Time-dependent gambling: odds now, money later.

@article{Sagristano2002TimedependentGO,
  title={Time-dependent gambling: odds now, money later.},
  author={Michael D. Sagristano and Yaacov Trope and Nira Liberman},
  journal={Journal of experimental psychology. General},
  year={2002},
  volume={131 3},
  pages={364-76}
}
Four experiments investigated temporal changes in the influence of probability and payoffs on gambling. Using urn draws, the authors found in Experiment I that temporal distance increased the influence of payoffs and decreased the influence of probability on preferences. The authors found in Experiment 2 that in choosing among the more distant gambles, participants offered more reasons dealing with payoffs and fewer reasons dealing with probability. In Experiments 3 and 4, the authors extended… CONTINUE READING

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