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Power and Reduced Temporal Discounting
Psychological Science, 2013Decision makers generally feel disconnected from their future selves, an experience that leads them to prefer smaller immediate gains to larger future gains. This pervasive tendency is known as temporal discounting, and researchers across disciplines are interested in understanding how to overcome it.
Priyanka D, Joshi, Nathanael J, Fast
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Amount-dependent temporal discounting?
Behavioural Processes, 2004Amount-dependent temporal discounting has been demonstrated for human choice between outcomes differing in amount and delay. In the only study to date with non-humans, Grace reported no evidence for amount-dependent temporal discounting with pigeons in a concurrent-chains procedure.
K Geoffrey White
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Social Discounting: Preference Reversals and Links with Temporal Discounting
Review of Behavioral Economics, 2020The purpose of this study is twofold. First, we test the hypothesis that the preference reversal occurs in social discounting. Second, we investigate the relationship between social discounting and temporal discounting. In the conducted experiments, participants made hypothetical choices between a smaller monetary reward for a less socially distant ...
Rusek, Jan +2 more
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Temporal Neutrality Implies Exponential Temporal Discounting
Philosophy of Science, 2023AbstractHow should one discount utility across time? The conventional wisdom in social science is that one should use an exponential discount function. Such a function is a representation of the axioms that provide a well-defined utility function plus a condition known as stationarity.
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Discounted-Value Representations of Temporal Preferences
Mathematics of Operations Research, 1985This paper examines the proposition that temporal preferences may be represented in terms of discount functions. An analytical framework is developed within which preferences are defined over a set of programs or prospects over time. Necessary and sufficient conditions for generalized discounting, discounting as well as exponential discounting are ...
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Control of movements and temporal discounting of reward
Current Opinion in Neurobiology, 2010Let us assume that the purpose of any movement is to position our body in a more rewarding state. People and other animals discount future reward as a function of time. Recent results suggest that there is a correlation between changes in this reward temporal discount function and changes in saccadic velocity and duration.
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Reliability of a Measure of Temporal Discounting
The Psychological Record, 2000Participants (N = 17) chose between smaller, immediate and larger, delayed hypothetical money amounts in two laboratory sessions separated by 1 week. The choice procedure yielded equivalence points at which participants were indifferent between the smaller, immediate and the larger, delayed reward for eight different delays of the larger reward.
Cathy A. Simpson, Rudy E. Vuchinich
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Temporal Discounting in Philosophy and Psychology
2022Psychologists are developing increasingly sophisticated models of the role that risk and stress play in our preferences for the future. And recently there has been interesting work extending these models to preferences about past events. Philosophers have long been in the business of developing theories to interpret and evaluate our preferences about ...
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Temporal Discounting and Number Representation
Journal of Behavioral Finance, 2013Intertemporal decisions usually involve numbers: subjects decide between rewards, with different delays and probabilities. This paper is a brief overview of findings in the area of number cognition, followed by some theoretical applications of these findings in intertemporal decisions. In particular, the fact that numbers are neither linearly perceived
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Temporal Discounting of Future Risks
2017This chapter discusses how temporal discounting might lead a consumer to choose a smaller, more immediate reward over a larger, delayed reward because the present value of the delayed reward is discounted. Time discounting models, such as exponential and hyperbolic pattern discounting, are useful in explaining people’s intertemporal preferences and ...
Chengyan Yue, Jingjing Wang
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