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Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point.


ABSTRACT: Typical research on intertemporal choice utilizes a two-alternative forced choice (2AFC) paradigm requiring participants to choose between a smaller sooner and larger later payoff. In the adjusting-amount procedure (AAP) one of the alternatives is fixed and the other is adjusted according to particular choices made by the participant. Such a method makes the alternatives unequal in status and is speculated to make the fixed alternative a reference point for choices, thereby affecting the decision made. The current study shows that fixing different alternatives in the AAP influences discount rates in intertemporal choices. Specifically, individuals' (N = 283) choices were affected to just the same extent by merely fixing an alternative as when choices were preceded by scenarios explicitly imposing reference points.

SUBMITTER: Sawicki P 

PROVIDER: S-EPMC5074525 | biostudies-literature | 2016

REPOSITORIES: biostudies-literature

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Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point.

Sawicki Przemysław P   Białek Michał M  

PloS one 20161021 10


Typical research on intertemporal choice utilizes a two-alternative forced choice (2AFC) paradigm requiring participants to choose between a smaller sooner and larger later payoff. In the adjusting-amount procedure (AAP) one of the alternatives is fixed and the other is adjusted according to particular choices made by the participant. Such a method makes the alternatives unequal in status and is speculated to make the fixed alternative a reference point for choices, thereby affecting the decisio  ...[more]

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