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University of Nebraska - Lincoln

Cognitive Psychology

Intertemporal choice

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Full-Text Articles in Psychology

Improving Measurements Of Similarity Judgments With Machine-Learning Algorithms, Jeffrey R. Stevens, Alexis Polzkill Saltzman, Tanner Rasmussen, Leen-Kiat Soh Jan 2021

Improving Measurements Of Similarity Judgments With Machine-Learning Algorithms, Jeffrey R. Stevens, Alexis Polzkill Saltzman, Tanner Rasmussen, Leen-Kiat Soh

Jeffrey Stevens Publications

Intertemporal choices involve assessing options with different reward amounts available at different time delays. The similarity approach to intertemporal choice focuses on judging how similar amounts and delays are. Yet we do not fully understand the cognitive process of how these judgments are made. Here, we use machine-learning algorithms to predict similarity judgments to (1) investigate which algorithms best predict these judgments, (2) assess which predictors are most useful in predicting participants’ judgments, and (3) determine the minimum number of judgments required to accurately predict future judgments. We applied eight algorithms to similarity judgments for reward amount and time delay …


Predicting Similarity Judgments In Intertemporal Choice With Machine Learning, Jeffrey R. Stevens, Leen-Kiat Soh Jan 2018

Predicting Similarity Judgments In Intertemporal Choice With Machine Learning, Jeffrey R. Stevens, Leen-Kiat Soh

Jeffrey Stevens Publications

Similarity models of intertemporal choice are heuristics that choose based on similarity judgments of the reward amounts and time delays. Yet, we do not know how these judgments are made. Here, we use machine-learning algorithms to assess what factors predict similarity judgments and whether decision trees capture the judgment outcomes and process. We find that combining small and large values into numerical differences and ratios and arranging them in tree-like structures can predict both similarity judgments and response times. Our results suggest that we can use machine learning to not only model decision outcomes but also model how decisions are …


The Domain Specificity Of Intertemporal Choice In Pinyon Jays, Jeffrey R. Stevens, Bryce Kennedy, Dina Morales, Marianna Burks Jan 2016

The Domain Specificity Of Intertemporal Choice In Pinyon Jays, Jeffrey R. Stevens, Bryce Kennedy, Dina Morales, Marianna Burks

Jeffrey Stevens Publications

When choosing between a piece of cake now versus a slimmer waistline in the future, many of us have difficulty with self-control. Food-caching species, however, regularly hide food for later recovery, sometimes waiting months before retrieving their caches. It remains unclear whether these long-term choices generalize outside of the caching domain. We hypothesized that the ability to save for the future is a general tendency that cuts across different situations. To test this hypothesis, we measured and experimentally manipulated caching to evaluate its relationship with operant measures of self-control in pinyon jays (Gymnorhinus cyanocephalus). We found no correlation …


Intertemporal Similarity: Discounting As A Last Resort, Jeffrey R. Stevens Jan 2016

Intertemporal Similarity: Discounting As A Last Resort, Jeffrey R. Stevens

Jeffrey Stevens Publications

Standard models of intertemporal choice assume that individuals discount future payoffs by integrating reward amounts and time delays to generate a discounted value. Alternative models propose that, rather than integrate across them, individuals compare within attributes (amounts and delays) to determine if differences in one attribute outweigh differences in another attribute. For instance, Leland (2002) and Rubinstein (2003) propose models that 1) compare the two reward amounts to determine whether they are similar, 2) compare the similarity of the two time delays, and then 3) make a decision based on these similarity judgments. Here, I tested discounting models against attribute-based …