When making decisions, the amount of time remaining matters. When time horizons are long, exploring unknown options can inform later decisions, but when time horizons are short, exploiting known options should be prioritized. While adults and adolescents adapt their exploration in this way, it is unclear when such adaptation emerges and how…

We investigated whether the developmental emergence of episodic future thinking (EFT) is associated with performance on a type of delay of gratification task: a delay choice task that involved choosing between a small reward now or a larger reward the next day. In Study 1, 4- to 5-year-olds' (N = 99) EFT as measured by a tool saving task was…