Delay discounting of real and hypothetical rewards.

By G. Madden, Andrea M. Begotka, B. Raiff, Lana L Kastern. Experimental and clinical psychopharmacology, 2003

647 citations recorded by the source corpus.

Subfields: Cognitive Neuroscience, Developmental and Educational Psychology, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/e8b4ecc80e5c01b5bd7819306f60fa317e003ab9

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In Cognitive Neuroscience

In Developmental and Educational Psychology

In General Decision Sciences

Citations in the corpus

A delay-discounting primer. (2010, methodology): “Comparisons between this procedure and one in which all rewards were purely hypothetical revealed no differences in rate of delay discounting (Johnson & Bickel, 2002; Madden et al., 2003).”
Bikinis Instigate Generalized Impatience in Intertemporal Choice (2008, background): “Although the use of real rewards is desirable for obvious reasons, there is, as of yet, no clear evidence that hypothetical rewards are discounted differently from real rewards (Johnson and Bickel 2002; Lagorio and Madden 2005; Madden et al. 2003, 2004).”
A discounting framework for choice with delayed and probabilistic rewards. (2004, methodology): “Moreover, the few studies comparing discounting of real and hypothetical rewards in the same participants (Baker et al., 2003; Johnson & Bickel, 2002; Madden et al., 2003) have reported no significant quantitative differences in discounting rate, although it may be too early to reach a firm conclusi”
A review of delay-discounting research with humans: relations to drug use and gambling (2006, background): “Several withinsubject comparisons between hypothetical and realreward approaches have found no systematic variability on the basis of measurement type (e.g. Johnson and Bickel, 2002; Madden et al., 2003; Lagorio and Madden, 2005); and this also has been observe among drug-using populations (Baker et”
The Economics and Psychology of Personality Traits (2008, neutral): “Johnson and Bickel (2002) and Madden et al. (2003) find no within-subject effect of reward type on discount rates, but Kirby (1997) finds higher discount rates for real rewards vs. hypothetical ones. Even when rewards are real, choosing the delayed reward in discount rate procedures does not require”
Decision making, impulsivity and time perception. (2008, background): “The temporal discounting pattern has repeatedly been described as following a hyperbolic function, meaning that after an initial steep decline of the subjective reward with increasing delays, even very remote outcomes retain some (albeit minute) value for the decision maker [1,14, 15 ].”
Impatience, Incentives and Obesity (2015, neutral): “However, at least in the domain of time preferences, several studies have demonstrated no di¤erence in responses between real and hypothetical decisions (Johnson and Bickel, 2002; Madden et al., 2003).”
Real and hypothetical rewards in self-control and social discounting (2011, background): “With delayed rewards, this problem is usually avoided by randomly selecting only one of the answered questions and, if a delayed reward had been chosen, sending the reward to the participant by mail at the specified time (Madden et al., 2003).”
Delay discounting: I'm a k, you're a k. (2011, background): “Across a variety of populations, species, and rewards (e.g., Bickel et al., 1999; Johnson & Bickel, 2002; Madden et al., 2003; Mazur, 1987; Mazur & Biondi, 2009), Equation 1 accounts for more variance in delay discounting data as compared to an exponential model historically favored by economists…”
Age differences in future orientation and delay discounting. (2009, background): “Researchers find that discount functions are not significantly different for real as compared to hypothetical rewards, which underscores the relevance of the delay task to actual decision making (e.g., Johnson & Bickel, 2002; Lagorio & Madden, 2005; Madden, Begotka, Raiff, & Kastern, 2003 ).”