green & myerson 2004.. - of /courses
green & myerson 2004.. - of /courses
green & myerson 2004.. - of /courses
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Green and Myerson Page 42 <strong>of</strong> 48<br />
NIH-PA Author Manuscript NIH-PA Author Manuscript NIH-PA Author Manuscript<br />
Figure 8.<br />
The subjective value <strong>of</strong> a delayed reward <strong>of</strong> a year-long vacation plotted as a function <strong>of</strong> the<br />
time until the beginning <strong>of</strong> the vacation (upper graph), and the subjective value <strong>of</strong> a delayed<br />
reward <strong>of</strong> 1 year’s free use <strong>of</strong> a car plotted as a function <strong>of</strong> the time until use <strong>of</strong> the car was<br />
available (lower graph). For both graphs, subjective value was calculated as a proportion <strong>of</strong><br />
the amount <strong>of</strong> money that participants judged equal in value to the reward (vacation or car)<br />
when it was available without a delay. The curved lines represent fits <strong>of</strong> Equations 1, 2, and 3<br />
to the data. Data are from Experiment 4 <strong>of</strong> “The Effect <strong>of</strong> Temporal Constraints on the Value<br />
<strong>of</strong> Money and Other Commodities,” by A. Raineri and H. Rachlin, 1993, Journal <strong>of</strong> Behavioral<br />
Decision Making, 6, p. 92. Copyright 1993 by John Wiley & Sons Limited. Reproduced with<br />
permission.<br />
Psychol Bull. Author manuscript; available in PMC 2006 February 24.
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