Delay Discounting and Social Policy Issues

Weatherly, Jeffrey N.; Plumm, Karyn M.; Derenne, Adam

doi:10.1007/bf03395775

Cited by 17 publications

(7 citation statements)

References 27 publications

(40 reference statements)

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“…Participants selected from 51 possible outcomes, which varied in $20 or $200 increments from $0 to the maximum amount for the $1000 and $100,000 outcomes, respectively. This method is not the most widely used method for collecting discounting data, but it has been used in a number of published studies on discounting (e.g., Beck & Triplett, 2009;Plumm et al, 2012;Weatherly & Ferraro, 2011;Weatherly, Plumm, & Derenne, 2011). Likewise, research employing the multiple-choice method has demonstrated that it produces reliable and interpretable data (e.g., Beck & Triplett, 2009;, as well as a smaller amount of aberrant data compared to the fill-in-the-blank method .…”

Section: Materials and Proceduresmentioning

confidence: 95%

Probabilistic discounting of hypothetical monetary gains: University students differ in how they discount “won” and “owed” money

Weatherly

Derenne

2013

Learning and Motivation

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Section: Materials and Proceduresmentioning

confidence: 95%

Probabilistic discounting of hypothetical monetary gains: University students differ in how they discount “won” and “owed” money

Weatherly

Derenne

2013

Learning and Motivation

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“…Not only do individuals prefer an immediately available reward over a delayed reward when given the choice between equally-sized reward options, but their preference for an objectively larger reward is also reduced when its receipt is delayed relative to the smaller reward. Even though delay discounting is the norm, the rate at which individuals discount future reward varies greatly, with high rates of discounting correlating with a variety of psychiatric and behavioral conditions such as psychiatric diseases and behavioral disorders (Koffarnus, Jarmolowicz, Mueller, & Bickel, 2013), college GPA (Kirby, Winston, & Santiesteban, 2005), texting while driving (Hayashi, Russo, & Wirth, 2015), environmental investment (Hardisty & Weber, 2009), social policy (Weatherly, Plumm, & Derenne, 2011). …”

Section: 0 Introductionmentioning

confidence: 99%

A framework for understanding and advancing intertemporal choice research using rodent models

Fobbs

Mizumori

2017

Neurobiology of Learning and Memory

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Intertemporal choices are common and consequential to private and public life. Thus, there is considerable interest in understanding the neural basis of intertemporal decision making. In this minireview, we briefly describe conceptual and psychological perspectives on intertemporal choice and then provide a comprehensive evaluation of the neural structures and signals that comprise the underlying cortico-limbic-striatal circuit. Even though great advances have been made, our understanding of the neurobiology of intertemporal choice is still in its infancy because of the complex and dynamic nature of this form of decision making. We close by briefly discussing recommendations for the future study of intertemporal choice research.

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“…More recently, Weatherly, Plumm, and Derenne (2011) had participants discount six different hypothetical social policies (e.g., abortion, affirmative action, gay marriage legislation), as well as one monetary outcome. The conclusions of their study depended upon which data were included in or excluded from the analyses.…”

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confidence: 99%

Choose your words Wisely: Delay Discounting of Differently titled Social Policy Issues

2012

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The present study investigated whether altering how certain social policies were framed would alter how many participants valued and/or discounted those policies and also whether discounting of the policies would be related to several measures of the participants' religiousness and their political party affiliation. Five hundred ninety-seven university undergraduates were randomly divided into two groups and completed a delay-discounting task that involved one monetary and five social-policy outcomes. The phrasing of the policies differed between groups (e.g., affirmative action vs. equal rights). Results showed that framing the policies in different ways altered (a) the number of participants who indicated that the policy held value and (b) how participants discounted the policies. Levels of discounting were also related to measures of religiousness and/or political party affiliation for all but one outcome. The present results highlight the potential value of studying how individuals discount delayed outcomes pertaining to social issues.

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Delay Discounting and Social Policy Issues

Abstract: The present study used a delay discounting framework to study decisions

Cited by 17 publications

References 27 publications

Probabilistic discounting of hypothetical monetary gains: University students differ in how they discount “won” and “owed” money

Probabilistic discounting of hypothetical monetary gains: University students differ in how they discount “won” and “owed” money

A framework for understanding and advancing intertemporal choice research using rodent models

Choose your words Wisely: Delay Discounting of Differently titled Social Policy Issues

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