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Related Experiment Video

Updated: Mar 23, 2026

Measuring Delay Discounting in Humans Using an Adjusting Amount Task

Measuring Delay Discounting in Humans Using an Adjusting Amount Task

Published on: January 9, 2016

The Contrast Effect in Temporal and Probabilistic Discounting.

Cheng Chen¹, Guibing He¹

¹Department of Psychology and Behavioral Sciences, Zhejiang University Hangzhou, China.

Frontiers in Psychology

|March 26, 2016

Summary

This summary is machine-generated.

Messages about long-term events make delays and uncertainty feel closer, reducing value discounting. This suggests psychological distance influences how we perceive and value time and probability.

Keywords:

contrast effect decision by sampling probabilistic discounting psychological distance temporal discounting

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Area of Science:

Cognitive Psychology
Behavioral Economics
Decision Science

Background:

Modern life presents constant information about time and uncertainty.
Daily decisions often involve temporal delays or probabilistic outcomes.
Understanding how this information affects decision-making is crucial.

Purpose of the Study:

To investigate the influence of contextual messages on temporal and probabilistic discounting.
To explore the roles of decision by sampling (DbS) theory and psychological distance theory.
To determine if psychological distance mediates the impact of contextual messages on value discounting.

Main Methods:

Two studies were conducted to examine the effects of contextual messages.
Study 1 focused on temporal discounting, while Study 2 focused on probabilistic discounting.
Participants were exposed to messages about different timeframes and probabilities.

Main Results:

Memorizing messages about long-term/low-probability events led to perceptions of closer delay/uncertainty.
Participants exposed to long-term/low-probability messages showed less value discounting.
A sense of psychological distance mediated the relationship between contextual messages and value discounting.

Conclusions:

Contextual information significantly influences temporal and probabilistic discounting.
Psychological distance plays a key role in mediating these effects.
Findings have implications for understanding decision-making under uncertainty and delay.