Discounting, Crossovers, Social distance, Self control, Social psychology, Psychology, Hyperbolic functions, Exponential functions
Behavioral Economics | Experimental Analysis of Behavior | Psychology
The amount of money a person was willing to forgo in order to give $75 to another person decreased as a hyperbolic function of the perceived social distance between them. Similar hyperbolic functions have previously been shown to describe both time and probability discounting.
Jones, Bryan A. and Rachlin, Howard (2006). Social Discounting. Psychological Science 17(4), 283-286. doi: 10.1111/J.1467-9280.2006.01699.X Retrieved from https://digitalcommons.kent.edu/psycpubs/122
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