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Full-Text Articles in Psychology
Evaluating Everyday Behaviors With Delayed And/Or Probabilistic Consequences Through A Discounting Framework, Yu-Hua Yeh
Evaluating Everyday Behaviors With Delayed And/Or Probabilistic Consequences Through A Discounting Framework, Yu-Hua Yeh
Arts & Sciences Electronic Theses and Dissertations
Delay and probability discounting refer to the decrease in subjective value of an outcome as the time until its occurrence increases and the likelihood of its occurrence decreases, respectively. Significant differences between the discounting of gains and losses, either delayed or probabilistic, have been documented in the literature. A recent study that investigated similarities and differences between the discounting of delayed gains, delayed losses, and probabilistic losses, found qualitative individual differences (i.e., subgroups) present only in the discounting of losses (Yeh et al., 2020). The current study expanded the previous investigation of subgroups to the discounting of probabilistic gains (Experiment …
Individual Differences In Discounting Delayed Gains, Delayed Losses, And Probabilistic Losses, Yu-Hua Yeh
Individual Differences In Discounting Delayed Gains, Delayed Losses, And Probabilistic Losses, Yu-Hua Yeh
Arts & Sciences Electronic Theses and Dissertations
Many decisions in one’s daily life involve the discounting of delayed or probabilistic losses: Should we pay off our credit-card balance in full or incur interest; should we buy more collision and liability insurance or risk having to pay more in case of an accident? Despite its importance, however, discounting of losses is understudied, and few studies have focused on individual differences. The current study recruited 407 on-line participants through Amazon’s Mechanical Turk who completed three discounting questionnaires: delayed losses, probabilistic losses, and delayed gains. Magnitude effects were observed with delayed gains (i.e., larger delayed gains were discounted less steeply …
Discounting Of Hypothetical Monetary Outcomes That Are Both Delayed And Probabilistic, Ariana Mae Vanderveldt
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 …