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Reference point-dependent tradeoffs in intertemporal decision making

Published online by Cambridge University Press:  25 October 2005

X. T. Wang  and
Jeffrey S. Simons
X. T. Wang*
Affiliation:
Psychology Department, University of South Dakota, Vermillion, SD57069http://www.usd.edu/~xtwang/http://www.usd.edu/~jsimons/
Jeffrey S. Simons*
Affiliation:
Psychology Department, University of South Dakota, Vermillion, SD57069http://www.usd.edu/~xtwang/http://www.usd.edu/~jsimons/
*
xtwang@usd.edu
jsimons@usd.edu
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Abstract

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We agree with Ainslie's general approach to intertemporal choices and self-control. However, we argue that a concept of “will” is superfluous in explaining tradeoffs between SS (smaller and sooner) and LL (larger and later) rewards in a framework of temporal goal setting and goal aggregation. We provide an alternative framework of reference point-dependent tradeoffs between SS and LL options.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 28 , Issue 5 , October 2005 , pp. 663 - 664
Copyright
Copyright © Cambridge University Press 2005