Temporal discounting and preference reversals in choice between delayed outcomes

Subjects chose between pairs of hypothetical amounts of money available after different delays. When smaller, more immediate amounts were selected over larger, more delayed amounts, the addition of a constant delay to both outcomes resulted in reversals of preference, contrary to the standard discounted utility model of economics. The delays at which preference reversed were determined for three pairs of amounts ($20 vs. $50, $100 vs. $250, and $500 vs. $1,250). The relation between the delay to the larger amount and the delay to the smaller amount at preference reversal was well fit by both linear and quadratic functions. Intercepts increased with amount, strongly suggesting that rate of discounting decreases with amount. The presence of significant negative curvature in the data from the majority of individual subjects poses problems for exponential and hyperbolic models of temporal discounting in self-control, both of which predict a linear relation between the delays to the larger and smaller amounts.     

Book reviews

Darwin's Dangerous Idea, Daniel C. Dennett, 1995. London, Penguin. 587 pp., hbk £25, ISBN: 0–713–99090–2

Verificationism: Its History and Prospects, C. J. Misak, 1995. London and New York, Routledge. xviii + 254 pp. ISBN: 0–415–12597–9(hbk); 0–415–12598–7(pbk)

Abductive Inference: Computation, Philosophy, Technology, John R. Josephson & Susan G. Josephson (Eds), 1994. Cambridge, Cambridge University Press 306 pp.

Physics and Metaphysics. Theories of Space and Time, Jennifer Trusted, 1994. London, Routledge 210 pp.     

Boundary regulation in family and personal systems: Perceptions of late adolescents

Examination of boundary regulation can provide family therapists with a framework to describe both the functioning of family systems and personal systems (i.e., the intrapsychic functioning of individual family members). In the present study, late adolescents' perceptions of boundary regulation within their family systems (i.e., ratings of family health, communication, leadership, expressiveness, cohesion, and family conflict) were related to regulation of their personal boundaries (i.e., self-reported personal competence, distress, and patterns of defense mechanism use). In addition, personal system variables reliably discriminated between adolescents who described their families as psychologically healthy versus psychologically unhealthy.     

Developmental constraints associated with children's use of the keyword method of foreign language vocabulary learning

Second- and sixth-grade (ages 7 and 11 years, respectively) subjects were instructed to learn simple Spanish vocabulary nouns using the keyword method. To remember a foreign word translation the keyword method user must: (1) associate the foreign word to an English word (the keyword) that sounds like part of the foreign word; and (2) remember an image of the keyword and translation referents interacting. Second-grade keyword users who were provided with interactive pictures remembered more vocabulary items than those who generated their own imagery links when given separate pictures of the keyword and translation referents. Second graders who generated their own linking images when given only the keywords and translation words recalled fewer items than both picture groups, and were not significantly different from control subjects. Sixth graders in the three imagery-link variations performed at comparable levels and better than control subjects. The results are in complete accord with previous speculations about the development of imagery strategies in children.     

Self-esteem,need gratification,and work satisfaction: A test of competing explanations from consistency theory and self-enhancement theory

A sample of 112 administrators provided self-report data used to test two hypotheses derived from Korman's consistency model of work behavior. As predicted, those with high self-esteem experienced significantly greater need gratification than did those with low self-esteem, and self-esteem also significantly positively moderated the relationship between n gratification and work satisfaction. Need gratification was assessed for only those needs that were most salient for each person, thus eliminating a rival interpretation of the findings derived from the self-enhancement model of self-esteem. The moderating effect of self-esteem on the n gratification-work satisfaction relationship was limited to those experiencing low levels of n gratification, indicating a possible “boundary condition” of consistency theory. A problem with the use of moderator variables in behavioral science was also discussed.     

A stochastic multidimensional scaling procedure for the empirical determination of convex indifference curves for preference/choice analysis

The vast majority of existing multidimensional scaling (MDS) procedures devised for the analysis of paired comparison preference/choice judgments are typically based on either scalar product (i.e., vector) or unfolding (i.e., ideal-point) models. Such methods tend to ignore many of the essential components of microeconomic theory including convex indifference curves, constrained utility maximization, demand functions, et cetera. This paper presents a new stochastic MDS procedure called MICROSCALE that attempts to operationalize many of these traditional microeconomic concepts. First, we briefly review several existing MDS models that operate on paired comparisons data, noting the particular nature of the utility functions implied by each class of models. These utility assumptions are then directly contrasted to those of microeconomic theory. The new maximum likelihood based procedure, MICROSCALE, is presented, as well as the technical details of the estimation procedure. The results of a Monte Carlo analysis investigating the performance of the algorithm as a number of model, data, and error factors are experimentally manipulated are provided. Finally, an illustration in consumer psychology concerning a convenience sample of thirty consumers providing paired comparisons judgments for some fourteen brands of over-the-counter analgesics is discussed.