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Can asymmetric subjective opportunity cost effect explain impatience in intertemporal choice? A replication study
Shen, Si-Chu1,2; Huang, Yuan-Na1,2; Jiang, Cheng-Ming3; Li, Shu2,4,5; Shen, Si-Chu6,7; Huang, Yuan-Na6,7; Jiang, Cheng-Ming8; Li, Shu7,9,10
First AuthorSi-Chu Shen
Correspondent Emailjiangchengming@ zjut.edu.cn. ; lishu@psych.ac.cn.
Contribution Rank1
Abstract

In "The value of nothing: asymmetric attention to opportunity costs drives intertemporal decision making" Read, Olivola and Hardisty (2017) proposed an asymmetric subjective opportunity cost (ASOC) effect to explain and predict why impatience can be detected in intertemporal choice. This work deserves to be replicated and extended for its novel and potentially important findings. The present study aimed to examine the reliability and robustness of the evidence presented by Read et al. by conducting precise replications of their key findings in Study 1. The ASOC effect (Read, et al., 2017) was important for expanding its application and reported to be typically stronger when baseline larger-but-later option (LL) and smallerbut- sooner option (SS) preferences were closer to 50% in the authors' original condition. Therefore, the present study also aimed to replicate and test the ASOC effect when baseline LL preferences were higher or lower than those in the original condition. We intended to set two additional conditions wherein either LL or SS is more obviously favored (i.e., baseline LL preferences were higher or lower than those in the original condition) by respectively applying the common difference effect (Kirby & Herrnstein, 1995) and the unit effect (Burson, Larrick & Lynch Jr., 2009; Pandelaere, Briers & Lembregts, 2011). Having successfully generated two more obviously favored conditions, the ASOC effect was replicated and confirmed under the original condition and one additional condition wherein SS was more obviously favored. However, the ASOC effect was not detected under the other additional condition wherein LL was more obviously favored. The implications of these findings were discussed.

Keywordintertemporal choice asymmetric subjective opportunity cost effect replication more obviously favored condition
2019-03-01
Language英语
Source PublicationJUDGMENT AND DECISION MAKING
ISSN1930-2975
Volume14Issue:2Pages:214-222
SubtypeArticle
Indexed BySCI
Funding ProjectNational Natural Science Foundation of China[71571164] ; National Natural Science Foundation of China[71761167001] ; CAS Key Laboratory of Behavioral Science, Institute of Psychology, Chinese Academy of Sciences[Y5CX052003] ; National Natural Science Foundation of China[31471005]
PublisherSOC JUDGMENT & DECISION MAKING
WOS Research AreaPsychology
WOS SubjectPsychology, Multidisciplinary
WOS IDWOS:000462724800011
Citation statistics
Cited Times:1[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.psych.ac.cn/handle/311026/28826
Collection中国科学院行为科学重点实验室
Corresponding AuthorJiang, Cheng-Ming; Li, Shu; Jiang, Cheng-Ming; Li, Shu
Affiliation1.Inst Psychol, CAS Key Lab Behav Sci, Beijing 100101, Peoples R China
2.Univ Chinese Acad Sci, Dept Psychol, Beijing 100049, Peoples R China
3.Zhejiang Univ, Sch Management, Hangzhou 310023, Zhejiang, Peoples R China
4.Chinese Acad Sci, Inst Psychol, CAS Key Lab Behav Sci, Beijing 100101, Peoples R China
5.Zhejiang Univ, Dept Psychol & Behav Sci, Hangzhou 310028, Zhejiang, Peoples R China
6.Inst Psychol, CAS Key Lab Behav Sci, Beijing 100101, Peoples R China
7.Univ Chinese Acad Sci, Dept Psychol, Beijing 100049, Peoples R China
8.Zhejiang Univ, Sch Management, Hangzhou 310023, Zhejiang, Peoples R China
9.Chinese Acad Sci, Inst Psychol, CAS Key Lab Behav Sci, Beijing 100101, Peoples R China
10.Zhejiang Univ, Dept Psychol & Behav Sci, Hangzhou 310028, Zhejiang, Peoples R China
First Author AffilicationKey Laboratory of Behavioral Science, CAS
Corresponding Author AffilicationKey Laboratory of Behavioral Science, CAS
Recommended Citation
GB/T 7714
Shen, Si-Chu,Huang, Yuan-Na,Jiang, Cheng-Ming,et al. Can asymmetric subjective opportunity cost effect explain impatience in intertemporal choice? A replication study[J]. JUDGMENT AND DECISION MAKING,2019,14(2):214-222.
APA Shen, Si-Chu.,Huang, Yuan-Na.,Jiang, Cheng-Ming.,Li, Shu.,Shen, Si-Chu.,...&Li, Shu.(2019).Can asymmetric subjective opportunity cost effect explain impatience in intertemporal choice? A replication study.JUDGMENT AND DECISION MAKING,14(2),214-222.
MLA Shen, Si-Chu,et al."Can asymmetric subjective opportunity cost effect explain impatience in intertemporal choice? A replication study".JUDGMENT AND DECISION MAKING 14.2(2019):214-222.
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