On Four Types of Devaluation of Outcomes Due to Their Costs: Delay, Probability, Effort, and Social Discounting
Discounting refers to decreases in the subjective value of an outcome with increases in some attribute of that outcome. The attributes most commonly studied are delay and probability, with far less research on effort and social discounting. Although these attributes all represent costs that reduce s...
Main Authors: | , , , |
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Format: | Article |
Language: | English |
Published: |
Springer International Publishing
2019
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Subjects: | |
Online Access: | View Fulltext in Publisher |