Commodity Discounting: Comparing an Adjusting Amount and Adjusting Delay Procedure
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Authors
Frits, Ashlyn Renee
Issue Date
2024
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
Discounting refers to the devaluing of outcomes as a function of some variable �" like time or probability (Rachlin, 2006). Due to the correlation of steep discounting with many socially significant maladaptive behaviors, research on discounting is rapidly increasing (Odum, 2011). Although most discounting research has been on monetary discounting, maladaptive behaviors of interest typically result in non-monetary outcomes (e.g., cigarettes, food). Thus, it is important to investigate commodity discounting, discounting pertaining to different commodities �" especially given that differences in discounting have been observed across various commodities. In monetary discounting, adjusting amount procedures and adjusting delay procedures have been compared. While these procedures yield similar discounting curves with monetary outcomes, few studies have been compared these procedures across various commodities. The present study compares an adjusting amount and delay procedure across four different commodities at small and large magnitudes. These data can inform which procedure may be better suited for certain types of commodities.