“…In contrast to the experiential design as applied in our study, previous loss discounting studies have used hypothetical designs (i.e., losses and delays are not actually experienced), in which participants were asked the opposite from what we asked, namely to choose between a smaller immediate loss (e.g., pay 10 dollars now) and a larger delayed loss (e.g., pay 100 dollars after 1 year). These studies have shown that people are inclined to choose larger delayed losses, that is, they discount losses (Estle, Green, Myerson, & Holt, 2006;Mies et al, 2016;Tanaka, Yamada, Yoneda, & Ohtake, 2014;Thaler, 1981). It should be noted, though, that losses are generally discounted less steeply than gains, which is known as the sign effect (e.g., Estle et al, 2006).…”