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Discounting of monetary rewards that are both delayed and probabilistic: Delay and probability combine multiplicatively, not additively.
10 references·16 citing·45 second hop
Discounting of monetary rewards that are both delayed and probabilistic: Delay and probability combine multiplicatively, not additively. (2014)Discounting of monetary rewards that are …Risk Preferences at Different Time Periods: An Experimental Investigation (2011)Risk Preferences at Different…A comparison of four models of delay discounting in humans (2008)A comparison of four models o…Differential effects of amount on temporal and probability discounting of gains and losses (2006)Differential effects of amoun…PROBABILITY WEIGHTING FUNCTION (2005)PROBABILITY WEIGHTING FUNCTIONTheory and method in the quantitative analysis of ”impulsive choice” behaviour: implications for psychopharmacology (1999)Theory and method in the quan…Amount of reward has opposite effects on the discounting of delayed and probabilistic outcomes. (1999)Amount of reward has opposite…SUBJECTIVE PROBABILITY AND DELAY (1991)SUBJECTIVE PROBABILITY AND DE…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …An adjusting procedure for studying delayed reinforcement. (1987)An adjusting procedure for st…Cognition and behavior in studies of choice. (1986)Cognition and behavior in stu…Sexual discounting: A systematic review of discounting processes and sexual behavior. (2020)Sexual discounting: A systema…Entrepreneurship: Tenacity, Future Self-Continuity, and Inter-Temporal Risky Choice (2020)Entrepreneurship: Tenacity, F…An evaluation and comparison of models of risky intertemporal choice. (2020)An evaluation and comparison …A systematic review and meta-analysis of delay discounting and cannabis use. (2020)A systematic review and meta-…On the Complexity of Discounting, Choice Situations, and People (2019)On the Complexity of Discount…On Four Types of Devaluation of Outcomes Due to Their Costs: Delay, Probability, Effort, and Social Discounting (2019)On Four Types of Devaluation …The roles of delay and probability discounting in texting while driving: Toward the development of a translational scientific program (2018)The roles of delay and probab…Now for sure or later with a risk? Modeling risky intertemporal choice as accumulated preference. (2018)Now for sure or later with a …A behavioral economic analysis of media multitasking: Delay discounting as an underlying process of texting in the classroom (2018)A behavioral economic analysi…The DARC Toolbox: automated, flexible, and efficient delayed and risky choice experiments using Bayesian adaptive design (2017)The DARC Toolbox: automated, …People Wait Longer when the Alternative is Risky: The Relation Between Preferences in Risky and Inter‐temporal Choice (2017)People Wait Longer when the A…Can a single model account for both risky choices and inter-temporal choices? Testing the assumptions underlying models of risky inter-temporal choice (2017)Can a single model account fo…Effects of delay and probability combinations on discounting in humans (2016)Effects of delay and probabil…Learning to wait for more likely or just more: greater tolerance to delays of reward with increasingly longer delays (2015)Learning to wait for more lik…Effects of episodic future thinking on discounting: Personalized age‐progressed pictures improve risky long‐term health decisions (2015)Effects of episodic future th…Discounting by Probabilistic Waiting (2015)Discounting by Probabilistic …A Note on Measurement of Utility (1937)Specious reward: A behavioral theory of impulsiveness and impulse control. (1975)Anomalies in Intertemporal Choice: Evidence and an Interpretation (1992)An additive-utility model of delay discounting. (2009)Survey of time preference, delay discounting models (2013)A probabilistic, dynamic, and attribute-wise model of intertemporal choice. (2014)Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine (1953)Prospect Theory: An Analysis of Decision under Risk (1979)Discounting of Delayed Rewards: A Life-Span Comparison (1994)AREA UNDER THE CURVE AS A MEASURE OF DISCOUNTING (2001)Toward a behavioral economic understanding of drug dependence: delay discounting processes (2001)The Framing of Decisions and the Psychology of Choice (1981)Disappointment in Decision Making Under Uncertainty (1985)Is discounting impulsive? (2003)Temporal and probabilistic discounting of rewards in children and adolescents: Effects of age and ADHD symptoms (2005)Discounting of Monetary and Directly Consumable Rewards (2007)Schedules of reinforcement. (1957)A Theory of Rational Addiction (1988)DELAYED REWARD AND COST DISCOUNTING (2001)Gray’s impulsivity dimension: A distinction between Reward Sensitivity versus Rash Impulsiveness (2006)The effects of real versus hypothetical reward on delay and probability discounting (2009)Diagnostic and Statistical Manual of Mental Disorders (2013)Judgment under Uncertainty: Heuristics and Biases (1975)Delay of Gratification in Children (1989)Fuzzy‐trace theory and framing effects in choice: Gist extraction, truncation, and conversion (1991)Temporal self-regulation theory: A model for individual health behavior (2007)Advances in prospect theory: Cumulative representation of uncertainty (1992)Eliciting Prospect Theory When Consequences Are Measured in Time Units: “Time Is Not Money” (2013)Is There One Unifying Concept of Utility?An Experimental Comparison of Utility Under Risk and Utility Over Time (2013)Prospect theory in the health domain: A quantitative assessment (2013)Risk, Ambiguity, and the Savage Axioms (1961)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)The Probability Weighting Function (1998)On the Shape of the Probability Weighting Function (1999)Parameter-Free Elicitation of Utility and Probability Weighting Functions (2000)Salience Theory of Choice Under Risk (2012)Choices, Values, and Frames (2013)Pathological gambling severity is associated with impulsivity in a delay discounting procedure (2003)Why be nice? Psychological constraints on the evolution of cooperation (2003)Pathological gambling: Etiology, comorbidity, and treatment. (2005)Cigarette smokers discount past and future rewards symmetrically and more than controls: Is discounting a measure of impulsivity? (2008)Congruence of BOLD Response across Intertemporal Choice Conditions: Fictive and Real Money Gains and Losses (2009)HOW MANY IMPULSIVITIES? A DISCOUNTING PERSPECTIVE (2012)
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References

  • 1988Prospect theory: An analysis of decision under risk32,475 cited
  • 1987An adjusting procedure for studying delayed reinforcement.1,860 cited
  • 1991SUBJECTIVE PROBABILITY AND DELAY1,340 cited
  • 2005PROBABILITY WEIGHTING FUNCTION1,041 cited
  • 2006Differential effects of amount on temporal and probability discounting of gains and losses342 cited
  • 1986Cognition and behavior in studies of choice.341 cited
  • 1999Amount of reward has opposite effects on the discounting of delayed and probabilistic outcomes.312 cited
  • 2008A comparison of four models of delay discounting in humans246 cited
  • 1999Theory and method in the quantitative analysis of ”impulsive choice” behaviour: implications for psychopharmacology214 cited
  • 2011Risk Preferences at Different Time Periods: An Experimental Investigation116 cited

Cited by

  • 2016Effects of delay and probability combinations on discounting in humans59 cited
  • 2015Effects of episodic future thinking on discounting: Personalized age‐progressed pictures improve risky long‐term health decisions51 cited
  • 2019On Four Types of Devaluation of Outcomes Due to Their Costs: Delay, Probability, Effort, and Social Discounting50 cited
  • 2020Sexual discounting: A systematic review of discounting processes and sexual behavior.

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49 cited
  • 2020A systematic review and meta-analysis of delay discounting and cannabis use.48 cited
  • 2018The roles of delay and probability discounting in texting while driving: Toward the development of a translational scientific program30 cited
  • 2019On the Complexity of Discounting, Choice Situations, and People26 cited
  • 2020An evaluation and comparison of models of risky intertemporal choice.24 cited
  • 2018A behavioral economic analysis of media multitasking: Delay discounting as an underlying process of texting in the classroom23 cited
  • 2017Can a single model account for both risky choices and inter-temporal choices? Testing the assumptions underlying models of risky inter-temporal choice23 cited
  • 2018Now for sure or later with a risk? Modeling risky intertemporal choice as accumulated preference.19 cited
  • 2015Learning to wait for more likely or just more: greater tolerance to delays of reward with increasingly longer delays17 cited
  • 2015Discounting by Probabilistic Waiting16 cited
  • 2020Entrepreneurship: Tenacity, Future Self-Continuity, and Inter-Temporal Risky Choice15 cited
  • 2017People Wait Longer when the Alternative is Risky: The Relation Between Preferences in Risky and Inter‐temporal Choice15 cited
  • 2017The DARC Toolbox: automated, flexible, and efficient delayed and risky choice experiments using Bayesian adaptive design15 cited