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Human Choices Between Variable And Fixed Rewards In Hypothetical Variable-Delay And Double-Reward Discounting Procedures, Todd Mckerchar, James E. Mazur

Research, Publications & Creative Work

Prior research has shown that nonhumans show an extreme preference for variable- over fixed-delays to reinforcement. This well-established preference for variability occurs because a reinforcer’s strength or “value” decreases according to a curvilinear function as its delay increases. The purpose of the present experiments was to investigate whether this preference for variability occurs with human participants making hypothetical choices. In three experiments, participants recruited from Amazon Mechanical Turk made choices between variable and fixed monetary rewards. In a variable-delay procedure, participants repeatedly chose between a reward delivered either immediately or after a delay (with equal probability) and a reward after …