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Hahn, Ulrike; Warren, Paul A. – Psychological Review, 2010
In this postscript the authors summarize where Sun, Tweney, and Wang (see record 2010-06891-015) now agree with their original analysis and where differences of opinion remain. Sun et al.'s (see record 2010-06891-018) postscript contrasted two positions, one emphasizing the "limited and finite nature of people's experience" and one emphasizing the…
Descriptors: Probability, Statistics, Differences, Opinions
Sun, Yanlong; Tweney, Ryan D.; Wang, Hongbin – Psychological Review, 2010
In this postscript the authors applaud Hahn and Warren's effort in their reply to remove the ambiguity in distinguishing events such as occurrence, occurrence at least once, and nonoccurrence in Hahn and Warren (2009). Still, it appears that differences between us exist regarding the nature of waiting time and its connections to the probability of…
Descriptors: Probability, Statistics, Logical Thinking, Philosophy
Killeen, Peter R. – Psychological Review, 2009
Goods remote in temporal, spatial, or social distance, or in likelihood, exert less control over our behavior than those more proximate. The decay of influence with distance, of perennial interest to behavioral economists, has had a renaissance in the study of delay discounting. By developing discount functions from marginal utilities, this…
Descriptors: Delay of Gratification, Probability, Behavioral Science Research, Influences
Jozefowiez, J.; Staddon, J. E. R.; Cerutti, D. T. – Psychological Review, 2009
The authors propose a simple behavioral economic model (BEM) describing how reinforcement and interval timing interact. The model assumes a Weber-law-compliant logarithmic representation of time. Associated with each represented time value are the payoffs that have been obtained for each possible response. At a given real time, the response with…
Descriptors: Intervals, Metacognition, Reinforcement, Time