Stuck in Time: Negative Income Shock Constricts the Temporal Window of Valuation Spanning the Future and the Past

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dc.contributor.authorBickel, Warren K.en
dc.contributor.authorWilson, A. Georgeen
dc.contributor.authorChen, Chenen
dc.contributor.authorKoffarnus, Mikhail N.en
dc.contributor.authorFranck, Christopher T.en
dc.contributor.departmentStatisticsen
dc.contributor.departmentFralin Biomedical Research Instituteen
dc.date.accessioned2018-08-03T19:31:26Zen
dc.date.available2018-08-03T19:31:26Zen
dc.date.issued2016-09-15en
dc.description.abstractInsufficient resources are associated with negative consequences including decreased valuation of future reinforcers. To determine if these effects result from scarcity, we examined the consequences of acute, abrupt changes in resource availability on delay discounting—the subjective devaluation of rewards as delay to receipt increases. In the current study, 599 individuals recruited from Amazon Mechanical Turk read a narrative of a sudden change (positive, neutral, or negative) to one’s hypothetical future income and completed a delay discounting task examining future and past monetary gains and losses. The effects of the explicit zero procedure, a framing manipulation, was also examined. Negative income shock significantly increased discounting rates for gains and loses occurring both in the future and the past. Positive income windfalls significantly decreased discounting to a lesser extent. The framing procedure significantly reduced discounting under all conditions. Negative income shocks may result in short-term choices.en
dc.description.versionPublished versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1371/journal.pone.0163051en
dc.identifier.eissn1932-6203en
dc.identifier.issue9en
dc.identifier.othere0163051en
dc.identifier.pmid27631760en
dc.identifier.urihttp://hdl.handle.net/10919/84490en
dc.identifier.volume11en
dc.language.isoenen
dc.publisherPLOSen
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.titleStuck in Time: Negative Income Shock Constricts the Temporal Window of Valuation Spanning the Future and the Pasten
dc.title.serialPLOS ONEen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten

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