Discounting delayed and probabilistic rewards: Processes and traits

By Joel Myerson, Leonard Green, J. Hanson, Daniel D. Holt, Sara J. Estle. 2003

268 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

A discounting framework for choice with delayed and probabilistic rewards. (2004, methodology): “In addition, Myerson et al. (2003) reanalyzed data from Green et al.’s (1999a) Experiment 1, in which 68 participants performed both temporal and probability discounting tasks, and again they obtained a positive correlation between the two types of discounting.”
Delay discounting: concepts and measures (2012, methodology): “A simplified example of the adjusting amount procedure can be found in the study by Myerson et al. (2003).”
Psychophysics of time perception and intertemporal choice models (2008, background): “Substance misuse and addiction are associated with impulsivity in intertemporal choice (a large time discount rate) [1–5,9,6–12, 15–17].”
Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting (2011, background): “The psychological literature has dealt with comparisons of highly reduced forms of discounting functions for delay and probability, ignoring utility curvature, and finds a positive correlation between both types of discounting (Rachlin et al. 1991; Myerson et al. 2003).”