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Discounting Of Hypothetical Monetary Outcomes That Are Both Delayed And Probabilistic, Ariana Mae Vanderveldt

All Theses and Dissertations (ETDs)

The value of an outcome is affected both by the delay until its receipt: delay discounting) and by the likelihood of its receipt: probability discounting). Despite being well described by the same hyperboloid function, delay and probability discounting involve fundamentally different processes, as represented by the opposite effect amount has on the degree to which delayed and probabilistic rewards are discounted. Most of the previous research has studied the discounting of delayed and of probabilistic rewards separately, with little research examining more complex situations in which the rewards are both delayed and probabilistic. In the present experiment, participants made choices …