The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
DISCOUNTING OF DELAYED REWARDS: MODELS OF INDIVIDUAL CHOICE
Open accessAbstract
The present paper addresses the question of the form of the mathematical relation between the time until a delayed reward and its present value. Data are presented from an experiment in which subjects chose between hypothetical amounts of money available either immediately or after a delay (Green, Fry, & Myerson, 1994). Analyses of the behavior of individual young adults demonstrated that temporal discounting is better described by hyperbola‐like functions than by exponential decay functions. For most individuals, the parameter that determines the rate of discounting varied inversely with amount. Raising the denominator of the discounting function to a power resulted in better descriptions of the data from most subjects. Two possible derivations of the temporal discounting function are proposed, a repeated choice model and an expected value model. These provide theoretical interpretations for amount‐dependent discounting but amount‐independent exponent parameters.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Specious reward: A behavioral theory of impulsiveness and impulse control.
Ainslie, G. (1975) · Psychological Bulletin · doi:10.1037/h0076860 · Cited by 2,708 · cited 1×
“Rachlin and Green (1972) and Ainslie (1975) suggesled that a reciprocal relation betW~~n value and delay (i.e., V - AI D) could account for preference r~rsa1s. thereby l.ak.ing th~ empirical approach characteristic of most subsequent psychological research on discounting.”
BackgroundON TWO TYPES OF DEVIATION FROM THE MATCHING LAW: BIAS AND UNDERMATCHING 1
Baum, W. M. (1974) · Journal of the Experimental Analysis of Behavior · doi:10.1901/jeab.1974.22-231 · Cited by 1,460
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
Discounting of Delayed Rewards: A Life-Span Comparison
Green, L., Fry, A. F., & Myerson, J. (1994) · Psychological Science · doi:10.1111/j.1467-9280.1994.tb00610.x · Cited by 1,165
Self-citation
Cited by
Acceptance and commitment therapy: model, processes and outcomes
Hayes, S. C., Luoma, J. B., Bond, F. W., Masuda, A., & Lillis, J. (2006) · Behaviour Research and Therapy · doi:10.1016/j.brat.2005.06.006 · Cited by 6,587
Empathy: its ultimate and proximate bases
Preston, S. D., & de Waal, F. B. M. (2002) · Behavioral and Brain Sciences · doi:10.1017/s0140525x02000018 · Cited by 4,126
Trope, Y., & Liberman, N. (2003) · Psychological Review · doi:10.1037/0033-295x.110.3.403 · Cited by 3,006
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 1,505
Self-citation
Metadata
- Authors
- Myerson, J., & Green, L.
- Venue
- Journal of the Experimental Analysis of Behavior
- Publisher
- Wiley
- Published
- 1995-11
- Volume
- 64
- Issue
- 3
- Pages
- 263-276
- ISSN
- 0022-5002 (ISSN-L)
- 1938-3711
- OpenAlex
- W2054126570
- Cited by
- 841
- References
- 4
- FWCI
- 5.79
- Type
- journal article
- Language
- en
- Open access
- bronze
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: DISCOUNTING OF DELAYED REWARDS: MODELS OF INDIVIDUAL CHOICE. https://app.cochat.ai/papers/10.1901/jeab.1995.64-263
- The paper
- Myerson, J., & Green, L. (1995). DISCOUNTING OF DELAYED REWARDS: MODELS OF INDIVIDUAL CHOICE. Journal of the Experimental Analysis of Behavior. https://doi.org/10.1901/jeab.1995.64-263
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
