• Title/Summary/Keyword: Delay Discounting

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Exploring Individual Variables Affecting the Valuation of Time (시간의 가치 평가에 영향을 주는 개인차 요인의 탐색)

  • Kim, Young-il;Kim, Youngjun;Kim, Kyungil
    • Korean Journal of Cognitive Science
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    • v.30 no.1
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    • pp.51-83
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    • 2019
  • Delay of immediate gains/losses brings on additional gaines/losses as much as waiting period. However, there are individual difference in evaluating the value of delayed time discounting on the person. In this study, to investigates the individual differences about valuating the delayed time, it is ascertained the correlation between decisions from intertemporal choice task and individual differences of risk taking/perception, emotion, regulatory focus, and HPSP and BELT, subjective period measuring task. In Addition, it is analyzed the individual differences after classifying good/bad performer of intertemporal tasks and person who perceive long/short about the future periods. As a result, good performers of intertemporal task have high openness and perceive longer about 12 hours, 15 days, 6 months and 5 years. Reconstruction about future temporal length plays an important role on intertemporal task, and it is discussed about necessity of follow up study.

The Influencing of Aging on Time Preference in Indonesia

  • KIM, Dohyung
    • The Journal of Industrial Distribution & Business
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    • v.12 no.8
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    • pp.33-39
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    • 2021
  • Purpose: The influence of age on time preference is not identified in the usual cross-sectional analysis. This study aims to test whether age affects time preference after controlling for the effects of individual heterogeneity including cohort effects. Research design, data and methodology: Drawing on a nationally representative panel dataset of Indonesians, we estimate the effects of age on time preference after controlling for unobserved individual heterogeneity as well as potential cohort effects. We measure time preference exploiting information on two sets of multiple price lists: one for a one-year delay, and the other for a five-year delay. Results: When we controlled for time-invariant individual characteristics, including birth cohort effects in a fixed effects model, the older men and women were more patient in a linear fashion, particularly when the delay was longer. To highlight the importance of controlling for individual fixed effects, we repeated the specification without controlling for individual fixed effects in OLS or censored maximum likelihood regression; we found no relation between age and impatience in men or women and for a one or five-year delay. Conclusions: The older men and women are more patient, and time preferences are correlated with unobserved individual heterogeneity.

Methods of computing Toll Road Weights when Calibrating Road Networks in a Transportation Planning Model (교통계획 모형내 유료도로의 요금적용 방안에 관한 연구)

  • Kim, Eung-Cheol;Kim, Do-Hoon
    • International Journal of Highway Engineering
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    • v.11 no.1
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    • pp.47-58
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    • 2009
  • Calibrating toll roads of highway networks needs additional weights within volume delay functions not like other general highway lints. However, current methods assigning additional weights in the volume delay function of toll roads are not sufficiently enough to predict real toll road volumes measured, since it does not consider discounting rates and an extra charges. This study develops methods to improve relevant and reliable volume delay functions. Suggested ideas include a method of weighting volume delay functions considering a value of time of vehicle types, a method of weighting volume delay functions considering lane distributions of vehicles, and a method of weighting volume delay functions considering percentages of link lengths per a number of lanes of toll roads. It is found that the method of weighting volume delay functions considering lane distributions of vehicles show most reliable and appropriate results, while the first method shows overestimation and the third method does underestimation of highway link volumes. In terms of assignment methods, total OD equilibrium assignment shows better results than PCU based assignment.

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The Effect of Background Music on Impulsive Decision Making: When People are Exposed to Luxury Items (명품과 배경음악이 충동적 의사결정에 미치는 영향)

  • Jang, Seongjin;Han, Kwanghee
    • Science of Emotion and Sensibility
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    • v.20 no.1
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    • pp.83-94
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    • 2017
  • In this study, we figured out that music modes and item types could affect people's urged decision making through a k-value which results from a delay discounting's hyperbolic function. Generally, high k-value is related to impulsive decision making. Concretely, there was a significant interaction between items and music. For the luxury item, the k-value was higher while listening to major music than minor. However, for the non-luxury item condition the k-value difference was not significant between two pieces of music. Moreover, we expected mood could be manipulated after listening to the music and mediate a difference of tendency. We used first movement as an allegro and second as an andante of Mozart piano concerto No.5 D-major and No.20 D-minor for stimuli. As a result, mode and tempo's main effects were not significant. Nevertheless, there was a significant two-way interaction. To put it concretely, the k-value of major condition was marginally higher than minor condition on allegro. However, the k-value of major condition was significantly lower than minor condition on andante. Also, depressed degree difference was significant but it was not significant as a mediator. Set depressed degree as a predict variable and future time span as a mediator, further research found future time perception partially mediated the effect that depressed degree affects impulsivity.

Improving Health-related Behaviors and General Self-control Behaviors through a College-level Self-management Course (자기관리수업을 통한 충동성의 감소가 건강증진 행동 및 전반적인 다양한 자기통제 행동에 미치는 영향)

  • Seo, Jihyeon;Chung, Kyong-Mee
    • Korean Journal of Health Psychology
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    • v.19 no.4
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    • pp.929-955
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    • 2014
  • The purpose of this study was to 1) explore the effectiveness of a college-level self-management (SM) course in improving a target behavior and reducing impulsivity, 2) investigate improvements in other non-target self-control behaviors(generalization of self-control), and 3) determine whether change in impulsivity could predict the generalization of self-control. A total of 128 College students who took the SM course were included. Participants completed the computerized delay-discounting task, self-report impulsiveness scale, and general self-control behavior questionnaire at the beginning and end of the course. After participants had defined their target behaviors, they self-monitored and recorded their behaviors everyday throughout the course. Results revealed that 63% of the participants successfully changed their target behaviors after the course. Although differing depending on the type of target behavior, thoes who successfully changed their target behaviors reported decreases in impulsivity and increases in other self-control behaviors such as physical exercise, healthy diet, study habits, and time management, after the course. Furthermore, the decrease of impulsivity significantly predicted the generalization of self-control in the exercise and diet groups. The results indicate that reduced impulsivity is related to improvements in a target behavior and general self-control behaviors in other spheres. Implications and limitations are also discussed.

Comparative Behavioral Correlation of High and Low-Performing Mice in the Forced Swim Test

  • Valencia, Schley;Gonzales, Edson Luck;Adil, Keremkleroo Jym;Jeon, Se Jin;Kwon, Kyoung Ja;Cho, Kyu Suk;Shin, Chan Young
    • Biomolecules & Therapeutics
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    • v.27 no.4
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    • pp.349-356
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    • 2019
  • Behavioral analysis in mice provided important contributions in helping understand and treat numerous neurobehavioral and neuropsychiatric disorders. The behavioral performance of animals and humans is widely different among individuals but the neurobehavioral mechanism of the innate difference is seldom investigated. Many neurologic conditions share comorbid symptoms that may have common pathophysiology and therapeutic strategy. The forced swim test (FST) has been commonly used to evaluate the "antidepressant" properties of drugs yet the individual difference analysis of this test was left scantly investigated along with the possible connection among other behavioral domains. This study conducted an FST-screening in outbred CD-1 male mice and segregated them into three groups: high performers (HP) or the active swimmers, middle performers (MP), and low performers (LP) or floaters. After which, a series of behavioral experiments were performed to measure their behavioral responses in the open field, elevated plus maze, Y maze, three-chamber social assay, novel object recognition, delay discounting task, and cliff avoidance reaction. The behavioral tests battery revealed that the three groups displayed seemingly correlated differences in locomotor activity and novel object recognition but not in other behaviors. This study suggests that the HP group in FST has higher locomotor activity and novelty-seeking tendencies compared to the other groups. These results may have important implications in creating behavior database in animal models that could be used for predicting interconnections of various behavioral domains, which eventually helps to understand the neurobiological mechanism controlling the behaviors in individual subjects.