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Odum, Amy L. – Journal of the Experimental Analysis of Behavior, 2011
Delay discounting is the decline in the present value of a reward with delay to its receipt. Across a variety of species, populations, and reward types, value declines hyperbolically with delay. Value declines steeply with shorter delays, but more shallowly with longer delays. Quantitative modeling provides precise measures to characterize the…
Descriptors: Personality Traits, Rewards, Predictive Validity, Delay of Gratification