discount_exp: The Exponential Discounting Model

Description Usage Arguments Details Value Examples

View source: R/discount_exp.R

Description

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

Usage

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discount_exp(A, b, X)

Arguments

A

Amount of reward

b

Discounting rate parameter

X

Independent variable (i.e., delay, cognitive effort, probability)

Details

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 .

Value

Subjective value of the reward of amount A

Examples

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A <- 5000
b <- 7.760
X <- .5
discount_exp(A = A, b = b, X = X)

mncube/discountr documentation built on Dec. 21, 2021, 8:07 p.m.