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Introducing Upfront Money Can Decrease Discounting in Intertemporal Choices with Losses

Overview of attention for article published in Frontiers in Psychology, August 2016
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Title
Introducing Upfront Money Can Decrease Discounting in Intertemporal Choices with Losses
Published in
Frontiers in Psychology, August 2016
DOI 10.3389/fpsyg.2016.01256
Pubmed ID
Authors

Cheng-Ming Jiang, Hong-Yue Sun, Sheng-Hua Zheng, Liang-Jun Wang, Yu Qin

Abstract

People generally tend to advance gains and postpone losses in intertemporal choice. Jiang et al. (2014) recently showed that adding upfront losses or gains to both smaller and sooner (SS) and larger and later (LL) rewards can decrease people's discounting. To account for this decrease, they proposed the salience hypothesis, which states that introducing upfront losses or gains makes the money dimension more salient than not, thus increasing people's preference for LL rewards. Considering that decreasing the discounting of delayed losses is imperative and that most previous studies have focused on intertemporal choices with gains, in the current paper we conducted two experiments and used hypothetical money outcomes to examine whether the effect of upfront money could be extended to intertemporal choices with losses. The results showed that when both SS and LL intertemporal losses were combined with an upfront loss or gain, people's discounting rate decreased and the preference for the SS option increased. This finding further supports the salience account.

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The data shown below were collected from the profile of 1 X user who shared this research output. Click here to find out more about how the information was compiled.
Mendeley readers

Mendeley readers

The data shown below were compiled from readership statistics for 16 Mendeley readers of this research output. Click here to see the associated Mendeley record.

Geographical breakdown

Country Count As %
Unknown 16 100%

Demographic breakdown

Readers by professional status Count As %
Student > Ph. D. Student 6 38%
Student > Master 3 19%
Researcher 2 13%
Student > Doctoral Student 2 13%
Student > Bachelor 1 6%
Other 0 0%
Unknown 2 13%
Readers by discipline Count As %
Psychology 7 44%
Business, Management and Accounting 3 19%
Neuroscience 3 19%
Unknown 3 19%
Attention Score in Context

Attention Score in Context

This research output has an Altmetric Attention Score of 1. This is our high-level measure of the quality and quantity of online attention that it has received. This Attention Score, as well as the ranking and number of research outputs shown below, was calculated when the research output was last mentioned on 10 August 2016.
All research outputs
#20,337,210
of 22,882,389 outputs
Outputs from Frontiers in Psychology
#24,227
of 29,979 outputs
Outputs of similar age
#300,234
of 343,747 outputs
Outputs of similar age from Frontiers in Psychology
#353
of 394 outputs
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