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Delay Discounting and Preference Reversals by Cigarette Smokers

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Abstract

Introduction

Quit attempts made by smokers that result in relapse to smoking are conceptualized in behavioral economics as preference reversals, in which preference for a larger–later outcome switches to preference for a smaller–sooner outcome. Though preference reversals are predicted by models of delay discounting, we are aware of no human research that has explicitly established that rate of delay discounting is associated with preference reversals. The present study attempted to establish this connection.

Method

Assessments of delay discounting of hypothetical money rewards at two magnitudes ($50, $1000) were examined for forty-five smokers, as well as a novel preference reversal task designed to determine when a preference reversal would occur for the same amounts of hypothetical money. Results from the preference reversal task were used to classify participants as predicted high, moderate, and low discounters, and rates of delay discounting were compared between these classifications at each magnitude.

Results

Statistically significant differences were observed between predicted high and low discounters in both magnitude conditions, and between predicted high and moderate discounters in the $1000 magnitude condition. Correlations between delay discounting and preference reversal amongst moderate discounters, though in the predicted direction, did not reach statistical significance.

Discussion

The overall pattern of results are consistent with the indication that rate of delay discounting is associated with the timing of preference reversals.

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Notes

  1. Exponential discounting combined with the magnitude effect can also explain preference reversals (Green & Myerson, 2003; Noor, 2011).

  2. Determined by examining the distribution of indifference points from the $50, 1-week delay condition.

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Author Note

This research was funded by NIDA grant R01 DA11692. The authors have no conflicts of interest. The authors would like to acknowledge Kayla N. Tormohlen for her assistance with manuscript preparation.

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Correspondence to Richard Yi.

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This study was funded by NIDA grant R01 DA11692.

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All authors declare that they have no conflicts of interest.

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All procedures were in accordance with the ethical standards of the University of Maryland IRB and with the 1964 Helsinki declaration and its later amendments or comparable ethical standards.

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Informed consent was obtained from all individual participants included in the study.

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Yi, R., Matusiewicz, A.K. & Tyson, A. Delay Discounting and Preference Reversals by Cigarette Smokers. Psychol Rec 66, 235–242 (2016). https://doi.org/10.1007/s40732-016-0165-4

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