Outcome probability versus magnitude: When waiting benefits one at the cost of the other

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dc.contributor.author Young, Michael E.
dc.contributor.author Webb, Tara L.
dc.contributor.author Rung, Jillian M.
dc.contributor.author McCroy, Anthony W.
dc.date.accessioned 2018-12-03T20:00:34Z
dc.date.available 2018-12-03T20:00:34Z
dc.date.issued 2014-06-03
dc.identifier.uri http://hdl.handle.net/2097/39351
dc.description Citation: Young, M. E., Webb, T. L., Rung, J. M., & McCoy, A. W. (2014). Outcome Probability versus Magnitude: When Waiting Benefits One at the Cost of the Other. PLOS ONE, 9(6), e98996. https://doi.org/10.1371/journal.pone.0098996
dc.description.abstract Using a continuous impulsivity and risk platform (CIRP) that was constructed using a video game engine, choice was assessed under conditions in which waiting produced a continuously increasing probability of an outcome with a continuously decreasing magnitude (Experiment 1) or a continuously increasing magnitude of an outcome with a continuously decreasing probability (Experiment 2). Performance in both experiments reflected a greater desire for a higher probability even though the corresponding wait times produced substantive decreases in overall performance. These tendencies are considered to principally reflect hyperbolic discounting of probability, power discounting of magnitude, and the mathematical consequences of different response rates. Behavior in the CIRP is compared and contrasted with that in the Balloon Analogue Risk Task (BART).
dc.relation.uri https://doi.org/10.1371/journal.pone.0098996
dc.rights Attribution 4.0 International (CC BY 4.0)
dc.rights.uri http://creativecommons.org/licenses/by/4.0/
dc.subject Video Games
dc.subject Impulsivity
dc.subject Weapons
dc.subject Behavior
dc.subject Decision Making
dc.subject Experimental Design
dc.title Outcome probability versus magnitude: When waiting benefits one at the cost of the other
dc.type Text
dc.date.published 2014
dc.citation.doi 10.1371/journal.pone.0098996
dc.citation.issn 1932-6203
dc.citation.issue 6
dc.citation.jtitle PLOS ONE
dc.citation.volume 9
dc.citation Young, M. E., Webb, T. L., Rung, J. M., & McCoy, A. W. (2014). Outcome Probability versus Magnitude: When Waiting Benefits One at the Cost of the Other. PLOS ONE, 9(6), e98996. https://doi.org/10.1371/journal.pone.0098996
dc.description.version Article:Version of Record (VOR)


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