00:01
All right, so in order to answer this, we first need to properly define what delay discounting truly is in order to have a good understanding of how to answer the question.
00:12
So delay discounting, this is the decline in the present value of reward with delay to its receipt.
00:44
So something will have a higher value the faster it is given to you.
00:52
And this is applicable across a variety of species, populations, and reward types.
00:58
Declines hyperbolicly with delay.
01:02
So let's draw that out.
01:06
So that means, for example, you would see that it's going to look kind of like, essentially it declines really quickly and then kind of pans out after a certain amount of time.
01:29
And this question is asking us to decide in individuals with the pressure, who have higher delay discounting, what given choice would they most likely prefer? so, smaller, sooner reward over the larger later, the smaller later reward over the larger sooner reward, or the larger later reward over the smaller, sooner reward...