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Related Experiment Videos

Impulsive decision making and working memory.

John M Hinson1, Tina L Jameson, Paul Whitney

  • 1Department of Psychology, Washington State University, Pullman 99164-4820, USA. hinson@mail.wsu.edu

Journal of Experimental Psychology. Learning, Memory, and Cognition
|April 17, 2003
PubMed
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Working memory (WM) limits impair decision-making, increasing impulsive choices. Higher WM load and executive function deficits predict greater discounting of future rewards, impacting financial decisions.

Area of Science:

  • Cognitive Psychology
  • Neuroscience
  • Behavioral Economics

Background:

  • Impulsive decision-making, characterized by favoring short-term over long-term consequences, is termed temporal myopia.
  • Individual differences in executive functions, particularly working memory (WM), may underlie these temporal myopia tendencies.

Purpose of the Study:

  • To investigate the relationship between working memory (WM) capacity and delay discounting (DD) behavior.
  • To examine how working memory load and individual differences in impulsiveness and executive function influence decisions involving delayed rewards.

Main Methods:

  • Four experiments were conducted, manipulating WM load during delay discounting (DD) judgments.
  • Participants were assessed on standardized measures of impulsiveness and dysexecutive function.

Related Experiment Videos

  • Monetary rewards were varied between hypothetical and real to assess impact on DD.
  • Main Results:

    • Increased WM load significantly enhanced the discounting of delayed monetary rewards.
    • A robust positive correlation was observed between measures of impulsiveness, dysexecutive function, and DD.
    • These findings held true even when using real monetary rewards.

    Conclusions:

    • Limitations in working memory (WM) function, whether inherent or induced, are strong predictors of an impulsive decision-making style.
    • Executive functions, including WM, play a critical role in modulating temporal discounting and long-term value assessment.