Cognitive and Neural Mechanisms of Intertemporal Choice

Journal of Psychological Science ›› 2012, Vol. 35 ›› Issue (1) : 56-61.

PDF(572 KB)
PDF(572 KB)
Journal of Psychological Science ›› 2012, Vol. 35 ›› Issue (1) : 56-61.

Cognitive and Neural Mechanisms of Intertemporal Choice

Author information +
History +

Abstract

Intertemporal choice is the individual balances costs and benefits of decision-making process which occurred at different times. An important finding in intertemporal choice is time discounting which is that compared to current or recent gains (or losses), people always give less weight on future gains (or losses). The computational model of intertemporal decision-making constructs a mathematical model of the time discounting function from an economic point of view, which contains discounted utility model (DU), hyperbolic discounting model family (including mainly hyperbolic discounting model and quasi-hyperbolic discounting model), subadditive discounting model, “as soon as possible” (ASAP) discounting model. ……

Key words

intertemporal choice / time discounting / cognitive mechanisms / neural mechanisms

Cite this article

Download Citations
Cognitive and Neural Mechanisms of Intertemporal Choice[J]. Journal of Psychological Science. 2012, 35(1): 56-61
PDF(572 KB)

Accesses

Citation

Detail

Sections
Recommended

/