Cigarette smoking, like other forms of drug dependence, is characterized by rapid loss of subjective value for delayed outcomes, particularly for the drug of dependence. Never- and ex-smokers could discount similarly because cigarette smoking is associated with a reversible increase in discounting or due to selection bias.

The degree to which real and hypothetical rewards were discounted across delays ranging from 6 hr to 1 year was explored in a within-subjects design. An adjusting-amounts procedure was used to estimate the subjective value of real and hypothetical rewards at each delay. A hyperbolic discounting function provided a significantly better fit to individual participants' preferences than did an exponential function. No significant effect of reward type on degree of hyperbolic discounting or area under the discounting curves was detected. These findings offer some support for the validity of using hypothetical rewards to estimate discounting rates in substance-abusing and other populations, but caution is suggested because this support is gleaned from a failure to detect an effect of reward type.

Performance on the delay discounting model of impulsivity predicted vulnerability to subsequent acquisition of cocaine self-administration.

No abstract

Impulsivity is a colloquial term with which nearly everyone has some commerce. Although the term is sometimes used to describe socially appropriate actions (e.g., "She possessed an impulsive force to succeed in her job"), it more often refers to problematic behavior. For example, children are described as impulsive when they take a toy from a peer without considering the likely consequences of doing so (e.g., the peer crying and a reprimand from a caretaker). College students are said to be impulsive when they choose to attend a party with friends rather than study for an exam scheduled for the next day. And middle-aged adults might be similarly described if they repeatedly buy things on impulse without considering that payments (with interest) will come due at the end of the month. In this more frequent usage, impulsivity describes a tendency to act on a whim and, in so doing, disregard a more rational long-term strategy for success.

Prior studies comparing discounting of delayed hypothetical or potentially real rewards have reported no differences, but they used within-subjects designs. This raises the possibility that participants remembered their choices in one condition and repeated them in the other. In Experiment 1, between-subjects comparisons were made with an adjusting-amount procedure. No significant effect of reward type on delay discounting was detected. Experiment 2 increased the proportion of real rewards and made between- and within-subject comparisons. These comparisons also failed to reveal a significant effect of reward type. Although these findings are consistent with prior findings, caution is urged because choices involving hypothetical rewards have yet to be compared with choices involving real rewards (i.e., the consequences of every choice are obtained) in an experiment using forced-choice trials and steady-state methodology.

Recent theories of substance abuse have used value discounting of delayed rewards to partly explain the decision to take drugs. Normative-economic theory holds that an exponential function describes the effects of delay on discounting, whereas the matching law posits a hyperbolic discounting function. The ability of these functions to describe 18 human heroin-dependent individuals' monetary- and heroin-reward delay-discounting functions was assessed. In the 1st condition, participants chose between immediate and delayed hypothetical monetary rewards. Delayed rewards were $1,000, and the immediate reward amount was adjusted until choices reflected indifference. In the 2nd condition, participants chose between immediate and delayed heroin (the delayed amount was that which each participant reported he or she could purchase with $1,000). The hyperbolic function produced significantly higher R2 values and significantly lower sums of squared error values. Consistent with previous findings, delayed heroin rewards were discounted at a significantly higher rate than were delayed monetary rewards.

Many behaviors posing significant risks to public health are characterized by repeated decisions to forego better long-term outcomes in the face of immediate temptations. Steeply discounting the value of delayed outcomes often underlies a pattern of impulsive choice. Steep delay discounting is correlated with addictions (e.g., substance abuse, obesity) and behaviors such as seatbelt use and risky sexual activity. As evidence accumulates suggesting steep delay discounting plays a causal role in these maladaptive behaviors, researchers have begun testing methods for reducing discounting. In this first systematic and comprehensive review of this literature, the findings of 92 articles employing different methodologies to reduce discounting are evaluated narratively and meta-analytically. Although most of the methods reviewed produced significant reductions in discounting, they varied in effect sizes. Most methods were ideal for influencing one-off choices (e.g., framing and priming manipulations), although other successful manipulations, such as episodic future thinking, could be incorporated into existing therapies designed to produce longer-lasting changes in decision-making. The largest and longest-lasting effects were produced by learning-based manipulations, although translational research is needed to determine the generality and clinical utility of these methods. Methodological shortcomings in the existing literature and suggestions for ameliorating these issues are discussed. This review reveals a variety of methods with translational potential, which, through continued refinement, may prove effective in reducing impulsive choice and its associated maladaptive decisions that negatively impact quality of life. (PsycINFO Database Record