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• W3174765718 endingPage "104448" @default.
• W3174765718 startingPage "104448" @default.
• W3174765718 abstract "• Quantitative models can elucidate the variables that determine behavior. • Several models describe declines in reward value as probability of receipt decreases. • A hyperboloid model cannot account for effects of amount on probability discounting. • A power model described the data well. • A power model suggests the value function of uncertain rewards depends on amount. We evaluated two quantitative models that attempt to account for the effects of amount on probability discounting. Sixty-four undergraduate psychology students completed four probability discounting tasks that differed in the amount of the probabilistic outcome ($20, $3,000, $50,000, and $500,000). In an amount-independent hyperboloid model, the exponent ( s ) systematically increased with reward amount. These systematic changes were not explained by the model. Myerson et al. (2011) reasoned that s increases as a power function of the amount of the probabilistic reward. We found support for the amount-dependent hyperboloid model at the aggregate and individual levels of analysis. The results replicate and extend previous research and suggest that the value function of a probabilistic outcome is weighted by, or depends on, its amount." @default.
• W3174765718 created "2021-07-05" @default.
• W3174765718 creator A5004332083 @default.
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• W3174765718 date "2021-09-01" @default.
• W3174765718 modified "2023-09-24" @default.
• W3174765718 title "Effects of Amount on Probability Discounting: A Replication and Extension" @default.
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• W3174765718 doi "https://doi.org/10.1016/j.beproc.2021.104448" @default.
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• W3174765718 hasPublicationYear "2021" @default.
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