experiments on delay discounting

Delay discounting experiments assess how people value immediate rewards compared to larger, delayed rewards. Participants choose between a smaller reward now or a bigger reward after some time. Researchers analyze these choices to understand impulsivity and decision-making. For example, preferring $50 now over $100 in a year indicates a higher rate of discounting future benefits. These experiments help reveal tendencies related to self-control, addiction, and economic behavior, providing insights into how individuals prioritize immediate gratification versus long-term benefits.