NDLI: Building a Bridge into the Future: Dynamic Connectionist Modeling as an Integrative Tool for Research on Intertemporal Choice

Content Provider	PubMed Central
Author	Scherbaum, Stefan Maja, Dshemuchadse Thomas, Goschke
Copyright Year	2012
Abstract	Temporal discounting denotes the fact that individuals prefer smaller rewards delivered sooner over larger rewards delivered later, often to a higher extent than suggested by normative economical theories. In this article, we identify three lines of research studying this phenomenon which aim (i) to describe temporal discounting mathematically, (ii) to explain observed choice behavior psychologically, and (iii) to predict the influence of specific factors on intertemporal decisions. We then opt for an approach integrating postulated mechanisms and empirical findings from these three lines of research. Our approach focuses on the dynamical properties of decision processes and is based on computational modeling. We present a dynamic connectionist model of intertemporal choice focusing on the role of self-control and time framing as two central factors determining choice behavior. Results of our simulations indicate that the two influences interact with each other, and we present experimental data supporting this prediction. We conclude that computational modeling of the decision process dynamics can advance the integration of different strands of research in intertemporal choice.
Related Links	http://dx.doi.org/10.3389/fpsyg.2012.00514
Starting Page	514
File Format	PDF
ISSN	16641078
e-ISSN	16641078
Journal	Frontiers in Psychology
Volume Number	3
Language	English
Publisher	Frontiers Media S.A.
Publisher Date	2012-01-01
Access Restriction	Open
Rights Holder	Frontiers Media S.A.
Subject Keyword	Research in Higher Education
Content Type	Text
Resource Type	Article
Subject	Psychology

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