The hyperbolic-decay model is a mathematical expression of the relation between delay and reinforcer value. The model has been used to predict choices in discrete-trial experiments on delay-amount tradeoffs, on preference for variable over fixed delays, and on probabilistic reinforcement. Experiments manipulating the presence or absence of conditioned reinforcers on trials that end without primary reinforcement have provided evidence that the hyperbolic-decay model actually predicts the strength of conditioned reinforcers rather than the strength of delayed primary reinforcers. The model states that the strength of a conditioned reinforcer is inversely related to the time spent in its presence before a primary reinforcer is delivered. A possible way to integrate the model with Grace's (1994) contextual-choice model for concurrent-chain schedules is presented. Also discussed are unresolved difficulties in determining exactly when a stimulus will or will not serve as a conditioned reinforcer.
131One of the most potent factors affecting an individual's choice behavior is delay of reinforcement. With animal subjects, numerous studies have shown that delays of just a few seconds can have dramatic affects on choice behavior (e.g., Ainslie, 1974; Green, Fisher, Perlow, & Sherman, 1981;Rachlin & Green, 1972). Human subjects can sometimes tolerate long delays, but there have been many examples in which briefdelays have affected human choice behavior as well (e.g., Millar & Navarick, 1984;Navarick, 1985Navarick, , 1986 Solnick, Kannenberg, Eckerman, & Waller, 1980). Besides being powerful, the effects of reinforcer delay are also ubiquitous: It is difficult to think of many choice situations, either inside or outside the laboratory, that do not involve delays in one way or another. Consider, for example, two of the most common research procedures in operant research on choice-i-concurrent schedules and concurrent-chain schedules. By definition, concurrent schedules involve a choice between two or more simultaneously available reinforcement schedules. Except in the special case of continuous reinforcement schedules (CRF), in which every response is followed by a reinforcer, two concurrent schedules will each include delays (determined by the schedule, the subject's behavior, or both) between the first response on a schedule and the eventual delivery ofa reinforcer. In concurrent-chain schedules, the delays are even more numerous, because these procedures Preparation of this manuscript was supported by Grant MH 38357 from the National Institutes of Menta! Health, I thank Michael Davison and Randy Grace for providing me with data sets from their research. Correspondence should be addressed to 1. E. Mazur. Psychology Department. Southern Connecticut State University. New Haven. CT 06515 (e-mail: mazur@scsu.ctstateu.edu).Note: This article is one of those occasionally invited by the editor in which authors have the opportunity to provide an overview of their research programs.-Editor include both "initial links" and "termina...