Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point.
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 particu...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2016-01-01
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| Series: | PLoS ONE |
| Online Access: | http://europepmc.org/articles/PMC5074525?pdf=render |
| _version_ | 1818922238687051776 |
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| author | Przemysław Sawicki Michał Białek |
| author_facet | Przemysław Sawicki Michał Białek |
| author_sort | Przemysław Sawicki |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-20T01:50:22Z |
| format | Article |
| id | doaj.art-84a5d3e7beb94c2cbe3b03bc8bc32045 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-12-20T01:50:22Z |
| publishDate | 2016-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-84a5d3e7beb94c2cbe3b03bc8bc320452022-12-21T19:57:39ZengPublic Library of Science (PLoS)PLoS ONE1932-62032016-01-011110e016524510.1371/journal.pone.0165245Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point.Przemysław SawickiMichał BiałekTypical 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.http://europepmc.org/articles/PMC5074525?pdf=render |
| spellingShingle | Przemysław Sawicki Michał Białek Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point. PLoS ONE |
| title | Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point. |
| title_full | Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point. |
| title_fullStr | Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point. |
| title_full_unstemmed | Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point. |
| title_short | Side Effects in Time Discounting Procedures: Fixed Alternatives Become the Reference Point. |
| title_sort | side effects in time discounting procedures fixed alternatives become the reference point |
| url | http://europepmc.org/articles/PMC5074525?pdf=render |
| work_keys_str_mv | AT przemysławsawicki sideeffectsintimediscountingproceduresfixedalternativesbecomethereferencepoint AT michałbiałek sideeffectsintimediscountingproceduresfixedalternativesbecomethereferencepoint |