2008
DOI: 10.3758/cabn.8.4.509
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Time and decision making in humans

Abstract: Decision making requires evaluating alternatives that differ on a number of attributes. During this evaluation process, selection of options depends on the duration of the options, the duration of the expected delay for realizing the options, and the time available to reach a decision. This article reviews the relationship between time and decision making in humans with respect to this evaluation process. Moreover, the role of psychological time, as compared with physical time, is accentuated. Five topics have… Show more

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Cited by 51 publications
(40 citation statements)
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“…Instead of taking one marshmallow now, holding out for two or three marshmallows later is an example of DoG. Delay discounting (DD), also called temporal discounting, has been defined as a reduction in the subjective value of a reward as later as the reward is delivered (Kirby and Marakovic, 1996; Klapproth, 2008). Low DD and high DoG reflect better self-control; therefore, the two measures are inversely correlated (Forstmeier et al, 2011; Drobetz et al, 2014).…”
Section: Introductionmentioning
confidence: 99%
“…Instead of taking one marshmallow now, holding out for two or three marshmallows later is an example of DoG. Delay discounting (DD), also called temporal discounting, has been defined as a reduction in the subjective value of a reward as later as the reward is delivered (Kirby and Marakovic, 1996; Klapproth, 2008). Low DD and high DoG reflect better self-control; therefore, the two measures are inversely correlated (Forstmeier et al, 2011; Drobetz et al, 2014).…”
Section: Introductionmentioning
confidence: 99%
“…For example, time perception has been implicated in decision-making processes and, as emotions contribute to time perception, the emotional modulation of time perception may have important consequences for such processes. One decision-making domain that might be particularly sensitive to emotion-driven temporal distortions is the phenomenon of temporal discounting [4146]. Temporal discounting is defined as the devaluation of future rewards in favor of more imminent rewards and follows a hyperbolic response distribution, such that the subjective value of future rewards decreases with the duration of the delay.…”
Section: Consequences For Cognition Behavior and Emotionmentioning
confidence: 99%
“…In making a decision, an individual has to correctly gauge the durations of the options available to them, the durations of the expected delays in realising the options and the time available to make the decision; therefore decision-making involves both objective and subjective temporal consideration (Klapproth, 2008). Health behaviour in general is characterised by deciding upon immediate effort (e.g.…”
Section: Introductionmentioning
confidence: 99%