Decision-Making With Long-Term Consequences: Temporal Discounting for Single and Multiple Outcomes in the Future.

Abstract

The consequences of a decision may be characterized as positive or negative, certain or uncertain, and as immediate or deferred. The first two attributes have been studied extensively. The impact of future consequences has received much less attention and is the focus of the current studies. Although temporal discounting is expected, by most normative models, to occur as a function of time, an impirical comparison of the discounting function, applied to singular and multiple outcomes described in this paper, contradicts this expectation in one domain.

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Document Details

Document Type
Technical Report
Publication Date
Oct 01, 1995
Accession Number
ADA301353

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  • Mary K. Stevenson

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  • Purdue Research Foundation

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