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Rachlin, Howard – Journal of the Experimental Analysis of Behavior, 2006
In general, if a variable can be expressed as a function of its own maximum value, that function may be called a discount function. Delay discounting and probability discounting are commonly studied in psychology, but memory, matching, and economic utility also may be viewed as discounting processes. When they are so viewed, the discount function…
Descriptors: Memory, Probability, Theories, Economics