Abstract:
:In two experiments, human subjects were asked to estimate their present values of single delayed rewards and their present values of temporal sequences of three rewards. Present values were solicited by asking subjects to indicate an amount of money v for which they would be indifferent between receiving v at the end of the session and receiving the delayed reward(s). A procedure was used for which responding the true value of v was the optimal strategy, and the actual payoff that each subject received was determined by one randomly selected trial. In Experiment 1 (n=29) each delayed reward was 9.90 dollars in cash. In Experiment 2 (n=19) the delayed rewards were dated 15 dollars gift certificates to a local restaurant. In both experiments, the present values of the sequences were approximately equal to the sums of the present values of their component rewards. The presence of outliers suggests that a few subjects may have valued sequences less than the sums of their single rewards. Effects of a preference for uniform sequences, if any, were too small to be detected. Discounting of sequences was well fit by a parallel hyperbolic discounting equation, consistent with Mazur's [Mazur, J.E., 1986. Choice between single and multiple delayed reinforcers. J. Exp. Anal. Behav. 46 (1), 67-77] results using multiple reinforcers.
journal_name
Behav Processesjournal_title
Behavioural processesauthors
Kirby KNdoi
10.1016/j.beproc.2006.03.011subject
Has Abstractpub_date
2006-06-01 00:00:00pages
273-82issue
3eissn
0376-6357issn
1872-8308pii
S0376-6357(06)00094-5journal_volume
72pub_type
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journal_title:Behavioural processes
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journal_title:Behavioural processes
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journal_title:Behavioural processes
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journal_title:Behavioural processes
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journal_title:Behavioural processes
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pub_type: 杂志文章
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