Description Usage Arguments Details Value Examples
The model was obtained from the conference presentation: Leonard Green, "The Discounting Function" SQAB The presentation can be viewed on Youtube: https://www.youtube.com/watch?v=CDto8pAyG5M
1 | discount_exp(A, b, X)
|
A |
Amount of reward |
b |
Discounting rate parameter |
X |
Independent variable (i.e., delay, cognitive effort, probability) |
The notation was obtained from: Myerson, J., Green, L., & Warusawitharana, M. (2001). Area under the curve as a measure of discounting. Journal of the experimental analysis of behavior, 76 2, 235-43 .
Subjective value of the reward of amount A
1 2 3 4 | A <- 5000
b <- 7.760
X <- .5
discount_exp(A = A, b = b, X = X)
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