Discounting of reward sequences: a test of competing formal models of hyperbolic discounting

Humans are known to discount future rewards hyperbolically in time. Nevertheless, a formal recursive model of hyperbolic discounting has been elusive until recently, with the introduction of the hyperbolically discounted temporal difference (HDTD) model. Prior to that, models of learning (especially...

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Bibliographic Details
Main Authors: Zarr, Noah, Alexander, William H., Brown, Joshua W.
Format: Online
Language:English
Published: Frontiers Media S.A. 2014
Online Access:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3944395/