Accession Number : ADA301353

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

Descriptive Note : Final rept. Aug 89-Jul 92,

Corporate Author : PURDUE RESEARCH FOUNDATION LAFAYETTE IN

Personal Author(s) : Stevenson, Mary K.

PDF Url : ADA301353

Report Date : OCT 1995

Pagination or Media Count : 100

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.

Descriptors :   *DECISION MAKING, UNCERTAINTY, IMPACT, COGNITION, THEORY, RESPONSE, LEARNING.

Subject Categories : Psychology

Distribution Statement : APPROVED FOR PUBLIC RELEASE