The Evaluation of Long Range Consequences in DDecision Making
Abstract
The purpose of this research program is to develop a general model of how individuals make decisions that involve temporally remote or long range consequences. The primary focus of this project is to define the form of the subjective time scales as they vary across situations and individuals, to define the type of discounting operation that is used to qualify incentives when they occur in the future, and to test the way that these processes can be analyzed using different tasks or response measures. A measurement model has been used as a framework for investigating the way subjects respond to long-term positive and negative consequences. All five of the experiments described in the proposal were completed. This summary report will provide and overview of the progress made toward the objectives defined for this phase of the research program. Keywords: Temporal discounting, Discounting operation, Response functioning, Subjective scale values, Basis splines.
Document Details
- Document Type
- Technical Report
- Publication Date
- Aug 01, 1990
- Accession Number
- ADA226949
Entities
People
- Mary K. Stevenson-busemeyer
Organizations
- Purdue University