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Twenty-six commentators from several disciplines have written on the assumption that choice is determined by comparative valuation in a common denominator of reward, the “competitive marketplace.” There was no apparent disagreement that prospective rewards are discounted hyperbolically, although som...

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Veröffentlicht in:The Behavioral and brain sciences 2021-04, Vol.44, p.e57-e57, Article e57
1. Verfasser: Ainslie, George
Format: Artikel
Sprache:eng
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Zusammenfassung:Twenty-six commentators from several disciplines have written on the assumption that choice is determined by comparative valuation in a common denominator of reward, the “competitive marketplace.” There was no apparent disagreement that prospective rewards are discounted hyperbolically, although some found that the resulting predictions could come just as well from other models, including the interpretation of delay as risk and analysis in terms of hot versus cold valuation systems. Several novel ideas emerged.
ISSN:0140-525X
1469-1825
DOI:10.1017/S0140525X21000029