Time Discounting for Primary Rewards
Princeton University · National Bureau of Economic Research · +4 more institutions
Abstract
Previous research, involving monetary rewards, found that limbic reward-related areas show greater activity when an intertemporal choice includes an immediate reward than when the options include only delayed rewards. In contrast, the lateral prefrontal and parietal cortex (areas commonly associated with deliberative cognitive processes, including future planning) respond to intertemporal choices in general but do not exhibit sensitivity to immediacy (McClure et al., 2004). The current experiments extend these findings to primary rewards (fruit juice or water) and time delays of minutes instead of weeks. Thirsty subjects choose between small volumes of drinks delivered at precise times during the experiment…
Citation impact
- FWCI
- 25.08
- Percentile
- 100%
- References
- 38
Authors
5- SMSamuel M. McClureCorresponding
Princeton University
- KMKeith M. Marzilli Ericson
National Bureau of Economic Research
- DLDavid Laibson
National Bureau of Economic Research, Harvard University, Harvard University Press
- GLGeorge Loewenstein
Carnegie Mellon University
- JDJonathan D. Cohen
University of Pittsburgh, Princeton University
Topics & keywords
- Psychology
- Temporal discounting
- Intertemporal choice
- Prefrontal cortex
- Neuroscience
- Orbitofrontal cortex
- Cognitive psychology
- Posterior parietal cortex