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| Research article summary (published 30 Aug 2002): |
Time-dependent gambling: odds now, money later.
Full Abstract
Four experiments investigated temporal changes in the influence of probability and payoffs on gambling. Using urn draws, the authors found in Experiment I that temporal distance increased the influence of payoffs and decreased the influence of probability on preferences. The authors found in Experiment 2 that in choosing among the more distant gambles, participants offered more reasons dealing with payoffs and fewer reasons dealing with probability. In Experiments 3 and 4, the authors extended the scope of these findings using a card game and a raffle. The results were interpreted in terms of a temporal construal process that highlights the desirability of outcomes in the distant future and the feasibility of attaining the outcomes in the near future.
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Author information
Author/s: Sagristano, Michael D (MD); Trope, Yaacov (Y); Liberman, Nira (N);
Affiliation: Department of Psychology, New York University, New York 10003, USA.
Grants: 1R01MH59030-01A1 (Agency:United States NIMH)
Journal and publication information
Publication Type: Comparative Study; Journal Article; Research Support, U.S. Gov't, Non-P.H.S.; Research Support, U.S. Gov't, P.H.S.
Journal: Journal of experimental psychology. General (J Exp Psychol Gen), published in United States. (Language: eng)
Reference: 2002-Sep; vol 131 (issue 3) : pp 364-76
Dates: Created 2002/09/06; Completed 2003/01/21; Revised 2007/11/14;
PMID: 12214752, status: MEDLINE (last retrieval date: 11/6/2008)
Sourced from the National Library of Medicine. Abstract text and other information may be subject to copyright.
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