Gambling and Delay Discounting in Japanese Students

The present study examined the relationship between gambling behavior and delay discounting with Japanese residents. Japanese university students were selected into pathological gambler and non‐gambling control groups using a Japanese version of the South Oaks Gambling Screen. In a discounting task, participants chose individually between a large delayed reward and a smaller immediate reward with varied delays. The discounting rate (k‐value) and the area under the curve were significantly higher and smaller, respectively, for the gambler group than for the control group. These findings show that Japanese gamblers discount delayed rewards more steeply than non‐gambling controls, as has been found in U.S. residents.     

A Measure of Delay Discounting Within the Academic Domain

It is important to better understand the decision‐making processes involved in student procrastination, in order to develop interventions that reduce this common problem. Students may procrastinate because studying produces delayed reinforcers; however, no task measuring delay discounting of academic outcomes currently exists. In Experiment 1, we developed and piloted a measure of academic discounting modeled on titrating‐amount tasks successfully used in the discounting literature. Participants made hypothetical choices between working for money (the smaller, sooner reinforcer) and working on an assignment that was due at various times (the larger, later reinforcer). Participants showed systematic decreases in the subjective value of the assignment as a function of delay, and the hyperbolic and hyperboloid models described the shape of this decrease in value well. In general, larger delayed rewards are discounted less steeply than smaller delayed rewards (the magnitude effect). In Experiment 2, we observed the magnitude effect in academic discounting: Participants discounted a “not important” assignment more steeply than an “important” assignment. In the hyperboloid model, this change was captured by an increase in the s parameter. Results provide support for the validity of the academic discounting task. Copyright © 2018 John Wiley & Sons, Ltd.     

Delay discounting: Interactions between personality and cognitive ability

Delay discounting describes the extent to which the value of a reward decreases as the delay to obtaining that reward increases. Lower discounting rates predict better outcomes in social, academic, and health domains. The current study investigates how personality and cognitive ability interact to predict individual differences in delay discounting. Extraversion was found to predict higher discounting rates at the low end of the cognitive distribution, while emotional stability was found to predict lower discounting rates at the high end of the cognitive distribution. These findings support recent models of discounting behavior and suggest that personality and cognitive ability interact in shaping decision making.     

Future anhedonia and time discounting

The temporal location of an event influences the way people mentally represent that event. We suggest (a) that such representational differences can produce an affective forecasting error that we call future anhedonia, which is the belief that hedonic states will be less intense in the future than in the present, and (b) that future anhedonia plays a role in time discounting (i.e., the tendency to place a smaller present value on present events than on future events). Experiments 1a and 1b demonstrated that people are prone to future anhedonia, Experiments 2a and 2b ruled out artifactual alternatives, and Experiments 3a and 3b demonstrated that future anhedonia plays a role in time discounting. These studies suggest that one reason why people prefer to enjoy benefits in the present and pay costs in the future is that they do not realize how they will feel when those costs and benefits are actually experienced.     

STEADY-STATE ASSESSMENT OF IMPULSIVE CHOICE IN LEWIS AND FISCHER 344 RATS: BETWEEN-CONDITION DELAY MANIPULATIONS

Previous research has shown that Lewis rats make more impulsive choices than Fischer 344 rats. Such strain-related differences in choice are important as they may provide an avenue for exploring genetic and neurochemical contributions to impulsive choice. The present systematic replication was designed to determine if these findings could be reproduced using a procedure less susceptible to within- or between-session carry-over effects that may have affected previous findings. Specifically, delays to the larger–later food reinforcer were manipulated between conditions following steady-state assessments of choice, and the order of delays across conditions was mixed. The results confirmed previous findings that Lewis rats made significantly more impulsive choices than Fischer 344 rats. Fischer 344 rats' preference for the larger–later reinforcer, on the other hand, was less extreme than reported in prior research, which may be due to carry-over effects inherent to the commonly used technique of systematically increasing delays within session. Previously reported across-strain motor differences were reproduced as Lewis rats had shorter latencies than Fischer 344 rats, although these latencies were not correlated with impulsive choice. Parallels between reduced dopamine function in Lewis rats and clinical reports of impulse-control disorders following treatment of Parkinson patients with selective D2/D3 dopamine agonists are discussed.     

DELAY‐AMOUNT TRADEOFFS IN CHOICES BY PIGEONS AND RATS: HYPERBOLIC VERSUS EXPONENTIAL DISCOUNTING

An adjusting‐delay procedure was used to study the choices of pigeons and rats when both delay and amount of reinforcement were varied. In different conditions, the choice alternatives included one versus two reinforcers, one versus three reinforcers, and three versus two reinforcers. The delay to one alternative (the standard alternative) was kept constant in a condition, and the delay to the other (the adjusting alternative) was increased or decreased many times a session so as to estimate an indifference point—a delay at which the two alternatives were chosen about equally often. Indifference functions were constructed by plotting the adjusting delay as a function of the standard delay for each pair of reinforcer amounts. The experiments were designed to test the prediction of a hyperbolic decay equation that the slopes of the indifference functions should increase as the ratio of the two reinforcer amounts increased. Consistent with the hyperbolic equation, the slopes of the indifference functions depended on the ratios of the two reinforcer amounts for both pigeons and rats. These results were not compatible with an exponential decay equation, which predicts slopes of 1 regardless of the reinforcer amounts. Combined with other data, these findings provide further evidence that delay discounting is well described by a hyperbolic equation for both species, but not by an exponential equation. Quantitative differences in the y‐intercepts of the indifference functions from the two species suggested that the rate at which reinforcer strength decreases with increasing delay may be four or five times slower for rats than for pigeons.     

Foregoing the labor for the fruits: The effect of just world threat on the desire for immediate monetary rewards

Previous theorizing and research suggest that the need to believe in a just world develops when children begin to understand the benefits of foregoing their immediate gratifications for more desirable, long-term outcomes. Drawing on this previous work, we propose that an extant just world threat may induce a desire for smaller, immediate rewards at the expense of larger, delayed rewards. Participants were exposed to the suffering of an innocent or non-innocent victim and then, in a different context, completed a temporal discounting task that assessed, across six time delays, their preferences for smaller, immediate monetary rewards versus a constant, larger, delayed reward. Consistent with our reasoning, participants exposed to the suffering of an innocent versus non-innocent victim more steeply discounted the value of the delayed reward—that is, they were willing to accept smaller immediate rewards in place of the larger, delayed reward. The theoretical and practical implications of these results are discussed.     

Delay discounting of different outcomes: Review and theory

Steep delay discounting is characterized by a preference for small immediate outcomes relative to larger delayed outcomes and is predictive of drug abuse, risky sexual behaviors, and other maladaptive behaviors. Nancy M. Petry was a pioneer in delay discounting research who demonstrated that people discount delayed monetary gains less steeply than they discount substances with abuse liability. Subsequent research found steep discounting for not only drugs, but other nonmonetary outcomes such as food, sex, and health. In this systematic review, we evaluate the hypotheses proposed to explain differences in discounting as a function of the type of outcome and explore the trait- and state-like nature of delay discounting. We found overwhelming evidence for the state-like quality of delay discounting: Consistent with Petry and others' work, nonmonetary outcomes are discounted more steeply than monetary outcomes. We propose two hypotheses that together may account for this effect: Decreasing Future Preference and Decreasing Future Worth. We also found clear evidence that delay discounting has trait-like qualities: People who steeply discount monetary outcomes steeply discount nonmonetary outcomes as well. The implication is that changing delay discounting for one outcome could change discounting for other outcomes.     

Asymmetry of the group context effect on delay discounting

Binary choice delay discounting tasks require participants to indicate preference between smaller, immediate, and larger, delayed rewards. Previous research indicates that when the delayed reward is shared with others, the delayed outcome is preferred compared with when the outcomes are for the self only, resulting in lower rates of delay discounting. The present series of studies sought to replicate and extend this finding. Study 1 compared delay discounting on a standard task in which both immediate and delayed outcomes are for the self and a group context task where the delayed outcome was shared with one other person. Replicating previous results, group context resulted in lower rates of delay discounting, and this effect was independent of how the shared outcome was presented. Study 2 compared delay discounting on a standard task and a group context task where the immediate outcome was shared. In contrast to Study 1, group context resulted in higher rates of delay discounting, suggesting that preference in intertemporal choice tracks the shared outcome. Moreover, this effect was not independent of how the shared outcome was presented. This is the first study to reveal that group context, when applied to the immediate outcome, can result in higher rates of delay discounting.     

The surprisingly low motivational power of future rewards: Comparing conventional money-based measures of discounting with motivation-based measures

Temporal discount rates are often poor predictors of behaviors that we expect will be motivated by the future. The current research suggests this may be because conventional discounting measures are poor measures of the motivational value of future rewards. In six studies, I develop motivation-based measures of the present value (PV) of future rewards and compare the PVs obtained with those obtained using conventional money-based discounting measures. Conventional money-based PVs consistently overestimate motivation-based PVs and are discriminable from them. I explore explanations for this mismatch, including timing of effort exertion (Study 2) and loss aversion (Study 3), both features of the motivation-based measures. In Study 5, I use self-reports of valuation strategies and a time pressure manipulation to demonstrate that participants use different valuation strategies in the conventional money-based and the motivation-based measures that, in part, determine the difference in PVs obtained and the relatively low correspondence between them.