IDEAS home Printed from https://ideas.repec.org/a/oup/beheco/v29y2018i1p193-203..html
   My bibliography  Save this article

Rate maximization and hyperbolic discounting in human experiential intertemporal decision making

Author

Listed:
  • Maayke Suzanne Seinstra
  • Manuela Sellitto
  • Tobias Kalenscher

Abstract

We experimentally show that during decisions between smaller-sooner and larger-later monetary rewards, devaluing future rewards meets and serves evolutionary principles of long-term reward rate maximization in human participants. The present data thus reconcile the economically flavored theory implying that choices are based on the incremental devaluation of reward as the time of its receipt passes, and the account rooted in behavioral ecology that predicts that choices should maximize reward rate in the long run.

Suggested Citation

  • Maayke Suzanne Seinstra & Manuela Sellitto & Tobias Kalenscher, 2018. "Rate maximization and hyperbolic discounting in human experiential intertemporal decision making," Behavioral Ecology, International Society for Behavioral Ecology, vol. 29(1), pages 193-203.
    • Handle: RePEc:oup:beheco:v:29:y:2018:i:1:p:193-203.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/beheco/arx145
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:beheco:v:29:y:2018:i:1:p:193-203.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/beheco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.