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Measuring Delay Discounting in Humans Using an Adjusting Amount Task
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Comparing delay discounting rates when using the fill-in-the-blank and multiple-choice methods.

Jeffrey N Weatherly1, Adam Derenne

  • 1a University of North Dakota.

The Journal of General Psychology
|May 20, 2014
PubMed
Summary

Measuring delay discounting is affected by the method used. Different administration methods (fill-in-the-blank vs. multiple-choice) produced different discounting rates and correlations, impacting how we understand decision-making.

Keywords:
delay discountingfill-in-the-blank methodmultiple-choice methoduniversity students

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Area of Science:

  • Behavioral Economics
  • Decision Science
  • Psychology

Background:

  • Delay discounting, the tendency to devalue future rewards, is a key concept in understanding decision-making.
  • Various methods exist to measure delay discounting, but their impact on results is not fully understood.

Purpose of the Study:

  • To investigate how different measurement methods (fill-in-the-blank vs. multiple-choice) affect delay discounting rates.
  • To examine the relationship between hyperbolic discounting and the area under the discounting curve across methods.
  • To explore the factor structure of delay discounting for various outcomes under different administration methods.

Main Methods:

  • University students completed delay-discounting tasks for five distinct outcomes.
  • Tasks were administered using either a fill-in-the-blank (FITB) or multiple-choice (MC) method.
  • Data were analyzed for discounting rates, correlations between hyperbolic discounting and area under the curve, and factor structures.

Main Results:

  • Administration method significantly influenced discounting rates, with effects varying by outcome.
  • FITB method showed significant correlations between hyperbolic discounting and area under the curve; MC method did not.
  • Factor analysis revealed a two-factor solution for FITB data and a one-factor solution for MC data.

Conclusions:

  • Procedural variables, such as the administration method, can profoundly impact delay-discounting data.
  • Findings highlight the need for caution when generalizing delay discounting research due to methodological variations.
  • Further research is required to fully understand the influence of these procedural variables.