Available Studies
MAP, MARS, Clinical Core
Categories
Decision Making and Behavioral Economics, Affect and Personality
Temporal discounting rate - large stakes is a measure of the tendency to discount future rewards and take an immediate but smaller payoff over waiting for a later but larger one. Temporal discounting tendency was estimated for both large and small stakes--this is the large stakes variable (i.e., the questions refer to larger amounts of money). The current payment is fixed at $1000 and the delay period is fixed at one year for all questions. Higher score means a participant is less likely to wait for a later but larger reward.
To estimate the subject specific discounting rate, we use a well-established hyperbolic function based on the odds of choosing the delayed reward over the immediate reward at different values. See reference for details.
Participants are asked the following questions:
Would you prefer $1000 in cash right now or [insert 1-5 from below] in a year?