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Green and Myerson Page 44 of 48 NIH-PA Author Manuscript NIH-PA Author Manuscript NIH-PA Author Manuscript Figure 10. Procedure for studying probability discounting. Each of the rectangles represents one of a series of successive choices between a smaller, certain, and a larger, probabilistic, reward in which the amount of the smaller reward is increased until it is preferred to the larger reward. Psychol Bull. Author manuscript; available in PMC 2006 February 24.
Green and Myerson Page 45 of 48 NIH-PA Author Manuscript NIH-PA Author Manuscript NIH-PA Author Manuscript Figure 11. The subjective value of a probabilistic $500 reward plotted as a function of the odds against its receipt. The curved lines represent the expected value and the alternative forms of the probability discounting function (Equations 4 and 5) fit to the data. Data are from Experiment 1 of “Amount of Reward Has Opposite Effects on the Discounting of Delayed and Probabilistic Outcomes,” by L. Green, J. Myerson, and P. Ostaszewski, 1999a, Journal of Experimental Psychology: Learning, Memory, and Cognition, 25, p. 421. Copyright 1999 by the American Psychological Association. Psychol Bull. Author manuscript; available in PMC 2006 February 24.
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