjust reproductive timing according to childhood environments, while longitudinal life history trade-offs characterize how individuals make trade-offs between early- vs. late-life reproduction as a function of age. Results of a life-span sample (242 Chinese participants) supported several theoretical predictions: (a) slower LHS predicted lower DD; (b) the relationship between chronological age and DD was U-shaped; (c) the effects of age and LHS were differential. Mechanisms underlying fundamental and longitudinal trade-offs were explored. Regarding fundamental trade-offs, LHS mediated the effects of childhood environment on DD. Regarding longitudinal trade-offs, the U-shaped relationship was more evident between physical age and DD: older adults who were in poorer physical health felt older and exhibited a higher DD. Neither the time perspective nor anticipatory time perception mediated the effect of life history trade-offs. We concluded that DD was a product of two distinct life history trade-offs, reflecting both the trait-like quality and age-related development.

Differential Effects of Fundamental and Longitudinal Life History Trade-Offs on Delay Discounting: An Evolutionary Framework