Physical and cognitive effort discounting of hypothetical monetary rewards
Bibliographic Data
| ID | 19277306 |
|---|---|
| Authors | Paweł Ostaszewski (0000-0001-8067-8978, University of Social Sciences and Humanities, corresponding author), Przemysław Bąbel (0000-0003-0578-1013, Jagiellonian University), Bartłomiej Swebodziński (0000-0002-2054-8538, MEDI‐system Kijowska Nursing and Medical Care) |
| Year | 2013 |
| Volume | 55 |
| Issue | 4 |
| Pages | 329-337 |
| Publication date | 2013-10-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Japanese Psychological Research (JOURNAL) |
| Journal identifiers | ISSN: 0021-5368 • E-ISSN: 1468-5884 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/jpr.12019 |
| OpenAlex | W1568100874 |
| Language | EN |
| Citations received | 5 |
| References cited | 26 |
Effort discounting refers to the decrease in the subjective value of a reward as the effort required to obtain the reward increases. The main aims of this study were to ascertain whether the amount of the reward affects the steepness of the effort discounting process for hypothetical monetary rewards, to identify whether this steepness depends on the type of effort that is required, and to determine whether the steepness of different types of effort covary at the individual level. Two types of effort were studied under hypothetical choice situations: physical effort and cognitive effort. Both physical and cognitive effort discounting were well described by the hyperbolic model. Large rewards were discounted less steeply than small rewards for both types of effort. This finding agrees with the results of prior studies which have found that larger rewards have greater motivational power. In addition, the steepness of physical effort discounting was positively correlated with the steepness of cognitive effort discounting, which suggests that the effort discounting process is a trait‐like characteristic within an individual
Cognition · Delay discounting · Discounting · Econometrics · Economics · Hyperbolic discounting · Statistics · Trait · Value (mathematics) · Computer Science · Decision-Making and Behavioral Economics · Mathematics · Neural and Behavioral Psychology Studies · Psychology · Psychology of Moral and Emotional Judgment
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| Citations per year | 1 |
|---|---|
| Citation span | 2021 - 2026 (6) |
| Highly cited | No |