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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In the citing paper
“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
Citations
Cites
Delay of gratification in children.
Mischel, W., Shoda, Y., & Rodriguez, M. L. (1989) · Science · doi:10.1126/science.2658056 · Cited by 3,397
Some empirical evidence on dynamic inconsistency
Thaler, R. H. (1981) · Economics Letters · doi:10.1016/0165-1765(81)90067-7 · Cited by 2,282
An adjusting procedure for studying delayed reinforcement.
Commons, M. L., Mazur, J., Nevin, J. A., & Rachlin, H. C. (1987) · doi:10.4324/9781315825502-11 · Cited by 1,842
SUBJECTIVE PROBABILITY AND DELAY
Rachlin, H., Raineri, A., & Cross, D. (1991) · Journal of the Experimental Analysis of Behavior · doi:10.1901/jeab.1991.55-233 · Cited by 1,341
COMMITMENT, CHOICE AND SELF‐CONTROL1
Rachlin, H., & Green, L. (1972) · Journal of the Experimental Analysis of Behavior · doi:10.1901/jeab.1972.17-15 · Cited by 1,204
Self-citationDiscount rates inferred from decisions: an experimental study
Benzion, U., Israel, H., Rapoport, A., & Yagil, J. (1987) · Management Science · doi:10.1287/mnsc.35.3.270 · Cited by 967
Research on self-control: An integrating framework
Logue, A. W. (1988) · Behavioral and Brain Sciences · doi:10.1017/s0140525x00053978 · Cited by 792
Ainslie, G. W. (1974) · Journal of the Experimental Analysis of Behavior · doi:10.1901/jeab.1974.21-485 · Cited by 780
Research in experimental economics
(2013) · doi:10.1108/s0193-2306(2013)0000016009 · Cited by 424
Preference reversal and self control: choice as a function of reward amount and delay
Green, L., Fisher, E. B., Perlow, S., & Sherman, L. (1981) · Cited by 335
Self-citation
Research works printed but not linked: 3
- Green L Fisher E.B., 1981, Behaviour Analysis Letters, 1, 43
- Mazur J.E., 1987, Quantitative analyses of behavior Vol 5 The effect of delay and of in tervening events on reinforcement value, 55
- Rachlin H., 1989, Judgment decision and choice
Cited by
Sorted by citations
Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,106
Steel, P. (2007) · Psychological bulletin · doi:10.1037/0033-2909.133.1.65 · Cited by 3,417
The somatic marker hypothesis: A neural theory of economic decision
Bechara, A., & Damasio, A. R. (2005) · Games and Economic Behavior · doi:10.1016/j.geb.2004.06.010 · Cited by 1,986
A Discounting Framework for Choice With Delayed and Probabilistic Rewards.
Green, L., & Myerson, J. (2004) · Psychological Bulletin · doi:10.1037/0033-2909.130.5.769 · Cited by 1,676
Self-citationAREA UNDER THE CURVE AS A MEASURE OF DISCOUNTING
Myerson, J., Green, L., & Warusawitharana, M. (2001) · Journal of the Experimental Analysis of Behavior · doi:10.1901/jeab.2001.76-235 · Cited by 1,545
Self-citation
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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