For most delays, the lesioned rats were about twice as likely as their normal counterparts to choose the immediate
reward over the delayed reward.
The human mind is predisposed to choose immediate
reward over delayed gratification, and unfortunately, where money is concerned, that predisposition comes with a huge price tag.
Not exact matches
This shift in in dopamine release and associated tendency to choose smaller immediate
rewards over larger
delayed rewards is consistent with the phenomenon of
delay discounting.
Triggering pathological gamblers to envision a future personal experience reduces their preference for an immediate
reward over a larger,
delayed award, according to a study published in eNeuro.
It's a term used primarily in the field of behavioral finance, and it's defined as «the tendency for people to increasingly choose a smaller / sooner
reward over a larger / later
reward, as the
delay occurs sooner rather than later in time.»
Dogs
over a year old have made connections between behavior and
reward, even if that
reward is slightly
delayed.
She already got 50,000 Membership
Rewards points for the original application and another 10,000 points when she signed up for their
delayed payment plan (basically turning it into a credit card that can be paid off
over time.)
One index of such behavior is termed
delay discounting, which reflects an individual's relative preference for smaller, immediate
rewards over larger
rewards delayed in time (Green and Myerson, 2004).