Variable Details

Available Studies

ROS, MAP, MARS, Clinical Core

Scaled? 

Not Scaled

Variable Type 

Longitudinal

Variable Name 

large_alpha

Categories

Decision Making and Behavioral Economics, Affect and Personality

Temporal discounting - large stakes
Temporal discounting tendency for large stakes

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?

  1. $1200
  2. $1100
  3. $2200
  4. $3000
  5. $1500

Publications