Information for "Notes on discounting"
Basic information
| Display title | Notes on discounting |
| Default sort key | Notes on discounting |
| Page length (in bytes) | 1,479 |
| Page ID | 1544 |
| Page content language | en - English |
| Page content model | wikitext |
| Indexing by robots | Allowed |
| Number of redirects to this page | 0 |
| Counted as a content page | Yes |
| Number of subpages of this page | 0 (0 redirects; 0 non-redirects) |
Page protection
| Edit | Allow all users (infinite) |
| Move | Allow all users (infinite) |
Edit history
| Page creator | WikiSysop (talk | contribs) |
| Date of page creation | 13:40, 16 September 2008 |
| Latest editor | WikiSysop (talk | contribs) |
| Date of latest edit | 17:22, 25 July 2020 |
| Total number of edits | 6 |
| Total number of distinct authors | 1 |
| Recent number of edits (within past 90 days) | 0 |
| Recent number of distinct authors | 0 |
Page properties
| Transcluded templates (2) | Templates used on this page: |
... more about "Notes on discounting"
In general, if a variable can be expressed … 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 obtained is hyperbolic in form. In some cases the effective discounting variable is proportional to the physical variable on which it is based. For example, in delay discounting, the physical variable, delay (D), may enter into the hyperbolic equation as kD. In many cases, however, the discounting data are not well described with a single-parameter discount function. A much better fit is obtained when the effective variable is a power function of the physical variable (kD<sup>s</sup> in the case of delay discounting). This power-function form fits the data of delay, probability, and memory discounting as well as other two-parameter discount functions and is consistent with both the generalized matching law and maximization of a constant-elasticity-of-substitution utility function.asticity-of-substitution utility function. +
Rachlin 2006 +
Journal of the Experimental Analysis of Behavior, 85, 425-435 +