Both collection risk and waiting costs give rise to the behavioral constellation of deprivation
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Published on: October 16, 2012
Hugo Mell1, Nicolas Baumard2, Jean-Baptiste André3
1Evolution and Social Cognition Group,Laboratoire de Neurosciences Cognitives (LNC),Département d'Etudes Cognitives,Ecole Normale Supérieure,PSL Research University,F-75005 Paris,France.hugo.mell@ens.frhttp://iec-esc.ens.fr/.
Abstract:
Pepper & Nettle explain the behavioral constellation of deprivation (BCD) in terms of differences in collection risk (i.e., the probability of collecting a reward after some delay) between high- and low-socioeconomic-status (SES) populations. We argue that a proper explanation should also include the costs of waiting per se, which are paid even when the benefits are guaranteed.
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