A PHP Error was encountered

Severity: Warning

Message: file_get_contents(https://...@pubfacts.com&api_key=b8daa3ad693db53b1410957c26c9a51b4908): Failed to open stream: HTTP request failed! HTTP/1.1 429 Too Many Requests

Filename: helpers/my_audit_helper.php

Line Number: 144

Backtrace:

File: /var/www/html/application/helpers/my_audit_helper.php
Line: 144
Function: file_get_contents

File: /var/www/html/application/helpers/my_audit_helper.php
Line: 212
Function: simplexml_load_file_from_url

File: /var/www/html/application/helpers/my_audit_helper.php
Line: 3106
Function: getPubMedXML

File: /var/www/html/application/controllers/Detail.php
Line: 575
Function: pubMedSearch_Global

File: /var/www/html/application/controllers/Detail.php
Line: 489
Function: pubMedGetRelatedKeyword

File: /var/www/html/index.php
Line: 316
Function: require_once

Decision makers calibrate behavioral persistence on the basis of time-interval experience. | LitMetric

Decision makers calibrate behavioral persistence on the basis of time-interval experience.

Cognition

Department of Psychology, University of Pennsylvania, 3720 Walnut St., Philadelphia, PA 19104, USA.

Published: August 2012

A central question in intertemporal decision making is why people reverse their own past choices. Someone who initially prefers a long-run outcome might fail to maintain that preference for long enough to see the outcome realized. Such behavior is usually understood as reflecting preference instability or self-control failure. However, if a decision maker is unsure exactly how long an awaited outcome will be delayed, a reversal can constitute the rational, utility-maximizing course of action. In the present behavioral experiments, we placed participants in timing environments where persistence toward delayed rewards was either productive or counterproductive. Our results show that human decision makers are responsive to statistical timing cues, modulating their level of persistence according to the distribution of delay durations they encounter. We conclude that temporal expectations act as a powerful and adaptive influence on people's tendency to sustain patient decisions.

Download full-text PDF

Source
http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3503451PMC
http://dx.doi.org/10.1016/j.cognition.2012.03.008DOI Listing

Publication Analysis

Top Keywords

decision makers
8
decision
4
makers calibrate
4
calibrate behavioral
4
behavioral persistence
4
persistence basis
4
basis time-interval
4
time-interval experience
4
experience central
4
central question
4

Similar Publications

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!