More is meaningful: The magnitude effect in intertemporal choice depends on self-control

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Abstract/Contents

Abstract
Impulsivity is a variable behavioral trait that depends on numerous factors. For example, increasing the absolute magnitude of available choice options promotes far-sighted decisions. We argue that this magnitude effect arises in part from differential exertion of self-control as the perceived importance of the choice increases. First, we demonstrate that frontal executive control areas are engaged for more difficult decisions and that this effect is enhanced for high magnitude rewards. Second, we show that increased hunger, which is associated with lower self-control, reduces the magnitude effect. Third, we tested an intervention designed to increase self-control and show that it interferes with the magnitude effect. Taken together, our findings challenge existing theories about the magnitude effect and suggest that visceral and cognitive factors affecting choice may do so by influencing self-control.

Description

Type of resource software, multimedia
Date created 2017

Creators/Contributors

Author Ballard, Ian C.
Collector Kim, Bokyung
Principal investigator McClure, Sam

Subjects

Subject self-control
Subject decision making
Subject intertemporal choice
Subject delay discounting
Subject magnitude effect
Genre Dataset

Bibliographic information

Related Publication Ballard, I. C., Kim, B., Liatsis, A., Aydogan, G., Cohen. J. D., McClure, S. M. 2017. More is Meaningful: The Magnitude Effect in Intertemporal Choice Depends on Self-Control. Psychological Science 28(10):1443-1454. http://doi.org/10.1177/0956797617711455
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Location https://purl.stanford.edu/bb333tj7983

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User agrees that, where applicable, content will not be used to identify or to otherwise infringe the privacy or confidentiality rights of individuals. Content distributed via the Stanford Digital Repository may be subject to additional license and use restrictions applied by the depositor.
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This work is licensed under an Open Data Commons Attribution License v1.0.

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Preferred Citation
Ballard, Ian C. and Kim, Bokyung and McClure, Sam. (2017). More is meaningful: The magnitude effect in intertemporal choice depends on self-control. Stanford Digital Repository. Available at: http://purl.stanford.edu/bb333tj7983

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