Social Discounting

2006441 citationsJournal Article

Authors

Abstract

The amount of money a person was willing to forgo in order to give 75 dollars to another person decreased as a hyperbolic function of the perceived social distance between them. Similar hyperbolic functions have previously been shown to describe both time and probability discounting.

Topics & Keywords

Decision-Making and Behavioral Economics Cognitive and psychological constructs research Mental Health Research Topics

UN Sustainable Development Goals

Reduced inequalities

Publication Details

Published in: Psychological Science

Volume 17, Issue 4, pp. 283-286

DOI: 10.1111/j.1467-9280.2006.01699.x

Field-Weighted Citation Impact: 3.07