Construct · 1 fields · 1 citations

probability discounting: a standalone construct

One name. One construct. A landmark on the map.

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probabilitydiscounting1 CONSTRUCTProbability discountingRACHLIN · JUDGMENT AND

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Judgment and decision making

the decline in the subjective value of a reward as the odds against receiving it grow, modeled with the same hyperbolic form as delay discounting.

In judgment and decision making, probability discounting refers to the decline in the subjective value of a reward as the odds against receiving it grow, modeled with the same hyperbolic form as delay discounting. This meaning comes from Rachlin (1991) in Journal of the Experimental Analysis of Behavior.[1]

Unit
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Nearby constructs

form4 fields · 7 citationsjingle · one word, four constructsjudgment2 fields · 4 citationsjingle · one word, two constructsreward4 fields · 7 citationsjingle · one word, four constructs

References

  1. Rachlin, H., Raineri, A., & Cross, D. (1991). Subjective Probability and Delay. Journal of the Experimental Analysis of Behavior, 55(2), 233-244. https://doi.org/10.1901/jeab.1991.55-233

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