Delay Discounting of Different Commodities

When outcomes are delayed, their value is decreased. Delay discounting is a much-studied topic because it is correlated with certain disorders (e.g., pathological gambling). The present study attempts to determine how people would delay discount a number of different commodities, ranging from money...

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Bibliographic Details
Published in:The Journal of general psychology 2010-07, Vol.137 (3), p.273-286
Main Authors: Weatherly, Jeffrey N., Terrell, Heather K., Derenne, Adam
Format: Article
Language:English
Subjects:
Adolescent
Area Under Curve
Behavior
Biological and medical sciences
Choice Behavior
Cigarettes
Cognition. Intelligence
college sample
Commodities
delay discounting
Discounts
Drug abuse
factor analysis
Factor Analysis, Statistical
Female
Fundamental and applied biological sciences. Psychology
Gambling
Humans
Male
Medical research
Miscellaneous
Models, Psychological
Personal health
Psychology. Psychoanalysis. Psychiatry
Psychology. Psychophysiology
Studies
Young Adult
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Summary:When outcomes are delayed, their value is decreased. Delay discounting is a much-studied topic because it is correlated with certain disorders (e.g., pathological gambling). The present study attempts to determine how people would delay discount a number of different commodities, ranging from money to dating partners to federal education legislation. Participants completed delay discounting tasks pertaining to 5 different commodities, with a different set of 5 commodities for 2 groups. Results showed that different commodities were often discounted differently. Both data sets were also subjected to factor analysis. A 2-factor solution was found for both, suggesting that there are multiple "domains" of commodities. This finding is of interest because it suggests that measuring delay discounting for one commodity within a particular domain of commodities will be predictive of how people discount other commodities within that domain but will not be predictive of how they discount commodities within another domain.
ISSN:0022-1309
1940-0888
DOI:10.1080/00221309.2010.484449