Podcast Beta
Questions and Answers
The Common Difference Effect states that discount rates are higher for larger time periods compared to shorter ones.
False
The Absolute Magnitude Effect shows that smaller rewards are discounted less than larger rewards.
True
The Gain-Loss asymmetry suggests that discount rates are higher for losses compared to gains.
False
Subjects preferred a delayed loss over an immediate loss of equal value.
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The Delay-Speedup asymmetry implies that decisions involving delaying rewards have lower discount rates than those involving speeding-up rewards.
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