J Exp Anal Behav. 2002 Mar;77(2):129-46.

Within-subject comparison of real and hypothetical money rewards in delay discounting.

Source

Department of Psychiatry, University of Vermont, Burlington 05401-1419, USA. matthew.johnson@uvm.edu

Abstract

A within-subject design, using human participants, compared delay discounting functions for real and hypothetical money rewards. Both real and hypothetical rewards were studied across a range that included $10 to $250. For 5 of the 6 participants, no systematic difference in discount rate was observed in response to real and hypothetical choices, suggesting that hypothetical rewards may often serve as a valid proxy for real rewards in delay discounting research. By measuring discounting at an unprecedented range of real rewards, this study has also systematically replicated the robust finding in human delay discounting research that discount rates decrease with increasing magnitude of reward. A hyperbolic decay model described the data better than an exponential model.

PMID:: 11936247; [PubMed - indexed for MEDLINE]
PMCID:: PMC1284852

Free PMC Article

Publication Types, MeSH Terms, Grant Support

Publication Types

Research Support, U.S. Gov't, P.H.S.

MeSH Terms

Grant Support

LinkOut - more resources

Full Text Sources

Other Literature Sources

Labome Researcher Resource - ExactAntigen/Labome

Supplemental Content

Save items

Related citations in PubMed

The combined effects of delay and probability in discounting. [Behav Processes. 2006]
The combined effects of delay and probability in discounting.
Yi R, de la Piedad X, Bickel WK. Behav Processes. 2006 Sep; 73(2):149-55. Epub 2006 May 12.
Delay discounting of real and hypothetical rewards III: steady-state assessments, forced-choice trials, and all real rewards. [Behav Processes. 2005]
Delay discounting of real and hypothetical rewards III: steady-state assessments, forced-choice trials, and all real rewards.
Lagorio CH, Madden GJ. Behav Processes. 2005 May 31; 69(2):173-87.
Delay discounting by pathological gamblers. [J Appl Behav Anal. 2003]
Delay discounting by pathological gamblers.
Dixon MR, Marley J, Jacobs EA. J Appl Behav Anal. 2003 Winter; 36(4):449-58.
Review Toward an animal model of gambling: delay discounting and the allure of unpredictable outcomes. [J Gambl Stud. 2007]
Review Toward an animal model of gambling: delay discounting and the allure of unpredictable outcomes.
Madden GJ, Ewan EE, Lagorio CH. J Gambl Stud. 2007 Mar; 23(1):63-83. Epub 2006 Dec 15.
Review Beyond discounting: possible experimental models of impulse control. [Psychopharmacology (Berl). 1999]
Review Beyond discounting: possible experimental models of impulse control.
Monterosso J, Ainslie G. Psychopharmacology (Berl). 1999 Oct; 146(4):339-47.

See reviews... See all...

Cited by 26 PubMed Central articles

Real and hypothetical rewards. [Judgm Decis Mak. 2011]
Real and hypothetical rewards.
Locey ML, Jones BA, Rachlin H. Judgm Decis Mak. 2011 Aug; 6(6):552-564.
The Relationship between Impulsive Choice and Impulsive Action: A Cross-Species Translational Study. [PLoS One. 2012]
The Relationship between Impulsive Choice and Impulsive Action: A Cross-Species Translational Study.
Broos N, Schmaal L, Wiskerke J, Kostelijk L, Lam T, Stoop N, Weierink L, Ham J, de Geus EJ, Schoffelmeer AN, et al. PLoS One. 2012; 7(5):e36781. Epub 2012 May 4.
Regional white matter volumes correlate with delay discounting. [PLoS One. 2012]
Regional white matter volumes correlate with delay discounting.
Yu R. PLoS One. 2012; 7(2):e32595. Epub 2012 Feb 29.

See all...

Related information

Related Citations
Calculated set of PubMed citations closely related to the selected article(s) retrieved using a word weight algorithm. Related articles are displayed in ranked order from most to least relevant, with the “linked from” citation displayed first.
References for this PMC Article
Citation referenced in PubMed article. Only valid for PubMed citations that are also in PMC.
Free in PMC
Free full text articles in PMC
Cited in PMC
Full-text articles in the PubMed Central Database that cite the current articles.

Recent activity

Clear Turn Off Turn On

Within-subject comparison of real and hypothetical money rewards in delay discou...
Within-subject comparison of real and hypothetical money rewards in delay discounting.
J Exp Anal Behav. 2002 Mar ;77(2):129-46.

PubMed
Health, mental well-being, and musculoskeletal disorders: a comparison between S...
Health, mental well-being, and musculoskeletal disorders: a comparison between Swedish and Australian dental hygienist.
J Dent Hyg. 2002 Winter ;76(1):47-58.

PubMed
The effective integration of utilization and case management.
The effective integration of utilization and case management.
Case Manager. 2000 Mar-Apr ;11(2):53-6.

PubMed
A survey of factors related to mental hospital readmissions.
A survey of factors related to mental hospital readmissions.
Hosp Community Psychiatry. 1975 Nov ;26(11):749-51.

PubMed
[Proximal humeral head fractures--Future development of shoulderimplants].
[Proximal humeral head fractures--Future development of shoulderimplants].
Zentralbl Chir. 2002 Mar ;127(3):207-11.

PubMed

Your browsing activity is empty.

Activity recording is turned off.

Turn recording back on

PubMed

Result Filters

Display Settings:

Send to: