Valuing the future at different temporal points: The role of time framing on discounting

Hugo E. Reyes‐Huerta; Elias Robles; Cristiano V. dos Santos

doi:10.1002/jeab.871

journal article Jun 16, 2023

Valuing the future at different temporal points: The role of time framing on discounting

Hugo E. Reyes‐Huerta

Elias Robles Cristiano V. dos Santos

Journal of the Experimental Analysis of Behavior Vol. 120 No. 2 pp. 214-227 · Wiley

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Abstract

AbstractThe rate of delay discounting exhibited by individuals has been experimentally altered by manipulating the way in which time is described, a specific application of the framing effect. Previous research suggests that using specific dates to describe delays tends to lower temporal discounting and change the shape of the discounting function. The main purpose of this study was to assess the influence of framing on discounting in different temporal contexts. Participants chose between hypothetical monetary gains (gains group), or between hypothetical monetary losses (losses group). Each group completed eight discounting tasks over two sessions (two choice tasks [SmallNow/SmallSoon] by two time frames [dates/calendar units] by two magnitudes. The results indicate that Mazur's model adequately described the observed discounting functions in most conditions. However, the decrease in discounting rate when both consequences were delayed only occurred when calendar units (but not dates) were used for both gains and losses. These findings suggest that framing affects the influence of a shared delay instead of changing the shape of the discounting function. Our results support the idea that time influences behavior similarly in humans and nonhumans when they choose between two delayed consequences.

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Details

Published: Jun 16, 2023
Vol/Issue: 120(2)
Pages: 214-227
License: View

Authors

H

Hugo E. Reyes‐Huerta

CONACyT—Autonomous University of Aguascalientes Aguascalientes México

E

Elias Robles

Arizona State University Glendale AZ USA

C

Cristiano V. dos Santos

University of Guadalajara Guadalajara Mexico

Funding

Consejo Nacional de Ciencia y Tecnología Award: 281949

Cite This Article

Hugo E. Reyes‐Huerta, Elias Robles, Cristiano V. dos Santos (2023). Valuing the future at different temporal points: The role of time framing on discounting. Journal of the Experimental Analysis of Behavior, 120(2), 214-227. https://doi.org/10.1002/jeab.871

Valuing the future at different temporal points: The role of time framing on discounting

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