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The phenomenon in which the value of a reward decreases as the time delay until its receipt increases.
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Temporal discounting refers to the phenomenon in which the subjective value of some reward loses its magnitude when the given reward is delayed (see [2]). Similar to the notion of “delayed gratification,” relatively high degrees of discounting are synonymous with impulsivity. On the contrary, when individuals demonstrate a sustained interest and motivation in a delayed reward, they are said to have less discounting, and thereby more self-control. Temporal discounting may be measured via two assessment methods: (1) hypothetical choice trials or (2) choices with deliverable outcomes. During hypothetical choice trials, individuals are presented with the option between a hypothetical smaller sooner reward (e.g., $5 now) and some larger delayed alternative (e.g., $10 in a week). These hypothetical choices...
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© 2011 Springer Science+Business Media, LLC
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Reed, D.D., Luiselli, J.K. (2011). Temporal Discounting. In: Goldstein, S., Naglieri, J.A. (eds) Encyclopedia of Child Behavior and Development. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-79061-9_3162
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DOI: https://doi.org/10.1007/978-0-387-79061-9_3162
Publisher Name: Springer, Boston, MA
Print ISBN: 978-0-387-77579-1
Online ISBN: 978-0-387-79061-9
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