The DOI matches its Crossref record; 19 of the 19 references it cites were found in a registry or an index.
Discounting of Delayed Rewards: A Life-Span Comparison
Abstract
In this study, children, young adults, and older adults chose between immediate and delayed hypothetical monetary rewards The amount of the delayed reward was held constant while its delay was varied All three age groups showed delay discounting, that is, the amount of an immediate reward judged to be of equal value to the delayed reward decreased as a function of delay The rate of discounting was highest for children and lowest for older adults, predicting a life-span developmental trend toward increased self-control Discounting of delayed rewards by all three age groups was well described by a single function with age-sensitive parameters (all R 2 s > 94) Thus, even though there are quantitative age differences in delay discounting, the existence of an age-invariant form of discount function suggests that the process of choosing between rewards of different amounts and delays is qualitatively similar across the life span
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“While the extent to which delayed rewards are discounted decreases over the lifespan (Green, Fry, & Myerson, 1994)”
From Changing Delay Discounting and Impulsive Choice: Implications for Addictions, Prevention, and Human Health (2019) · cites this paper as Green, Fry, & Myerson, 1994
In the citing paper
“which might suggest that, over time, nicotine increases delay discounting,188 especially given that this result is opposite of what might be expected based on the fact that younger people tend to exhibit higher delay discounting than older people.189”
From Early life adversity and health-risk behaviors: Proposed psychological and neural mechanisms (2018) · cites this paper as [189]
In the citing paper
“Delay discounting generally decreases between young childhood and adulthood, meaning children tend to choose a smaller immediate reward over a larger delayed reward (Christakou et al., 2011; de Water et al., 2014; Green et al., 1994; Olson et al., 2007; Scheres et al., 2006; Steinberg et al., 2009).”
From Does puberty mark a transition in sensitive periods for plasticity in the associative neocortex? (2017) · cites this paper as Green et al., 1994
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Metadata
- Authors
- Green, L., Fry, A. F., & Myerson, J.
- Affiliations
- Washington University in St. Louis (US)
- Venue
- Psychological Science
- Publisher
- SAGE Publications
- Published
- 1994-01
- Volume
- 5
- Issue
- 1
- Pages
- 33-36
- ISSN
- 0956-7976 (ISSN-L)
- 1467-9280
- OpenAlex
- W2131954887
- Cited by
- 1,165
- References
- 19
- Citations by year
- 2026: 19 · 2025: 40 · 2024: 28 · 2023: 32 · 2022: 34 · 2021: 51 · 2020: 90 · 2019: 42 · 2018: 53 · 2017: 54 · 2016: 61 · 2015: 65 · 2014: 55 · 2013: 46 · 2012: 62
- FWCI
- 28.67
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Psychological Science (publishedVersion)
- Topics
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Life Sciences › Neuroscience › Cognitive Neuroscience › Neural and Behavioral Psychology Studies
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
- Keywords
- delay discounting, delayed rewards, lifespan development, self-control, age differences, children, young adults, older adults, monetary rewards
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