The subjective value of delayed and probabilistic outcomes: Outcome size matters for gains but not for losses

@article{Mitchell2010TheSV,
  title={The subjective value of delayed and probabilistic outcomes: Outcome size matters for gains but not for losses},
  author={Suzanne H. Mitchell and Vanessa B. Wilson},
  journal={Behavioural Processes},
  year={2010},
  volume={83},
  pages={36-40}
}
The subjective value of a reward (gain) is related to factors such as its size, the delay to its receipt and the probability of its receipt. We examined whether the subjective value of losses was similarly affected by these factors in 128 adults. Participants chose between immediate/certain gains or losses and larger delayed/probabilistic gains or losses. Rewards of $100 were devalued as a function of their delay ("discounted") relatively less than $10 gains while probabilistic $100 rewards… CONTINUE READING
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