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Sample records for irrigation rate discount

  1. On multiple discount rates

    OpenAIRE

    Chambers, Christopher P.; Echenique, Federico

    2016-01-01

    We propose a theory of intertemporal choice that is robust to specific assumptions on the discount rate. One class of models requires that one utility stream be chosen over another if and only if its discounted value is higher for all discount factors in a set. Another model focuses on an average discount factor. Yet another model is pessimistic, and evaluates a flow by the lowest available discounted value.

  2. Decomposing the social discount rate

    OpenAIRE

    Scarborough, Helen

    2010-01-01

    Recent modelling of the costs and benefits of climate change has renewed debate surrounding assumptions regarding the social discount rate in analysing the impacts of environmental change. Previous literature segments the social discount rate into being influenced by two key factors; the rate of pure time preference and the elasticity of marginal utility of future consumption. These components of the social discount rate reinforce the linkages between the choice of social discount rate and in...

  3. Aggregate Social Discount Rate Derived from Individual Discount Rates

    OpenAIRE

    Kenneth F. Reinschmidt

    2002-01-01

    In the economic evaluation of large public-sector projects, an aggregate social discount rate may be used in present worth comparison of alternatives. This paper uses the assumptions that individual discount rates are constant over time and approximately Normally distributed across the affected population, with mean \\mu and variance \\sigma 2 , to derive an aggregate discount function that is exponential in form but with time-dependent aggregate discount rate \\rho (t) = \\mu - \\sigma 2 t/2, whe...

  4. Estimating Discount Rates

    Directory of Open Access Journals (Sweden)

    Laurence Booth

    2015-04-01

    Full Text Available Discount rates are essential to applied finance, especially in setting prices for regulated utilities and valuing the liabilities of insurance companies and defined benefit pension plans. This paper reviews the basic building blocks for estimating discount rates. It also examines market risk premiums, as well as what constitutes a benchmark fair or required rate of return, in the aftermath of the financial crisis and the U.S. Federal Reserve’s bond-buying program. Some of the results are disconcerting. In Canada, utilities and pension regulators responded to the crash in different ways. Utilities regulators haven’t passed on the full impact of low interest rates, so that consumers face higher prices than they should whereas pension regulators have done the opposite, and forced some contributors to pay more. In both cases this is opposite to the desired effect of monetary policy which is to stimulate aggregate demand. A comprehensive survey of global finance professionals carried out last year provides some clues as to where adjustments are needed. In the U.S., the average equity market required return was estimated at 8.0 per cent; Canada’s is 7.40 per cent, due to the lower market risk premium and the lower risk-free rate. This paper adds a wealth of historic and survey data to conclude that the ideal base long-term interest rate used in risk premium models should be 4.0 per cent, producing an overall expected market return of 9-10.0 per cent. The same data indicate that allowed returns to utilities are currently too high, while the use of current bond yields in solvency valuations of pension plans and life insurers is unhelpful unless there is a realistic expectation that the plans will soon be terminated.

  5. Intergenerational equity and the social discount rate

    OpenAIRE

    Scarborough, Helen

    2011-01-01

    Recent modelling of the costs and benefits of climate change has renewed debate regarding assumptions for the social discount rate in analysing the impacts of environmental change. Previous literature suggests two key factors influence estimates of the social discount rate: the rate of pure time preference and the elasticity of marginal utility of future consumption. These components of the social discount rate reinforce the linkages between the choice of social discount rate and intergenerat...

  6. 18 CFR 704.39 - Discount rate.

    Science.gov (United States)

    2010-04-01

    ... 18 Conservation of Power and Water Resources 2 2010-04-01 2010-04-01 false Discount rate. 704.39... STANDARDS AND PROCEDURES Standards for Plan Formulation and Evaluation § 704.39 Discount rate. (a) The interest rate to be used in plan formulation and evaluation for discounting future benefits and computing...

  7. Optimal Discount Rates for Government Projects

    OpenAIRE

    Park, Sangkyun

    2012-01-01

    Project selection based on the net present value can be optimal only if the discount rate is optimal. The optimal discount rate for a government project can be a risk-free rate, a comparable market rate (market interest rate corresponding to the risk of cash flows to the government), or an adjusted market rate, depending on circumstances. This paper clarifies the conditions for each case. Provided that the optimal discount rate is the comparable market rate, it varies across intervention meth...

  8. Life cycle costing with a discount rate

    Science.gov (United States)

    Posner, E. C.

    1978-01-01

    This article studies life cycle costing for a capability needed for the indefinite future, and specifically investigates the dependence of optimal policies on the discount rate chosen. The two costs considered are reprocurement cost and maintenance and operations (M and O) cost. The procurement price is assumed known, and the M and O costs are assumed to be a known function, in fact, a non-decreasing function, of the time since last reprocurement. The problem is to choose the optimum reprocurement time so as to minimize the quotient of the total cost over a reprocurement period divided by the period. Or one could assume a discount rate and try to minimize the total discounted costs into the indefinite future. It is shown that the optimum policy in the presence of a small discount rate hardly depends on the discount rate at all, and leads to essentially the same policy as in the case in which discounting is not considered.

  9. Smoking, Discount Rates, and Returns to Education

    Science.gov (United States)

    Fersterer, Josef; Winter-Ebmer, Rudolf

    2003-01-01

    Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Insofar as discount rates are uncorrelated to ability, predicting school enrolment by discount rates can get rid of the ability bias in an earnings regression. Accordingly, we use smoking…

  10. Uncertain discount rates in climate policy analysis

    International Nuclear Information System (INIS)

    Newell, R.G.; Pizer, W.A.

    2004-01-01

    Consequences in the distant future - such as those from climate change--have little value today when discounted using conventional rates. This result contradicts our 'gut feeling' about such problems and often leads to ad hoc application of lower rates for valuations over longer horizons - a step facilitated by confusion and disagreement over the correct rate even over short horizons. We review the theory and intuition behind the choice of discount rates now and, importantly, the impact of likely variation in rates in the future. Correlated changes in future rates imply that the distant future should be discounted at much lower rates than suggested by the current rate, thereby raising the value of future consequences - regardless of opinions concerning the current rate. Using historic data to quantity the likely changes and correlation in changes in future rates, we find that future valuations rise by a factor of many thousands at horizons of 300 years or more, almost doubling the expected present value of climate mitigation benefits relative to constant 4% discounting. Ironically, uncertainty about future rates reduces the ratio of valuations based on alternate choices of the current rate

  11. Do Declining Discount Rates lead to Time Inconsistent Economic Advice?

    DEFF Research Database (Denmark)

    Hansen, Anders Chr.

    2006-01-01

    This paper addresses the risk of time inconsistency in economic appraisals related to the use of hyperbolic discounting (declining discount rates) instead of exponential discounting (constant discount rate). Many economists are uneasy about the prospects of potential time inconsistency. The paper...

  12. Discounting

    International Nuclear Information System (INIS)

    Jones, P.M.S.

    1987-01-01

    Discounting is a procedure used to facilitate comparison of investment options where either or both the investment and income are spread out in time. It is based on the observation that under most circumstances a sum of money in the hand is worth more to the holder than the same sum in real terms in the future, because the holder can use the money in the intervening time. As discounting is used widely in economic assessment it is valid to use it for assessing electricity generation by nuclear power or fuel cycle costs. The way in which discounting works is explained, including factors such as risk and non-monetary aspects. The rate of the discount is a matter of government policy. In the United Kingdom it is currently (1986) 5 percent per annum for projects such as hospitals and road building. There is no good reason for this to be different for energy projects. (U.K.)

  13. Skiba points for small discount rates

    NARCIS (Netherlands)

    Wagener, F.O.O.

    2006-01-01

    The present article uses perturbation techniques to approximate the value function of an economic minimization problem for small values of the discount rate. This can be used to obtain the approximate location of the Skiba states in the problem; these are states for which there are two distinct

  14. A 5-trial adjusting delay discounting task: Accurate discount rates in less than 60 seconds

    Science.gov (United States)

    Koffarnus, Mikhail N.; Bickel, Warren K.

    2014-01-01

    Individuals who discount delayed rewards at a high rate are more likely to engage in substance abuse, overeating, or problem gambling. Findings such as these suggest the value of methods to obtain an accurate and fast measurement of discount rate that can be easily deployed in variety of settings. In the present study, we developed and evaluated the 5-trial adjusting delay task, a novel method of obtaining discount rate in less than one minute. We hypothesized that discount rates from the 5-trial adjusting delay task would be similar and correlated with discount rates from a lengthier task we have used previously, and that four known effects relating to delay discounting would be replicable with this novel task. To test these hypotheses, the 5-trial adjusting delay task was administered to 111 college students six times to obtain discount rates for six different commodities, along with a lengthier adjusting amount discounting task. We found that discount rates were similar and correlated between the 5-trial adjusting delay task and the adjusting amount task. Each of the four known effects relating to delay discounting was replicated with the 5-trial adjusting delay task to varying degrees. First, discount rates were inversely correlated with amount. Second, discount rates between past and future outcomes were correlated. Third, discount rates were greater for consumable rewards than with money, although we did not control for amount in this comparison. Fourth, discount rates were lower when zero amounts opposing the chosen time point were explicitly described. Results indicate that the 5-trial adjusting delay task is a viable, rapid method to assess discount rate. PMID:24708144

  15. A 5-trial adjusting delay discounting task: accurate discount rates in less than one minute.

    Science.gov (United States)

    Koffarnus, Mikhail N; Bickel, Warren K

    2014-06-01

    Individuals who discount delayed rewards at a high rate are more likely to engage in substance abuse, overeating, or problem gambling. Such findings suggest the value of methods to obtain an accurate and fast measurement of discount rate that can be easily deployed in variety of settings. In the present study, we developed and evaluated the 5-trial adjusting delay task, a novel method of obtaining a discount rate in less than 1 min. We hypothesized that discount rates from the 5-trial adjusting delay task would be similar and would correlate with discount rates from a lengthier task we have used previously, and that 4 known effects relating to delay discounting would be replicable with this novel task. To test these hypotheses, the 5-trial adjusting delay task was administered to 111 college students 6 times to obtain discount rates for 6 different commodities, along with a lengthier adjusting amount discounting task. We found that discount rates were similar and correlated between the 5-trial adjusting delay task and the adjusting amount task. Each of the 4 known effects relating to delay discounting was replicated with the 5-trial adjusting delay task to varying degrees. First, discount rates were inversely correlated with amount. Second, discount rates between past and future outcomes were correlated. Third, discount rates were greater for consumable rewards than with money, although we did not control for amount in this comparison. Fourth, discount rates were lower when $0 amounts opposing the chosen time point were explicitly described. Results indicate that the 5-trial adjusting delay task is a viable, rapid method to assess discount rate. PsycINFO Database Record (c) 2014 APA, all rights reserved.

  16. Individual laboratory-measured discount rates predict field behavior.

    Science.gov (United States)

    Chabris, Christopher F; Laibson, David; Morris, Carrie L; Schuldt, Jonathon P; Taubinsky, Dmitry

    2008-12-01

    We estimate discount rates of 555 subjects using a laboratory task and find that these individual discount rates predict inter-individual variation in field behaviors (e.g., exercise, BMI, smoking). The correlation between the discount rate and each field behavior is small: none exceeds 0.28 and many are near 0. However, the discount rate has at least as much predictive power as any variable in our dataset (e.g., sex, age, education). The correlation between the discount rate and field behavior rises when field behaviors are aggregated: these correlations range from 0.09-0.38. We present a model that explains why specific intertemporal choice behaviors are only weakly correlated with discount rates, even though discount rates robustly predict aggregates of intertemporal decisions.

  17. Intergenerational transfers and the social discount rate

    International Nuclear Information System (INIS)

    Howarth, R.B.; Norgaard, R.B.

    1992-08-01

    This paper investigates the relationship between intergenerational asset transfers and the choice of the discount rate for use in cost-benefit analysis in a model of a competitive overlapping generations economy constrained by a socially managed exhaustible resource. Provided that there are no distortions in capital markets and that all agents hold perfect foresight, cost-benefit techniques will result in a Pareto efficient resource allocation if the discount rate is set equal to the market rate of interest. But since the path of the interest rate depends on the level of intergenerational transfers, cost-benefit techniques do not ensure a socially desirable distribution of welfare between generations; a social optimum will result only if intergenerational transfers are properly chosen and enforced. Decentralized private altruism may result in intergenerational transfers that both present and future individuals would agree are too small if members of the present generation attach positive weight to the general welfare of future generations, not simply their personal descendants. In a world where intergenerational transfers are non-optimal, second-best policy-making may imply a constrained optimum that is inefficient. Together, these findings suggest that cost-benefit analysis is at best a partial criterion to policy formulation that should be used only in conjunction with ethical principles that define the proper distribution of welfare between present and future generations

  18. The Individual Health Discount Rate in Patients with Ulcerative Colitis

    Science.gov (United States)

    Waljee, Akbar K.; Morris, Arden M.; Waljee, Jennifer F.; Higgins, Peter D.R.

    2015-01-01

    Background In cost-effectiveness analysis, discount rates are used in calculating the value of future costs and benefits. However, standard discount rates may not accurately describe the decision-making of patients with Ulcerative Colitis (UC). These patients often choose the long-term risks of immunosuppressive therapy over the short-term risks of colectomy, demonstrating very high discount rates for future health. In this study, we aimed to measure the discount rate in UC patients and identify variables associated with the discount rate. Methods We surveyed patients with UC and patients who were post-colectomy for UC to measure their valuations of UC and colectomy health states. We used Standard Gamble(SG) and Time-Trade-Off(TTO) methods to assess current and future health state valuations, and calculated the discount rate. Results Participants included 150 subjects with UC and 150 subjects who were post-colectomy for UC. Discount rates varied widely (20.6%–100%) with an overall median rate of 55.0%, which was significantly higher than the standard rate of 5%. Older age and male gender and predicted high discount rates (aversion to immediate risk in favor of distant future risk). For each additional decade of age, patients’ expected discount rate increased by 0.77%. Female gender was the only predictor of very low discount rates. Female patients’ discount rates averaged 8.1% less than age-matched males. Conclusions The accepted discount rate of 5% grossly underestimates UC patients’ preference for long-term over short-term risk. This might explain UC patients’ frequent choice of the long-term risks of immunosuppressive medical therapy over the short-term risks of colectomy. PMID:21560195

  19. Can we use human judgments to determine the discount rate?

    Science.gov (United States)

    Baron, J

    2000-12-01

    It has been suggested that the long-term discount rate for environmental goods should decrease at longer delays. One justification for this suggestion is that human judgments support it. This article presents an experiment showing that judgments concerning discount rates are internally inconsistent. These results point to potential problems with the use of judgments referenda for determining discount rates in cost-benefit analyses.

  20. Individual health discount rate in patients with ulcerative colitis.

    Science.gov (United States)

    Waljee, Akbar K; Morris, Arden M; Waljee, Jennifer F; Higgins, Peter D R

    2011-06-01

    In cost-effectiveness analysis, discount rates are used in calculating the value of future costs and benefits. However, standard discount rates may not accurately describe the decision-making of patients with ulcerative colitis (UC). These patients often choose the long-term risks of immunosuppressive therapy over the short-term risks of colectomy, demonstrating very high discount rates for future health. In this study we aimed to measure the discount rate in UC patients and identify variables associated with the discount rate. We surveyed patients with UC and patients who were postcolectomy for UC to measure their valuations of UC and colectomy health states. We used Standard Gamble (SG) and Time-Trade-Off (TTO) methods to assess current and future health state valuations and calculated the discount rate. Participants included 150 subjects with UC and 150 subjects who were postcolectomy for UC. Adjusted discount rates varied widely (0%-100%), with an overall median rate of 55.0% (interquartile range [IQR] 20.6-100), which was significantly higher than the standard rate of 5%. Within the normal range of discount rates, patients' expected discount rate increased by 0.80% for each additional year of age, and female patients had discount rates that averaged ≈ 8% less than their age-matched counterparts and approached statistical significance. The accepted discount rate of 5% grossly underestimates UC patients' preference for long-term over short-term risk. This might explain UC patients' frequent choice of the long-term risks of immunosuppressive medical therapy over the short-term risks of colectomy. Copyright © 2010 Crohn's & Colitis Foundation of America, Inc.

  1. Estimation of social discount rate for Lithuania

    Directory of Open Access Journals (Sweden)

    Vilma Kazlauskiene

    2016-09-01

    Full Text Available Purpose of the article: The paper seeks to analyse the problematics of estimation of the social discount rate (SDR. The SDR is the critical parameter of cost-benefit analysis, which allows calculating the present value of cost and the benefit of public sector investment projects. Incorrect choice of the SDR can lead to the realisation of ineffective public project or conversely, cost-effective project will be rejected. The relevance of this problem analysis is determined by discussions and different viewpoints of scientists on the choice of the most appropriate approach to determine the SDR and absence of methodically based the SDR on the national level of Lithuania. Methodology/methods: The research is performed by the scientific and methodical literature analysis, systematization, time series and regression analysis. Scientific aim: The aim of the article is to calculate the SDR based on the statistical data of Lithuania. Findings: The analysis of methods of SDR determination, as well as the researches performed by foreign researchers, allows stating that the social rate of time preference (SRTP approach is the most appropriate. The SDR, calculated by the SRTP approach, reflects the main purpose of public investment projects, i.e. to enhance social benefit for society, the best. The analyses of SDR determination practice of the foreign countries shows that the SDR level should not be universal for all states. Each country should calculate the SDR based on its own data and apply it for the assessment of public projects. Conclusions: The calculated SDR for Lithuania using the SRTP approach varies between 3.5% and 4.3%. Although it is lower than 5% that is offered by European Commission, this rate is based on the statistical data of Lithuania and should be used for the assessment of the national public projects. Applicatio

  2. Associations between Antisocial Personality Disorder and Sex on Discounting Rates.

    Science.gov (United States)

    Andrade, Leonardo F; Riven, Levi; Petry, Nancy M

    2014-12-01

    Numerous studies show that individuals with substance use and gambling problems discount delayed and probabilistic outcomes at different rates than controls. Few studies, however, investigated the association of discounting with antisocial personality disorders (ASPD), and none evaluated whether sex impacts these relationships. Because females with ASPD exhibit different patterns of antisocial behavior than their male counterparts, they may also differ in their decision-making tendencies. This study examined the effects of ASPD and sex on discounting in pathological gamblers. Results revealed effects of ASPD, and an interaction between ASPD and sex, on probability discounting rates. None of these variables, however, were related to delay discounting. Females with ASPD highly preferred probabilistic outcomes, suggesting that female gamblers with ASPD are particularly impulsive when it comes to probabilistic rewards. Greater understanding of sex differences in ASPD might help guide the selection of more effective sex-specific prevention and treatment programs.

  3. Review of assessment methods discount rate in investment analysis

    Directory of Open Access Journals (Sweden)

    Yamaletdinova Guzel Hamidullovna

    2011-08-01

    Full Text Available The article examines the current methods of calculating discount rate in investment analysis and business valuation, as well as analyzes the key problems using various techniques in terms of the Russian economy.

  4. Speed control variable rate irrigation

    Science.gov (United States)

    Speed control variable rate irrigation (VRI) is used to address within field variability by controlling a moving sprinkler’s travel speed to vary the application depth. Changes in speed are commonly practiced over areas that slope, pond or where soil texture is predominantly different. Dynamic presc...

  5. Discount Rate and Timber Rotation: the Case of Eucalyptus Saligna

    OpenAIRE

    Camilo Restrepo; Mauricio Alviar

    2010-01-01

    Eucalyptus is one of the most important economical and environmental species in Colombia. The main goal of this article is to study the relationship between the discount rate and the year of Eucalyptus Saligna optimal harvest, through the Fisher and Hotelling’s method. The methodology consists of calculating the maximum Net Present Value and performing a sensitivity analysis between the year of harvest and the discount rate. The area of study is located in the eastern region of the state of A...

  6. Discounting the distant future—Data on Australian discount rates estimated by a stochastic interest rate model

    Directory of Open Access Journals (Sweden)

    Chi Truong

    2017-04-01

    Full Text Available Data on certainty equivalent discount factors and discount rates for stochastic interest rates in Australia are provided in this paper. The data has been used for the analysis of investments into climate adaptation projects in ׳It׳s not now or never: Implications of investment timing and risk aversion on climate adaptation to extreme events׳ (Truong and Trück, 2016 [3] and can be used for other cost-benefit analysis studies in Australia. The data is of particular interest for the discounting of projects that create monetary costs and benefits in the distant future.

  7. Discounting the distant future-Data on Australian discount rates estimated by a stochastic interest rate model.

    Science.gov (United States)

    Truong, Chi; Trück, Stefan

    2017-04-01

    Data on certainty equivalent discount factors and discount rates for stochastic interest rates in Australia are provided in this paper. The data has been used for the analysis of investments into climate adaptation projects in ׳It׳s not now or never: Implications of investment timing and risk aversion on climate adaptation to extreme events ׳ (Truong and Trück, 2016) [3] and can be used for other cost-benefit analysis studies in Australia. The data is of particular interest for the discounting of projects that create monetary costs and benefits in the distant future.

  8. An Adjusted Discount Rate Model for Fuel Cycle Cost Estimation

    Energy Technology Data Exchange (ETDEWEB)

    Kim, S. K.; Kang, G. B.; Ko, W. I. [Korea Atomic Energy Research Institute, Daejeon (Korea, Republic of)

    2013-10-15

    Owing to the diverse nuclear fuel cycle options available, including direct disposal, it is necessary to select the optimum nuclear fuel cycles in consideration of the political and social environments as well as the technical stability and economic efficiency of each country. Economic efficiency is therefore one of the significant evaluation standards. In particular, because nuclear fuel cycle cost may vary in each country, and the estimated cost usually prevails over the real cost, when evaluating the economic efficiency, any existing uncertainty needs to be removed when possible to produce reliable cost information. Many countries still do not have reprocessing facilities, and no globally commercialized HLW (High-level waste) repository is available. A nuclear fuel cycle cost estimation model is therefore inevitably subject to uncertainty. This paper analyzes the uncertainty arising out of a nuclear fuel cycle cost evaluation from the viewpoint of a cost estimation model. Compared to the same discount rate model, the nuclear fuel cycle cost of a different discount rate model is reduced because the generation quantity as denominator in Equation has been discounted. Namely, if the discount rate reduces in the back-end process of the nuclear fuel cycle, the nuclear fuel cycle cost is also reduced. Further, it was found that the cost of the same discount rate model is overestimated compared with the different discount rate model as a whole.

  9. An Adjusted Discount Rate Model for Fuel Cycle Cost Estimation

    International Nuclear Information System (INIS)

    Kim, S. K.; Kang, G. B.; Ko, W. I.

    2013-01-01

    Owing to the diverse nuclear fuel cycle options available, including direct disposal, it is necessary to select the optimum nuclear fuel cycles in consideration of the political and social environments as well as the technical stability and economic efficiency of each country. Economic efficiency is therefore one of the significant evaluation standards. In particular, because nuclear fuel cycle cost may vary in each country, and the estimated cost usually prevails over the real cost, when evaluating the economic efficiency, any existing uncertainty needs to be removed when possible to produce reliable cost information. Many countries still do not have reprocessing facilities, and no globally commercialized HLW (High-level waste) repository is available. A nuclear fuel cycle cost estimation model is therefore inevitably subject to uncertainty. This paper analyzes the uncertainty arising out of a nuclear fuel cycle cost evaluation from the viewpoint of a cost estimation model. Compared to the same discount rate model, the nuclear fuel cycle cost of a different discount rate model is reduced because the generation quantity as denominator in Equation has been discounted. Namely, if the discount rate reduces in the back-end process of the nuclear fuel cycle, the nuclear fuel cycle cost is also reduced. Further, it was found that the cost of the same discount rate model is overestimated compared with the different discount rate model as a whole

  10. Estimating implied rates of discount in healthcare decision-making.

    Science.gov (United States)

    West, R R; McNabb, R; Thompson, A G H; Sheldon, T A; Grimley Evans, J

    2003-01-01

    To consider whether implied rates of discounting from the perspectives of individual and society differ, and whether implied rates of discounting in health differ from those implied in choices involving finance or "goods". The study comprised first a review of economics, health economics and social science literature and then an empirical estimate of implied rates of discounting in four fields: personal financial, personal health, public financial and public health, in representative samples of the public and of healthcare professionals. Samples were drawn in the former county and health authority district of South Glamorgan, Wales. The public sample was a representative random sample of men and women, aged over 18 years and drawn from electoral registers. The health professional sample was drawn at random with the cooperation of professional leads to include doctors, nurses, professions allied to medicine, public health, planners and administrators. The literature review revealed few empirical studies in representative samples of the population, few direct comparisons of public with private decision-making and few direct comparisons of health with financial discounting. Implied rates of discounting varied widely and studies suggested that discount rates are higher the smaller the value of the outcome and the shorter the period considered. The relationship between implied discount rates and personal attributes was mixed, possibly reflecting the limited nature of the samples. Although there were few direct comparisons, some studies found that individuals apply different rates of discount to social compared with private comparisons and health compared with financial. The present study also found a wide range of implied discount rates, with little systematic effect of age, gender, educational level or long-term illness. There was evidence, in both samples, that people chose a lower rate of discount in comparisons made on behalf of society than in comparisons made for

  11. Selection of a discount rate for use in NRC regulatory analyses and application of discount rates to future averted health effects

    International Nuclear Information System (INIS)

    Paananen, O.H.; Hendrickson, P.L.

    1993-01-01

    The principal objective of this report is to provide background information and recommendations on the use of discount rates in the regulatory analysis process. The report focuses on two issues selecting the appropriate discount rate or rates to use when conducting a regulatory analysis, and applying the selected discount rate to future health-related benefits estimated to result from alternative regulatory actions

  12. Incentivizing Decentralized Sanitation: The Role of Discount Rates.

    Science.gov (United States)

    Wood, Alison; Blackhurst, Michael; Garland, Jay L; Lawler, Desmond F

    2016-06-21

    In adoption decisions for decentralized sanitation technologies, two decision makers are involved: the public utility and the individual homeowner. Standard life cycle cost is calculated from the perspective of the utility, which uses a market-based discount rate in these calculations. However, both decision-makers must be considered, including their differing perceptions of the time trade-offs inherent in a stream of costs and benefits. This study uses the discount rate as a proxy for these perceptions and decision-maker preferences. The results in two case studies emphasize the dependence on location of such analyses. Falmouth, Massachusetts, appears to be a good candidate for incentivizing decentralized sanitation while the Allegheny County Sanitary Authority service area in Pennsylvania appears to have no need for similar incentives. This method can be applied to any two-party decision in which the parties are expected to have different discount rates.

  13. Temporal discounting and heart rate reactivity to stress.

    Science.gov (United States)

    Diller, James W; Patros, Connor H G; Prentice, Paula R

    2011-07-01

    Temporal discounting is the reduction of the value of a reinforcer as a function of increasing delay to its presentation. Impulsive individuals discount delayed consequences more rapidly than self-controlled individuals, and impulsivity has been related to substance abuse, gambling, and other problem behaviors. A growing body of literature has identified biological correlates of impulsivity, though little research to date has examined relations between delay discounting and markers of poor health (e.g., cardiovascular reactivity to stress). We evaluated the relation between one aspect of impulsivity, measured using a computerized temporal discounting task, and heart rate reactivity, measured as a change in heart rate from rest during a serial subtraction task. A linear regression showed that individuals who were more reactive to stress responded more impulsively (i.e., discounted delayed reinforcers more rapidly). When results were stratified by gender, the effect was observed for females, but not for males. This finding supports previous research on gender differences in cardiovascular reactivity and suggests that this type of reactivity may be an important correlate of impulsive behavior. Copyright © 2011 Elsevier B.V. All rights reserved.

  14. Description, prescription and the choice of discount rates

    International Nuclear Information System (INIS)

    Baum, Seth D.

    2009-01-01

    The choice of discount rates is a key issue in the analysis of long-term societal issues, in particular environmental issues such as climate change. Approaches to choosing discount rates are generally placed into two categories: the descriptive approach and the prescriptive approach. The descriptive approach is often justified on grounds that it uses a description of how society discounts instead of having analysts impose their own discounting views on society. This paper analyzes the common forms of the descriptive and prescriptive approaches and finds that, in contrast with customary thinking, both forms are equally descriptive and prescriptive. The prescriptions concern who has standing (i.e. who is included) in society, how the views of these individuals are measured, and how the measurements are aggregated. Such prescriptions are necessary to choose from among the many possible descriptions of how society discounts. The descriptions are the measurements made given a choice of measurement technique. Thus, the labels 'descriptive approach' and 'prescriptive approach' are deeply misleading, as analysts cannot avoid imposing their own views on society. (author)

  15. Discount rates for social cost benefit analysis of nuclear energy

    International Nuclear Information System (INIS)

    Owen, P.A.

    1978-01-01

    The question that this paper addresses is how decisions affecting many citizens should be made when there are uncertain outcomes in the distant future. By distant is meant beyond the lifetimes of individuals alive now. Thus the proposed methodology would apply to many decisions in nuclear energy from the investment in new energy sources such as fusion, to the long-term storage of wastes. Decisions of this type have usually been analyzed using cost benefit analysis. In this case, future outcomes are discounted at the so-called social discount rate. By comparison, the proposed methodology uses information on individual citizen's preferences and willingness to pay to make a future generation better off. The connection between the proposed approach and more traditional discounting techniques is examined using the government decision about storing helium for the future as an example

  16. Combining Environmental and Spatial Discount Rates for Valuation of Assets According to International Financial Reporting Standards

    Directory of Open Access Journals (Sweden)

    Jaunzeme Justine Sophia

    2016-06-01

    Full Text Available Application of discount rate in finance and accounting is founded on the concept of time value of money. Discounted cash flow model is widely used for asset valuation under the International Financial Reporting Standards (in abbreviation, IFRS. The discount rate applied in valuation models normally is the best rate of return that investors would earn alternative investments. With emergence of ecological economics as a separate branch of economics, the concept of ecological (or in other words, environmental discount rate has been elaborated. Muller (2013 in his paper ‘The Discounting Confusion: an Ecological Economics Perspective’, argues that traditional discounting can undermine long-term sustainability of the economy. In his work, Frank G. Muller considered adjusting the traditional discount rate in order to arrive at an environmental discount rate, which would help to ensure the sustainability of the economy. Hannon (2001 and Perrings (2001 in their paper ‘An Introduction to Spatial Discounting’ consider another variation of the discount rate - spatial discount rate. Spatial discount rate represents the rate at which the diffusion of environmental effects of economic activities is discounted over space. By February 2016, neither the application of environmental nor spatial discount rates under IFRS has been considered. The purpose of this paper is to analyse the implications that environmental and spatial discounting would have for the application of discounted cash flow model according to IFRS. The research methods applied are methods of economic analysis and synthesis.

  17. Implicit individual discount rate in China: A contingent valuation study.

    Science.gov (United States)

    Wang, Hua; He, Jie

    2018-03-15

    Two contingent valuation (CV) surveys were conducted in Kunming, China, to estimate households' willingness to pay (WTP) for the Panlong River rehabilitation project. The two surveys were conducted using the same procedures and questionnaires except for the payment schedule arrangements, which permitted a calculation of respondents' implicit discount rate. The surveys provided two estimates of WTP, one with a mean of 23 Yuan in monthly payment over 5 years and the other with a mean of 311 Yuan in a lump-sum payment that will cover all the expenses for a period of 5 years. The results produce an estimate of monthly discount rate of 7.6%-12.6% or annual discount rate of 141-315%. The estimates are higher than that reported from those studies conducted in the U.S., but are compatible with that of some other studies. This study also shows that both mean individual WTP and implicit individual discount rates are closely related to household demographic and economic characteristics and environment-related perceptions, as reported in the studies conducted in other countries. Copyright © 2017 Elsevier Ltd. All rights reserved.

  18. Pension Fund Asset Allocation and Liability Discount Rates

    NARCIS (Netherlands)

    Andonov, Aleksandar; Bauer, Rob; Cremers, Martijn

    2017-01-01

    The unique regulation of U.S. public pension funds links their liability discount rate to the expected return on assets, which gives them incentives to invest more in risky assets in order to report a better funding status. Comparing public and private pension funds in the United States, Canada, and

  19. Choosing the Discount Rate for Defense Decisionmaking.

    Science.gov (United States)

    1976-07-01

    a weighted average of the after-personal-income-tax rate of return to savers and the pre- corporate - income - tax cost of capital. Stockfisch calcu].ates...occurs between the corporate and noncorporate sector. Many economists assume 100 percent shifting of the corporate income tax , so if the corporate ...capital is a weighted average of the after-personal-income-tax rate of return to savers and the pre- corporate - income - tax cost of capital. Stockfisch

  20. TEMPORAL INSENSITIVITY OF PVWTP AND IMPLIED DISCOUNT RATES IN CVM

    OpenAIRE

    Kim, Sooil; Haab, Timothy C.

    2003-01-01

    The sensitivity of WTP is tested in terms of the present value and the implied discount rates are derived by varying the length of benefit and the temporal payment schedules. Results show that holding the length of the project constant, the present value of willingness to pay does not vary significantly across payment schemes (one time payment, versus life of the project, versus perpetuity). Heteroskedasticity of error term over payment schemes fails to be accepted. Holding the payment scheme...

  1. 78 FR 67393 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2013-11-12

    ... Discount Rate for Water Resources Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate...

  2. 31 CFR 356.21 - How are awards at the high yield or discount rate calculated?

    Science.gov (United States)

    2010-07-01

    ... discount rate calculated? 356.21 Section 356.21 Money and Finance: Treasury Regulations Relating to Money... high yield or discount rate calculated? (a) Awards to submitters. We generally prorate bids at the highest accepted yield or discount rate under § 356.20(a)(2) of this part. For example, if 80.15% is the...

  3. Cash Flow and Discount Rate Risk in Up and Down Markets: What is actually priced?

    NARCIS (Netherlands)

    Botshekan, M.; Kraeussl, R.G.W.; Lucas, A.

    2012-01-01

    We test whether asymmetric preferences for losses versus gains affect the prices of cash flow versus discount rate risk. We construct a return decomposition distinguishing cash flow and discount rate betas in up and down markets. Using U.S. data, we find that downside cash flow and discount rate

  4. Manipulating the discount rate when valuing international investment projects

    Directory of Open Access Journals (Sweden)

    A. A. Medved

    2017-01-01

    Full Text Available The article deals with the practice of evaluation of international investment projects using the cash flow discounting rate. The problem of the discount rate manipulating is connected with the category “country risk”, which often determines the impact on the rate and, accordingly, the investment decisions. Critically examines existing approaches to the definition of “country risk”. Categories that make up a complete picture of “country risk” are distinguished. The general defect of existing country risk concepts is revealed – the fact that the measurements are based on rather subjective assessments and do not have sufficient empirical evidence, the fact that almost all of them have a clear liberal democratic bias: as a rule, drawing attention to the relationship between the political system and stability, the liberal democratic structure of society is recognized as the most stable, without any acceptable scientific evidence, followed by autocracy, military dictatorships and new independent states. The author affirms the lack of a clear and unambiguous definition of this category, the controversial approach to ranking of countries. The author analyzes and proves the bias of rating assigned by foreign companies. As a conclusion the need to create a national research concept of the “country risk” category is аffirms with the subsequent promotion of national rating agencies to the world market. The author's conception of the category “country risk” is proposed, an author's definition is given to this notion, it is recommended to establish the primacy of national ratings over foreign ones both in domestic and international relations in order to have independent influence on international capital flows. It is also proposed the evaluation of projects based on the dynamic discounting rates, especially for long-term strategic projects.

  5. Discount rate in the spent fuel storage and disposal fee

    International Nuclear Information System (INIS)

    Forster, J.D.; Cohen, S.

    1980-04-01

    After introducing the financial analyses, discount rates, and interest rates involved, the study discusses existing government guidelines for establishing charges for any service provided by the government to be paid by users of those services. Three current government user charges are analyzed including specifically their interest rate policies and how these charges provide precedent for the spent fuel acceptance and disposal fee: uranium enrichment services, the sale of electric power, and the delivery of experiments to orbit by the NASA Space Shuttle. The current DOE policy regarding this storage and disposal fee is stated and discussed. Features of this policy include: the full government cost is borne by users of the services provided; the fee is established and due in full at the time of spent fuel delivery; and the fee is adjusted when spent fuel is transferred from the AFR to the repository. Four evaluation criteria for use in analyzing the applications of discount rates in the spent fuel acceptance fee calculation are discussed. Three outstanding issues are discussed

  6. Individual discount rates and smoking: evidence from a field experiment in Denmark.

    Science.gov (United States)

    Harrison, Glenn W; Lau, Morten I; Rutström, E Elisabet

    2010-09-01

    We elicit measures of individual discount rates from a representative sample of the Danish population and test two substantive hypotheses. The first hypothesis is that smokers have higher individual discount rates than non-smokers. The second hypothesis is that smokers are more likely to have time inconsistent preferences than non-smokers, where time inconsistency is indicated by a hyperbolic discounting function. We control for the concavity of the utility function in our estimates of individual discount rates and find that male smokers have significantly higher discount rates than male non-smokers. However, smoking has no significant association with discount rates among women. This result is robust across exponential and hyperbolic discounting functions. We consider the sensitivity of our conclusions to a statistical specification that allows each observation to potentially be generated by more than one latent data-generating process. Copyright 2010 Elsevier B.V. All rights reserved.

  7. Subjective discount rates in the general population and their predictive power for energy saving behavior

    International Nuclear Information System (INIS)

    Bruderer Enzler, Heidi; Diekmann, Andreas; Meyer, Reto

    2014-01-01

    Why do people sometimes refrain from saving energy even if it would pay off in monetary terms? Subjective discount rates present one possible explanation for this lack of foresight, but little is known about their level and reliability in the general population. With regard to behavior, persons with lower discount rates are expected to accept additional costs upfront more readily than those with higher discount rates. Based on a representative nation-wide study, the Swiss Environmental Survey 2007, and a follow-up survey, our analyses reveal that on average subjective discount rates are well above market interest rates and moderately stable over a time interval of four years. Income and education are negatively correlated with discount rates. Contrary to expectations, we did not find convincing support for an impact of discount rates on energy saving behavior. - Highlights: • Results of a large panel study in Switzerland. • Mean subjective discount rates in population are well above market interest rates. • Subjective discount rates are moderately stable over four years. • Theory suggests impact of subjective discount rates on energy saving behavior. • However, subjective discount rates do not contribute to explanation of energy saving behavior

  8. Stress hormones predict hyperbolic time-discount rates six months later in adults.

    Science.gov (United States)

    Takahashi, Taiki; Shinada, Mizuho; Inukai, Keigo; Tanida, Shigehito; Takahashi, Chisato; Mifune, Nobuhiro; Takagishi, Haruto; Horita, Yutaka; Hashimoto, Hirofumi; Yokota, Kunihiro; Kameda, Tatsuya; Yamagishi, Toshio

    2010-01-01

    Stress hormones have been associated with temporal discounting. Although time-discount rate is shown to be stable over a long term, no study to date examines whether individual differences in stress hormones could predict individuals' time-discount rates in the relatively distant future (e.g., six month later), which is of interest in neuroeconomics of stress-addiction association. We assessed 87 participants' salivary stress hormone (cortisol, cortisone, and alpha-amylase) levels and hyperbolic discounting of delayed rewards consisting of three magnitudes, at the time-interval of six months. For salivary steroid assays, we employed a liquid chromatography/ mass spectroscopy (LC/MS) method. The correlations between the stress hormone levels and time-discount rates were examined. We observed that salivary alpha-amylase (sAA) levels were negatively associated with time-discount rates in never-smokers. Notably, salivary levels of stress steroids (i.e., cortisol and cortisone) negatively and positively related to time-discount rates in men and women, respectively, in never-smokers. Ever-smokers' discount rates were not predicted from these stress hormone levels. Individual differences in stress hormone levels predict impulsivity in temporal discounting in the future. There are sex differences in the effect of stress steroids on temporal discounting; while there was no sex defference in the relationship between sAA and temporal discounting.

  9. Commercial Discount Rate Estimation for Efficiency Standards Analysis

    Energy Technology Data Exchange (ETDEWEB)

    Fujita, K. Sydny [Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

    2016-04-13

    Underlying each of the Department of Energy's (DOE's) federal appliance and equipment standards are a set of complex analyses of the projected costs and benefits of regulation. Any new or amended standard must be designed to achieve significant additional energy conservation, provided that it is technologically feasible and economically justified (42 U.S.C. 6295(o)(2)(A)). A proposed standard is considered economically justified when its benefits exceed its burdens, as represented by the projected net present value of costs and benefits. DOE performs multiple analyses to evaluate the balance of costs and benefits of commercial appliance and equipment e efficiency standards, at the national and individual building or business level, each framed to capture different nuances of the complex impact of standards on the commercial end user population. The Life-Cycle Cost (LCC) analysis models the combined impact of appliance first cost and operating cost changes on a representative commercial building sample in order to identify the fraction of customers achieving LCC savings or incurring net cost at the considered efficiency levels.1 Thus, the choice of commercial discount rate value(s) used to calculate the present value of energy cost savings within the Life-Cycle Cost model implicitly plays a key role in estimating the economic impact of potential standard levels.2 This report is intended to provide a more in-depth discussion of the commercial discount rate estimation process than can be readily included in standard rulemaking Technical Support Documents (TSDs).

  10. Discount rates, equity weights and the social cost of carbon

    International Nuclear Information System (INIS)

    Hope, Chris

    2008-01-01

    Equity weighting has been proposed as a way of allowing welfare equivalents to be included in the social cost of carbon since a dollar to a poor person is worth more than a dollar to a rich one. Here we use the PAGE2002 integrated assessment model to show that the social cost of carbon is higher without equity weights (an elasticity of marginal utility with respect to income of 0) than with them. This might seem counter-intuitive, but it comes about because of the logical link between equity weights and discount rates; as the elasticity goes from 0 to - 0.5 to - 1.0, the social rate of time preference rises, and the drop in present values that results far outweighs the small increase in impacts that equity weights bring. (author)

  11. The WACC Fallacy: The Real Effects of Using a Unique Discount Rate

    OpenAIRE

    Krüger, Philipp; Landier, Augustin; Thesmar, David

    2011-01-01

    We document investment distortions induced by the use of a single discount rate within firms. According to textbook capital budgeting, firms should value any project using a discount rate determined by the risk characteristics of the project. If they use a unique company-wide discount rate, they overinvest (resp. underinvest) in divisions with a market beta higher (resp. lower) than the firm's core industry beta. We directly test this consequence of the WACC fallacy and establish a robust and...

  12. Heroin addicts have higher discount rates for delayed rewards than non-drug-using controls.

    Science.gov (United States)

    Kirby, K N; Petry, N M; Bickel, W K

    1999-03-01

    Fifty-six heroin addicts and 60 age-matched controls were offered choices between monetary rewards ($11-$80) available immediately and larger rewards ($25-$85) available after delays ranging from 1 week to 6 months. Participants had a 1-in-6 chance of winning a reward that they chose on one randomly selected trial. Delay-discounting rates were estimated from the pattern of participants' choices. The discounting model of impulsiveness (Ainslie, 1975) implies that delay-discounting rates are positively correlated with impulsiveness. On average, heroin addicts' discount rates were twice those of controls (p = .004), and discount rates were positively correlated with impulsivity as measured by self-report questionnaires (p discounting rate as a measure of impulsiveness, a characteristic associated with substance abuse.

  13. Philosophical origins of the social rate of discount in cost-benefit analysis.

    Science.gov (United States)

    Robinson, J C

    1990-01-01

    The social rate of discount--that is, the way decision makers today evaluate future consequences of collective activity--raises difficult issues of intergenerational justice. When benefits are discounted at the present rate the United States government requires, serious efforts to promote public health over the long term will fail cost-benefit tests. No consensus exists among theorists to establish fair rates; philosophers support discounting with economic arguments that economists reject, while economists no less paradoxically support the concept using philosophical arguments that philosophers disavow. A new emphasis on the role of consumers' and citizens' time preferences, however, will keep open rather than close debates on the social discount rate.

  14. Investigation of the existing methodology of value estimation and methods of discount rate estimation

    OpenAIRE

    Plikus, Iryna

    2017-01-01

    The subject of research is the current practice of determining the fair value of assets and liabilities at the present (discounted) cost. One of the most problematic places is the determination of the discount rate, which belongs to the jurisdiction of a professional accountant judgment.The methods of formalization, hypothetical assumption, system approach and scientific abstraction in substantiating the formation of accounting policy with respect to the choice of the discount rate are used i...

  15. The consumption discount rate for the distant future (if we do not die out)

    NARCIS (Netherlands)

    Vermeylen, K.

    2013-01-01

    Gollier and Weitzman (2010) show that if future consumption discount rates are uncertain and persistent, the consumption discount rate should decline to its lowest possible value for events in the most distant future. In this paper, I argue that the lowest possible growth rate of consumption per

  16. Zone edge effects with variable rate irrigation

    Science.gov (United States)

    Variable rate irrigation (VRI) systems may offer solutions to enhance water use efficiency by addressing variability within a field. However, the design of VRI systems should be considered to maximize application uniformity within sprinkler zones, while minimizing edge effects between such zones alo...

  17. 78 FR 16706 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2013-03-18

    ... Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water resources planning...

  18. 75 FR 8106 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2010-02-23

    ... Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water resources planning...

  19. 75 FR 82066 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2010-12-29

    ... Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water resources planning...

  20. 76 FR 73674 - Change in Discount Rate for Water Resources Planning

    Science.gov (United States)

    2011-11-29

    ... Planning AGENCY: Bureau of Reclamation, Interior. ACTION: Notice of change. SUMMARY: The Water Resources Planning Act of 1965 and the Water Resources Development Act of 1974 require an annual determination of a discount rate for Federal water resources planning. The discount rate for Federal water resources planning...

  1. 77 FR 1743 - Discount Rates for Cost-Effectiveness Analysis of Federal Programs

    Science.gov (United States)

    2012-01-11

    ... OFFICE OF MANAGEMENT AND BUDGET Discount Rates for Cost-Effectiveness Analysis of Federal Programs... Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified... (Revised December 2011) Discount Rates for Cost-Effectiveness, Lease Purchase, and Related Analyses...

  2. 76 FR 7881 - Discount Rates for Cost-Effectiveness Analysis of Federal Programs

    Science.gov (United States)

    2011-02-11

    ... OFFICE OF MANAGEMENT AND BUDGET Discount Rates for Cost-Effectiveness Analysis of Federal Programs... Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as specified... (Revised December 2010) DISCOUNT RATES FOR COST-EFFECTIVENESS, LEASE PURCHASE, AND RELATED ANALYSES...

  3. 78 FR 6140 - Discount Rates for Cost-Effectiveness Analysis of Federal Programs

    Science.gov (United States)

    2013-01-29

    ... OFFICE OF MANAGEMENT AND BUDGET Discount Rates for Cost-Effectiveness Analysis of Federal Programs... in Appendix C are to be used for cost-effectiveness analysis, including lease-purchase analysis, as...) Discount Rates for Cost-Effectiveness, Lease Purchase, and Related Analyses Effective Dates. This appendix...

  4. Long-term impacts of mega-projects: the discount rate

    NARCIS (Netherlands)

    Koopmans, C.; Rietveld, P.; Priemus, H.; van Wee, B.

    2013-01-01

    In social cost-benefit analysis (SCBA), discount rates are used to convert costs and benefits that occur at different points in time, to present values that can be added and subtracted. Especially if important costs and benefits occur in the long term (more than say 30 years), the discount rate may

  5. Temporal discounting rates and their relation to exercise behavior in older adults.

    Science.gov (United States)

    Tate, Linda M; Tsai, Pao-Feng; Landes, Reid D; Rettiganti, Mallikarjuna; Lefler, Leanne L

    2015-12-01

    As our nation's population ages, the rates of chronic illness and disability are expected to increase significantly. Despite the knowledge that exercise may prevent chronic disease and promote health among older adults, many still are inactive. Factors related to exercise behaviors have been explored in recent years. However, temporal discounting is a motivational concept that has not been explored in regard to exercise in older adults. Temporal discounting is a decision making process by which an individual chooses a smaller more immediate reward over a larger delayed reward. The aim of this study was to determine if temporal discounting rates vary between exercising and non-exercising older adults. This study used cross-sectional survey of 137 older adults living in the community. Older adults were recruited from 11 rural Arkansas churches. The Kirby delay-discounting Monetary Choice Questionnaire was used to collect discounting rates and then bivariate analysis was performed to compare temporal discounting rate between the exercisers and non-exercisers. Finally, multivariate analysis was used to compare discounting rate controlling for other covariates. The results indicated that exercising older adults display lower temporal discounting rates than non-exercising older adults. After controlling for education, exercisers still have lower temporal discounting rates than non-exercisers (phealth conditions relate to lack of exercise especially in older adults. This research suggests that if we can find appropriate incentives for discounting individuals, some type of immediate reward, then potentially we can design programs to engage and retain older adults in exercise. Copyright © 2015 Elsevier Inc. All rights reserved.

  6. Harnessing the uncertainty monster: Putting quantitative constraints on the intergenerational social discount rate

    Science.gov (United States)

    Lewandowsky, Stephan; Freeman, Mark C.; Mann, Michael E.

    2017-09-01

    There is broad consensus among economists that unmitigated climate change will ultimately have adverse global economic consequences, that the costs of inaction will likely outweigh the cost of taking action, and that social planners should therefore put a price on carbon. However, there is considerable debate and uncertainty about the appropriate value of the social discount rate, that is the extent to which future damages should be discounted relative to mitigation costs incurred now. We briefly review the ethical issues surrounding the social discount rate and then report a simulation experiment that constrains the value of the discount rate by considering 4 sources of uncertainty and ambiguity: Scientific uncertainty about the extent of future warming, social uncertainty about future population and future economic development, political uncertainty about future mitigation trajectories, and ethical ambiguity about how much the welfare of future generations should be valued today. We compute a certainty-equivalent declining discount rate that accommodates all those sources of uncertainty and ambiguity. The forward (instantaneous) discount rate converges to a value near 0% by century's end and the spot (horizon) discount rate drops below 2% by 2100 and drops below previous estimates by 2070.

  7. Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion.

    Science.gov (United States)

    Wu, Desheng; Chen, Shuzhen

    2017-08-01

    Benchmarking a credible discount rate is of crucial importance in natural resource damage assessment (NRDA) and restoration evaluation. This article integrates a holistic framework of NRDA with prevailing low discount rate theory, and proposes a discount rate benchmarking decision support system based on service-specific risk aversion. The proposed approach has the flexibility of choosing appropriate discount rates for gauging long-term services, as opposed to decisions based simply on duration. It improves injury identification in NRDA since potential damages and side-effects to ecosystem services are revealed within the service-specific framework. A real embankment case study demonstrates valid implementation of the method. © 2017 Society for Risk Analysis.

  8. The discount rate in the economic evaluation of prevention: a thought experiment

    NARCIS (Netherlands)

    L.G.A. Bonneux (Luc); E. Birnie (Erwin)

    2001-01-01

    textabstractOBJECTIVES: In the standard economic model of evaluation, constant discount rates devalue the long term health benefits of prevention strongly. This study shows that it is unlikely that this reflects societal preference. DESIGN: A thought experiment in a

  9. Optimizing Discount Rates: Expressing Preferences for Sustainable Outcomes in Present Value Calculations

    OpenAIRE

    Axelrod, David

    2017-01-01

    This paper describes how the discount rate used in present value calculations expresses the preference for sustainability in decision making, and its implication for sustainable economic growth. In essence, the lower the discount rate, the greater the regard for the future, and the more likely we choose behaviors that lead to long-term sustainability. The theoretical framework combines behavioral economics and holonomics, which involve limitations of regard for the future due to constraints o...

  10. Assessing Discount Rate for a Project Financed Entirely with Equity Capital

    Directory of Open Access Journals (Sweden)

    Nicoleta Vintila

    2007-09-01

    Full Text Available Estimating discount rate for an investment project is one of the most challenging tasks incapital budgeting. In this paper we discuss different kind of models for cost of equity capital proposed infinance literature (static CAPM, conditional CAPM, APT, build-up model, focusing especially on advantagesand disadvantages of using each of them. In the final section, we estimate the discount rate fora certain project financed entirely with equity capital, using a version of build-up model.

  11. Discount rates in risk versus money and money versus money tradeoffs.

    Science.gov (United States)

    Alberini, Anna; Chiabai, Aline

    2007-04-01

    We use data from a survey of residents of five Italian cities conducted in late spring 2004 to estimate the discount rates implicit in (1) money versus future risk reductions and (2) money versus money tradeoffs. We find that the mean personal discount rate is 0.3-1.7% in (1) and 8.7% in (2). The latter is lower than the discount rates estimated in comparable situations in many recent studies, greater than market interest rates in Italy at the time, and exhibits modest variation with age and gender. The discount rate implicit in money versus risk tradeoffs is within the range of estimates from studies in the United States and Europe, and does not depend on observable individual characteristics. We use split samples to investigate whether a completely abstract risk reduction - one where the risk reduction delivery has been stripped of all specifics, so that respondents should focus on the risks without being distracted by details - results in WTP and discount figures comparable to those from an identified delivery mechanism (a medical test). We find that while WTP for an immediate risk reduction is 42-73% higher with the abstract risk reduction, the discount rate in the money versus risk tradeoffs and the variance of the error term in the WTP equation are the same across the two variants of the questionnaire.

  12. Optimal harvesting of fish stocks under a time-varying discount rate.

    Science.gov (United States)

    Duncan, Stephen; Hepburn, Cameron; Papachristodoulou, Antonis

    2011-01-21

    Optimal control theory has been extensively used to determine the optimal harvesting policy for renewable resources such as fish stocks. In such optimisations, it is common to maximise the discounted utility of harvesting over time, employing a constant time discount rate. However, evidence from human and animal behaviour suggests that we have evolved to employ discount rates which fall over time, often referred to as "hyperbolic discounting". This increases the weight on benefits in the distant future, which may appear to provide greater protection of resources for future generations, but also creates challenges of time-inconsistent plans. This paper examines harvesting plans when the discount rate declines over time. With a declining discount rate, the planner reduces stock levels in the early stages (when the discount rate is high) and intends to compensate by allowing the stock level to recover later (when the discount rate will be lower). Such a plan may be feasible and optimal, provided that the planner remains committed throughout. However, in practice there is a danger that such plans will be re-optimized and adjusted in the future. It is shown that repeatedly restarting the optimization can drive the stock level down to the point where the optimal policy is to harvest the stock to extinction. In short, a key contribution of this paper is to identify the surprising severity of the consequences flowing from incorporating a rather trivial, and widely prevalent, "non-rational" aspect of human behaviour into renewable resource management models. These ideas are related to the collapse of the Peruvian anchovy fishery in the 1970's. Copyright © 2010 Elsevier Ltd. All rights reserved.

  13. Measuring Transpiration to Regulate Winter Irrigation Rates

    Energy Technology Data Exchange (ETDEWEB)

    Samuelson, Lisa [Auburn University

    2006-11-08

    Periodic transpiration (monthly sums) in a young loblolly pine plantation between ages 3 and 6 was measured using thermal dissipation probes. Fertilization and fertilization with irrigation were better than irrigation alone in increasing transpiration of young loblolly pines during winter months, apparently because of increased leaf area in fertilized trees. Irrigation alone did not significantly increase transpiration compared with the non-fertilized and non-irrigated control plots.

  14. Reviewing and piloting methods for decreasing discount rates; someone, somewhere in time.

    Science.gov (United States)

    Parouty, Mehraj B Y; Krooshof, Daan G M; Westra, Tjalke A; Pechlivanoglou, Petros; Postma, Maarten J

    2013-08-01

    There has been substantial debate on the need for decreasing discounting for monetary and health gains in economic evaluations. Next to the discussion on differential discounting, a way to identify the need for such discounting strategies is through eliciting the time preferences for monetary and health outcomes. In this article, the authors investigate the perceived time preference for money and health gains through a pilot survey on Dutch university students using methods on functional forms previously suggested. Formal objectives of the study were to review such existing methods and to pilot them on a convenience sample using a questionnaire designed for this specific purpose. Indeed, a negative relation between the time of delay and the variance of the discounting rate for all models was observed. This study was intended as a pilot for a large-scale population-based investigation using the findings from this pilot on wording of the questionnaire, interpretation, scope and analytic framework.

  15. THE DISCOUNT RATE POLICY IN ROMANIA IN THE 20TH CENTURY

    Directory of Open Access Journals (Sweden)

    Pociovalisteanu Diana

    2009-05-01

    Full Text Available Throughout the 20th century, economists have generally acknowledged the importance of the central bank discount rate as the reference interest rate in a country: by increasing the interest rate during economic booms that forego the busts, the Central Bank

  16. 77 FR 10767 - Rate Adjustments for Indian Irrigation Projects

    Science.gov (United States)

    2012-02-23

    ... Irrigation Project on the proposed rates about the following issues: (1) The methodology for O&M rate setting..., Irrigation Project Manager, (Project operations and management contracted to Tribes), R.R.1, Box 980, Harlem... Projects AGENCY: Bureau of Indian Affairs, Interior. ACTION: Notice of rate adjustments. SUMMARY: The...

  17. 77 FR 68886 - Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation

    Science.gov (United States)

    2012-11-16

    ... DEPARTMENT OF THE TREASURY Fiscal Service Rate for Use in Federal Debt Collection and Discount and... responsible for computing and publishing the percentage rate to be used in assessing interest charges for outstanding debts owed to the Government. Treasury's Cash Management Requirements (TFM Volume I, Part 6...

  18. Stochastic Discount Factor Approach to International Risk-Sharing: Evidence from Fixed Exchange Rate Episodes

    NARCIS (Netherlands)

    Hadzi-Vaskov, M.; Kool, C.J.M.

    2007-01-01

    This paper presents evidence of the stochastic discount factor approach to international risk-sharing applied to fixed exchange rate regimes. We calculate risk-sharing indices for two episodes of fixed or very rigid exchange rates: the Eurozone before and after the introduction of the Euro, and

  19. The Effects of Inflation and Interest Rates on Delay Discounting in Human Behavior

    Science.gov (United States)

    Kawashima, Kentaro

    2006-01-01

    Interest and inflation rates may be major determinants of delay discounting, but these variables have not been controlled in past experiments because they depend on macroeconomic conditions. This study uses a computer game-like task to investigate the effects of inflation rates on people's subjective valuation of delayed rewards. During the task,…

  20. Performance evaluation of a center pivot variable rate irrigation system

    Science.gov (United States)

    Variable Rate Irrigation (VRI) for center pivots offers potential to match specific application rates to non-uniform soil conditions along the length of the lateral. The benefit of such systems is influenced by the areal extent of these variations and the smallest scale to which the irrigation syste...

  1. Peanut canopy temperature and NDVI response to varying irrigation rates

    Science.gov (United States)

    Variable rate irrigation (VRI) systems have the potential to conserve water by spatially allocating limited water resources. In this study, peanut was grown under a VRI system to evaluate the impact of differential irrigation rates on peanut yield. Additionally, we evaluated the impact of differenti...

  2. Discounting Behavior

    DEFF Research Database (Denmark)

    Andersen, Steffen; Harrison, Glenn W.; Lau, Morten

    2014-01-01

    We re-evaluate the theory, experimental design and econometrics behind claims that individuals exhibit non-constant discounting behavior. Theory points to the importance of controlling for the non-linearity of the utility function of individuals, since the discount rate is defined over time-dated...

  3. Economic rate of discount and estimating cost benefit of viral immunisation programmes.

    Science.gov (United States)

    West, R R

    1999-01-01

    Many individual and societal decisions over purchase (or investment) involve consideration of timing, in that either the price may be paid now and the benefit enjoyed some time in the future or the converse the benefit enjoyed now and the price paid later. Since most individuals generally prefer the present to the future, economic theory has conventionally discounted future costs or benefits to estimate 'net present values'. The rationale for this is principally based on future uncertainty. In recent years, economists have turned their attention to valuing health as an economic 'good'. Observations of individual behaviour would imply that individuals discount future health, as other potential benefits, mostly because there is some uncertainty about their futures. Although economic theory is strongly predicated on the 'sovereignty of the individual', it does not necessarily follow that society discounts the future as do individuals, since for society the future is not so uncertain. Society's endorsement of many public health and preventive medicine objectives, which seek health gains in the future (rather than the present), imply that society's rate of discount may be appreciably lower than that of individuals. In immunisation, arguably one of the most effective of preventive measures, there is the additional benefit to others attributable to herd immunity. This paper argues that the future health gains for society arising from immunisation should not be underestimated by application of inappropriate discounting.

  4. Focus on the future: Episodic future thinking reduces discount rate and snacking.

    Science.gov (United States)

    Dassen, Fania C M; Jansen, Anita; Nederkoorn, Chantal; Houben, Katrijn

    2016-01-01

    Obesity seems related to a preference for immediate gratification. By changing this focus on short term benefits to a more future-oriented outlook, delay discounting (impulsive decision making) can be changed by a manipulation of episodic future thinking (EFT). EFT comprises a vivid mental simulation of general future experiences. EFT may also affect consumption of unhealthy foods, which can be seen as a choice for immediate gratification. Recent research shows that future orientation should be tailored to the behavior at outcome. We therefore hypothesize that the effectiveness of EFT on food intake could be enhanced by making the content food-related. We conducted a 2 (future vs past thinking) by 2 (food vs non-food related thoughts) between-subject design experiment in female undergraduates (N = 94), to compare the efficacy of EFT versus the recalling of episodic past events in reducing discount rate and caloric intake. Content of imagery was either unrestricted or food-related. Participants engaged in EFT or control episodic imagery while snacks were offered to freely consume, and next the Monetary Choice Questionnaire was completed as a measure of delay discounting, while again being engaged in EFT or control imagery. Both types of EFT reduced delay discounting, however, only food-related EFT lead to more restricted caloric consumption. Thus, we found evidence that EFT reduced discount rate during decision making. However, in order to restrict caloric intake, EFT should entail food-related imagery. As discount rate and caloric intake were not related in the current sample, the underlying mechanism remains to be discovered. Results however suggest that EFT is a promising technique to resist immediate gratification. Copyright © 2015 Elsevier Ltd. All rights reserved.

  5. Discount rates and the education gradient in mammography in the UK.

    Science.gov (United States)

    Bíró, Anikó

    2013-09-01

    I analyse intertemporal decisions on undertaking breast cancer screening by women aged 50-64  years in the UK and provide estimates of the rate of discounting potential future benefits of screening. I also analyse education differences in mammography decisions and examine the underlying mechanisms by which education influences breast cancer screening attendance. I estimate a structural model, which reveals that although there are differences in the disutility of breast cancer screening between education groups, there is no difference in the estimated discount factor. These results suggest that the observed education gradient is mainly due to differences in health behaviours and healthcare attitudes. Copyright © 2013 John Wiley & Sons, Ltd.

  6. Buyer-vendor coordination for fixed lifetime product with quantity discount under finite production rate

    Science.gov (United States)

    Zhang, Qinghong; Luo, Jianwen; Duan, Yongrui

    2016-03-01

    Buyer-vendor coordination has been widely addressed; however, the fixed lifetime of the product is seldom considered. In this paper, we study the coordination of an integrated production-inventory system with quantity discount for a fixed lifetime product under finite production rate and deterministic demand. We first derive the buyer's ordering policy and the vendor's production batch size in decentralised and centralised systems. We then compare the two systems and show the non-coordination of the ordering policies and the production batch sizes. To improve the supply chain efficiency, we propose quantity discount contract and prove that the contract can coordinate the buyer-vendor supply chain. Finally, we present analytically tractable solutions and give a numerical example to illustrate the benefits of the proposed quantity discount strategy.

  7. 76 FR 72498 - Rate for Use in Federal Debt Collection and Discount and Rebate Evaluation

    Science.gov (United States)

    2011-11-23

    ... interest charges for outstanding debts owed to the Government. Treasury's Cash Management Requirements (TFM... DEPARTMENT OF THE TREASURY Fiscal Service Rate for Use in Federal Debt Collection and Discount and...: Pursuant to Section 11 of the Debt Collection Act of 1982, as amended, (31 U.S.C. 3717), the Secretary of...

  8. "Just Give Me a Number!" Practical Values for the Social Discount Rate

    Science.gov (United States)

    Moore, Mark A.; Boardman, Anthony E.; Vining, Aidan R.; Weimer, David L.; Greenberg, David H.

    2004-01-01

    A major reason the quality of cost-benefit analysis (CBA) varies widely is inconsistent use of the social discount rate (SDR). This article offers guidance about the choice of the SDR. Namely, we recommend the following procedures: If the project is intragenerational (does not have effects beyond 50 years) and there is no crowding out of private…

  9. The impact of education on subjective discount rate in Ugandan villages

    Czech Academy of Sciences Publication Activity Database

    Bauer, Michal; Chytilová, J.

    2010-01-01

    Roč. 58, č. 4 (2010), s. 643-669 ISSN 0013-0079 R&D Projects: GA MŠk LC542 Keywords : education * subjective discount rate * rural populations * Uganda Subject RIV: AH - Economics Impact factor: 1.392, year: 2010

  10. A note on high discount rates and depletion of primary forests

    NARCIS (Netherlands)

    Bulte, E; vanSoest, D

    1996-01-01

    Conventional wisdom implies that high discount rates accelerate depletion of tropical forests. As shown in this article, this result does not necessarily hold in a two-state variable model that distinguishes between primary and secondary forest stocks. In the context of a fixed concession period and

  11. Tables of compound-discount interest rate multipliers for evaluating forestry investments.

    Science.gov (United States)

    Allen L. Lundgren

    1971-01-01

    Tables, prepared by computer, are presented for 10 selected compound-discount interest rate multipliers commonly used in financial analyses of forestry investments. Two set of tables are given for each of the 10 multipliers. The first set gives multipliers for each year from 1 to 40 years; the second set gives multipliers at 5-year intervals from 5 to 160 years....

  12. The Discount Rate for Defense Decisionmaking: Some New Considerations,

    Science.gov (United States)

    1978-11-01

    the pre- corporate - income - tax cost of capital. Stockfisch calculates the pre-tax rate of return in several corporate sectors and takes a weighted average...economists assume 100 percent shifting of the corporate income tax , so if the corporate income tax is 50 percent, then the rate of return in the

  13. Implicit discount rates of vascular surgeons in the management of abdominal aortic aneurysms.

    Science.gov (United States)

    Enemark, U; Lyttkens, C H; Troëng, T; Weibull, H; Ranstam, J

    1998-01-01

    A growing empirical literature has investigated attitudes towards discounting of health benefits with regard to social choices of life-saving and health-improving measures and individuals' time preferences for the management of their own health. In this study, the authors elicited the time preferences of vascular surgeons in the context of management of small abdominal aortic aneurysms, for which the choice between early elective surgery and watchful waiting is not straightforward. They interviewed 25 of a random sample of 30 Swedish vascular surgeons. Considerable variation in the time preferences was found in the choices between watchful waiting and surgical intervention among the otherwise very homogeneous group of surgeons. The discount rates derived ranged from 5.3% to 19.4%. The median discount rate (10.4%) is similar to those usually reported for social choices concerning life-saving measures. The surgeons who were employed in university hospitals had higher discount rates than did their colleagues in county and district hospitals.

  14. Delay Discounting Rates Are Temporally Stable in an Equivalent Present Value Procedure Using Theoretical and Area under the Curve Analyses

    Science.gov (United States)

    Harrison, Justin; McKay, Ryan

    2012-01-01

    Temporal discounting rates have become a popular dependent variable in social science research. While choice procedures are commonly employed to measure discounting rates, equivalent present value (EPV) procedures may be more sensitive to experimental manipulation. However, their use has been impeded by the absence of test-retest reliability data.…

  15. 75 FR 61747 - Discount Energy Group, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes...

    Science.gov (United States)

    2010-10-06

    ... proceeding of Discount Energy Group, LLC's application for market-based rate authority, with an accompanying... DEPARTMENT OF ENERGY Federal Energy Regulatory Commission [Docket No. ER10-2803-000] Discount Energy Group, LLC; Supplemental Notice That Initial Market-Based Rate Filing Includes Request for Blanket...

  16. ChargeOut! : discounted cash flow compared with traditional machine-rate analysis

    Science.gov (United States)

    Ted Bilek

    2008-01-01

    ChargeOut!, a discounted cash-flow methodology in spreadsheet format for analyzing machine costs, is compared with traditional machine-rate methodologies. Four machine-rate models are compared and a common data set representative of logging skidders’ costs is used to illustrate the differences between ChargeOut! and the machine-rate methods. The study found that the...

  17. Stated time preferences for health: a systematic review and meta analysis of private and social discount rates.

    Science.gov (United States)

    Mahboub-Ahari, Alireza; Pourreza, Abolghasem; Sari, Ali Akbari; Rahimi Foroushani, Abbas; Heydari, Hassan

    2014-01-01

    The present study aimed to provide better insight on methodological issues related to time preference studies, and to estimate private and social discount rates, using a rigorous systematic review and meta-analysis. We searched PubMed, EMBASE and Proquest databases in June 2013. All studies had estimated private and social time preference rates for health outcomes through stated preference approach, recognized eligible for inclusion. We conducted both fixed and random effect meta-analyses using mean discount rate and standard deviation of the included studies. I-square statistics was used for testing heterogeneity of the studies. Private and social discount rates were estimated separately via Stata11 software. Out of 44 screened full texts, 8 population-based empirical studies were included in qualitative synthesis. Reported time preference rates for own health were from 0.036 to 0.07 and for social health from 0.04 to 0.2. Private and social discount rates were estimated at 0.056 (95% CI: 0.038, 0.074) and 0.066 (95% CI: 0.064, 0.068), respectively. Considering the impact of time preference on healthy behaviors and because of timing issues, individual's time preference as a key determinant of policy making should be taken into account. Direct translation of elicited discount rates to the official discount rates has been remained questionable. Decisions about the proper discount rate for health context, may need a cross-party consensus among health economists and policy makers.

  18. A Social Discount Rate for Climate Damage to Future Generations Based on Regulatory Law

    Energy Technology Data Exchange (ETDEWEB)

    Davidson, M.D. [Department of Philosophy, Faculty of Humanities, University of Amsterdam, Nieuwe Doelenstraat 15, 1012 CP Amsterdam (Netherlands)

    2006-05-15

    This article examines the implications for the social discount rate for damage due to climate change if risk to future generations is handled in accordance with the laws regulating our handling of risk to contemporaries. The conclusions are the following. Under current law, neither geographic distance nor differences in wealth between risk creator and risk bearer play any part in establishing a standard of 'reasonable care'. The concept of intergenerational justice requires these same principles to be applied in the intergenerational context too, implying a zero consumption rate of interest for climate damage. Assuming that the extent to which mitigation is at the expense of alternative investments is equal to society's marginal propensity to save, the social discount rate becomes society's marginal propensity to save times the long-term market rate of return on private investment, implying a social discount rate of around one per cent or a fraction of one per cent. This formula is exact under the assumption of average saving behaviour and by attributing consumption losses due to investment in damage prevention before damage occurs to the risk creator and after damage occurs to the risk bearer.

  19. The Dividend Discount Model with Multiple Growth Rates of Any Order for Stock Evaluation

    OpenAIRE

    Hatemi-J, Abdulnasser; El-Khatib, Youssef

    2018-01-01

    In this paper we provide a general solution for the dividend discount model in order to compute the intrinsic value of a common stock that allows for multiple stage growth rates of any predetermined number of periods. A mathematical proof is provided for the suggested general solution. A numerical application is also presented. The solution introduced in this paper is expected to improve on the precision of stock valuation, which might be of fundamental importance for investors as well as fin...

  20. Incorporating a Time Horizon in Rate-of-Return Estimations: Discounted Cash Flow Model in Electric Transmission Rate Cases

    International Nuclear Information System (INIS)

    Chatterjee, Bishu; Sharp, Peter A.

    2006-01-01

    Electric transmission and other rate cases use a form of the discounted cash flow model with a single long-term growth rate to estimate rates of return on equity. It cannot incorporate information about the appropriate time horizon for which analysts' estimates of earnings growth have predictive powers. Only a non-constant growth model can explicitly recognize the importance of the time horizon in an ROE calculation. (author)

  1. The discount rate in the economic evaluation of prevention: a thought experiment.

    Science.gov (United States)

    Bonneux, L; Birnie, E

    2001-02-01

    In the standard economic model of evaluation, constant discount rates devalue the long term health benefits of prevention strongly. This study shows that it is unlikely that this reflects societal preference. A thought experiment in a cause elimination life table calculates savings of eliminating cardiovascular disease from the Dutch population. A cost effectiveness analysis calculates the acceptable costs of such an intervention at a threshold of 18 000 Euro per saved life year. Cause specific mortality (all cardiovascular causes of death and all other causes) and health care costs (all costs of cardiovascular disease and all other causes of costs) by age and male sex of 1994. At a 0% discount rate, an intervention eliminating cardiovascular disease may cost 71 100 Euro. At the same threshold but at discount rates of 3% or 6%, the same intervention may cost 8100 Euro (8.8 times less) or 1100 Euro (65 times less). The standard economic model needs more realistic duration dependent models of time preference, which reflect societal preference.

  2. Results of reference pricing and reimbursement discount rate schemes of Turkey

    Directory of Open Access Journals (Sweden)

    Guvenc Kockaya

    2013-06-01

    Full Text Available OBJECTIVES: General Directorate of Pharmaceuticals and Pharmacy (IEGM is responsible for setting all prices for human medicinal products. The reference pricing system is used for setting these prices. Reference countries are reviewed annually and may be subject to certain alterations. There were 5 reference countries in 2009: Spain, Italy, Germany, France and Greece. The aim of this study is to show the distribution of reference countries which were used for reference pricing.METHODS: The price list of pharmaceuticals which was published by IEGM on 15.04.2011 was used for analysis. Distribution of reference countries and prices were evaluated.RESULTS: Prices of 6,251 generic and 3,703 original products were set according to the price list. 5,283 of generics and 3,306 of originals were in the positive list for reimbursement. Reference pricing was used for 2,352 generics and 2,281 originals. Prices of the remaining were set outside of reference pricing. 32 different countries were used for reference pricing. Italy was the most popular country for reference pricing. Even if it was not a reference country, Germany was used in some of the pharmaceuticals. The average reimbursement discount rate and price were 24.43% and 249 TL, respectively. There were no colerations between price and reimbursement discount rate, or reference country and reimbursement rate.CONCLUSION: It has been shown that Italy has the highest impact on the pricing of all pharmaceuticals in Turkey. Even if it was not a reference country, Germany showed to affect pharmaceuticals more than other countries which were also not used for reference pricing. Even if reimbursement discount rates are stated by the Social Security Institution (SGK, there are different discount rates for pharmaceuticals. The analysis stated that there were correlation between price, country and discount rates. This analysis is first for the literature. Further analysis is necessary in the light of price

  3. Financial modeling in medicine: cash flow, basic metrics, the time value of money, discount rates, and internal rate of return.

    Science.gov (United States)

    Lexa, Frank James; Berlin, Jonathan W

    2005-03-01

    In this article, the authors cover tools for financial modeling. Commonly used time lines and cash flow diagrams are discussed. Commonly used but limited terms such as payback and breakeven are introduced. The important topics of the time value of money and discount rates are introduced to lay the foundation for their use in modeling and in more advanced metrics such as the internal rate of return. Finally, the authors broach the more sophisticated topic of net present value.

  4. Heroin and cocaine abusers have higher discount rates for delayed rewards than alcoholics or non-drug-using controls.

    Science.gov (United States)

    Kirby, Kris N; Petry, Nancy M

    2004-04-01

    To test a prediction of the discounting model of impulsiveness that discount rates would be positively associated with addiction. The delay-discount rate refers to the rate of reduction in the present value of a future reward as the delay to that reward increases. We estimated participants' discount rates on the basis of their pattern of choices between smaller immediate rewards ($11-80) and larger, delayed rewards ($25-85; at delays from 1 week to 6 months) in a questionnaire format. Participants had a one-in-six chance of winning a reward that they chose on one randomly selected trial. Heroin (n = 27), cocaine (n = 41) and alcohol (n = 33) abusers and non-drug-using controls (n = 44) were recruited from advertisements. They were tested in a drug abuse research clinic at a medical school. On average, the cocaine and heroin groups had higher rates than controls (both P rates for heroin abusers (P = 0.03), but not for cocaine or alcohol abusers (both P > 0.50). These data suggest that discount rates vary with the preferred drug of abuse, and that high discount rates should be considered in the development of substance abuse prevention and treatment efforts.

  5. Temporal framing and the hidden-zero effect: rate-dependent outcomes on delay discounting.

    Science.gov (United States)

    Naudé, Gideon P; Kaplan, Brent A; Reed, Derek D; Henley, Amy J; DiGennaro Reed, Florence D

    2018-05-01

    Recent research suggests that presenting time intervals as units (e.g., days) or as specific dates, can modulate the degree to which humans discount delayed outcomes. Another framing effect involves explicitly stating that choosing a smaller-sooner reward is mutually exclusive to receiving a larger-later reward, thus presenting choices as an extended sequence. In Experiment 1, participants (N = 201) recruited from Amazon Mechanical Turk completed the Monetary Choice Questionnaire in a 2 (delay framing) by 2 (zero framing) design. Regression suggested a main effect of delay, but not zero, framing after accounting for other demographic variables and manipulations. We observed a rate-dependent effect for the date-framing group, such that those with initially steep discounting exhibited greater sensitivity to the manipulation than those with initially shallow discounting. Subsequent analyses suggest these effects cannot be explained by regression to the mean. Experiment 2 addressed the possibility that the null effect of zero framing was due to within-subject exposure to the hidden- and explicit-zero conditions. A new Amazon Mechanical Turk sample completed the Monetary Choice Questionnaire in either hidden- or explicit-zero formats. Analyses revealed a main effect of reward magnitude, but not zero framing, suggesting potential limitations to the generality of the hidden-zero effect. © 2018 Society for the Experimental Analysis of Behavior.

  6. Fluctuation of blood pressure and pulse rate during colostomy irrigation.

    Science.gov (United States)

    Sadahiro, S; Noto, T; Tajima, T; Mitomi, T; Miyazaki, T; Numata, M

    1995-06-01

    The aim of this study was to determine the effects of colostomy irrigation on the vital signs of patients with left colostomy. Twenty-two consecutive patients who underwent abdominoperineal resection for cancer of the lower rectum and had left lower quadrant end colostomy were included in this study. Subjective symptoms, blood pressure, and pulse rate during the first irrigation were investigated. Fluctuation of blood pressure during instillation was 8.0/8.5 mmHg (average) and 25.0/17.9 mmHg during evacuation. Fluctuation of pulse rate was 5.5 per minute (average) during instillation and 11.5 per minute during evacuation. The number of subjects who showed more than 20% fluctuation of systolic pressure was 12 (54.5 percent) and that of diastolic pressure was 14 (63.6 percent). One of 22 patients complained of illness during irrigation. Although colostomy irrigation showed no significant effects on vital signs in the majority of patients, it caused a significant reduction in both blood pressure and pulse rate in a small number of patients. Careful attention should be paid to vital signs considering the possibility of such effects, especially on the initial irrigation.

  7. Estimation of evapotranspiration rate in irrigated lands using stable isotopes

    Science.gov (United States)

    Umirzakov, Gulomjon; Windhorst, David; Forkutsa, Irina; Brauer, Lutz; Frede, Hans-Georg

    2013-04-01

    Agriculture in the Aral Sea basin is the main consumer of water resources and due to the current agricultural management practices inefficient water usage causes huge losses of freshwater resources. There is huge potential to save water resources in order to reach a more efficient water use in irrigated areas. Therefore, research is required to reveal the mechanisms of hydrological fluxes in irrigated areas. This paper focuses on estimation of evapotranspiration which is one of the crucial components in the water balance of irrigated lands. Our main objective is to estimate the rate of evapotranspiration on irrigated lands and partitioning of evaporation into transpiration using stable isotopes measurements. Experiments has done in 2 different soil types (sandy and sandy loam) irrigated areas in Ferghana Valley (Uzbekistan). Soil samples were collected during the vegetation period. The soil water from these samples was extracted via a cryogenic extraction method and analyzed for the isotopic ratio of the water isotopes (2H and 18O) based on a laser spectroscopy method (DLT 100, Los Gatos USA). Evapotranspiration rates were estimated with Isotope Mass Balance method. The results of evapotranspiration obtained using isotope mass balance method is compared with the results of Catchment Modeling Framework -1D model results which has done in the same area and the same time.

  8. Towards a social discount rate for the economic evaluation of health technologies in Germany: an exploratory analysis.

    Science.gov (United States)

    Schad, Mareike; John, Jürgen

    2012-04-01

    Over the last decades, methods for the economic evaluation of health care technologies were increasingly used to inform reimbursement decisions. For a short time, the German Statutory Health Insurance makes use of these methods to support reimbursement decisions on patented drugs. In this context, the discounting procedure emerges as a critical component of these methods, as discount rates can strongly affect the resulting incremental cost-effectiveness ratios. The aim of this paper is to identify the appropriate value of a social discount rate to be used by the German Statutory Health Insurance for the economic evaluation of health technologies. On theoretical grounds, we build on the widespread view of contemporary economists that the social rate of time preference (SRTP) is the adequate social discount rate. For quantifying the SRTP, we first apply the market behaviour approach, which assumes that the SRTP is reflected in observable market interest rates. As a second approach, we derive the SRTP from optimal growth theory by using the Ramsey equation. A major part of the paper is devoted to specify the parameters of this equation. Depending on various assumptions, our empirical findings result in the range of 1.75-4.2% for the SRTP. A reasonable base case discount rate for Germany, thus, would be about 3%. Furthermore, we deal with the much debated question whether a common discount rate for costs and health benefits or a lower rate for health should be applied in health economic evaluations. In the German social health insurance system, no exogenously fixed budget constraint does exist. When evaluating a new health technology, the health care decision maker is obliged to conduct an economic evaluation in order to examine whether there is an economically appropriate relation between the value of the health gains and the additional costs which are given by the value of the consumption losses due to the additional health care expenditures. Therefore, a discount

  9. The discount rate and the value of remaining years of life

    OpenAIRE

    Hartwick, John

    2008-01-01

    We back out an estimate of a personal discount rate of between 3 and 4 percent for a person with a life expectancy of 74 years who dies at age 30 (or 40) and has a value of statistical life of $6.3 million. Central to these calculations is the series generated by Murphy and Topel of value of life years (the dollar value of consumption plus the dollar value of leisure, with some smoothing for income in retirement). We employ the Makeham "model" of life expectancy in our calculations.

  10. determination of design inflow rate in furrow irrigation using ...

    African Journals Online (AJOL)

    Dr Obe

    taken as the minimum inflow rate which gave rise to a minimum water application efficiency of. 60% and a minimum distribution uniformity of 75%. It is recommended that the procedure described in this work is useful for the modification of existing furrow irrigation systems and the establishment of new ones. Also, the design ...

  11. Discounting in Economic Evaluations.

    Science.gov (United States)

    Attema, Arthur E; Brouwer, Werner B F; Claxton, Karl

    2018-05-19

    Appropriate discounting rules in economic evaluations have received considerable attention in the literature and in national guidelines for economic evaluations. Rightfully so, as discounting can be quite influential on the outcomes of economic evaluations. The most prominent controversies regarding discounting involve the basis for and height of the discount rate, whether costs and effects should be discounted at the same rate, and whether discount rates should decline or stay constant over time. Moreover, the choice for discount rules depends on the decision context one adopts as the most relevant. In this article, we review these issues and debates, and describe and discuss the current discounting recommendations of the countries publishing their national guidelines. We finish the article by proposing a research agenda.

  12. Making the implicit explicit: A look inside the implicit discount rate

    International Nuclear Information System (INIS)

    Schleich, Joachim; Gassmann, Xavier; Faure, Corinne; Meissner, Thomas

    2016-01-01

    Implicit discount rates (IDRs) are employed in energy models to capture household investment decisions, yet the factors behind the IDR and their respective implications for policy-making usually remain blurred and fractional. The proposed comprehensive framework distinguishes three broad categories of factors underlying the IDR for household adoption of energy-efficient technologies (EETs): preferences (notably over time, risk, loss, debt, and the environment), predictable (ir)rational behavior (bounded rationality, rational inattention, behavioral biases), and external barriers to energy efficiency. Existing empirical findings suggest that the factors underlying the IDRs that differ across household characteristics and technologies should be accounted for in energy models. Furthermore, the framework allows for a fresh look at the interplay of IDRs and policies. We argue that a simple observation of high IDRs (or observing correlations between IDRs and socio-economic characteristics) does not provide guidance for policy-making since the underlying sources cannot be identified. Instead, we propose that some of the factors underlying the IDR - notably external barriers - can be changed (through directed policy interventions) whereas other factors - notably preferences and predictable (ir)rational behavior - are innate and can only be taken into account (through reactive policy interventions). - Highlights: • Implicit discount rates (IDRs) reflect preferences, predictable (ir)rational behaviors and external barriers. • The factors underlying the IDRs can be used to design directed and reactive policies. • IDRs in energy models should vary by household and technology characteristics.

  13. Influence of the discount rate when comparing costs of different nuclear fuel cycles

    International Nuclear Information System (INIS)

    Le Dars, A.; Loaec, Ch.

    2007-01-01

    The article describes the methodology and technical economic results obtained by Cea in the DERECO project. This project was aimed at evaluating ground-breaking and intricate scenarios of the nuclear fuel cycle, and developed on the long term (150 years), in the context of France. All 5 scenarios studied assume that the reliance on nuclear energy will continue in order to satisfy the electricity demand. Despite uncertainties, the trends are breaking free from the analysis. It appears that the scenarios in which fourth generation fast reactors take part are globally more economical than the keeping to the present strategy of plutonium mono-recycling in PWR. The scenario in which fuel reprocessing is stopped has a total cost concerning the fuel cycle similar to that of the present strategy but the disposal cost is twice as high because of the necessity of disposing spent fuels directly in geological formations. The comparative costs of the different scenarios are set out and the influence of the discount rate is highlighted. One must keep in mind that the actualization theory entails a diminishing value for long term costs due to an unavoidable mechanical effect of the discount rate

  14. Discounting and nuclear power

    International Nuclear Information System (INIS)

    Jones, P.M.S.

    1984-01-01

    The paper describes the practice of discounting and its applicability to nuclear power, and the choice of discount rates. Opportunity cost of capital; risk; social time preference; intergenerational equity; non-monetary aspects; and discounting and nuclear energy; are all discussed. (U.K.)

  15. Tracking the Discount: Tuition Discount Rates, Net Tuition Revenue, and Efforts to Inform Institutional Practices. Professional File. Article 133, Fall 2013

    Science.gov (United States)

    Davis, Natalie Pullaro; Redd, Kenneth E.

    2013-01-01

    This article uses findings from the 2012 Tuition Discounting Study (TDS) conducted by the National Association of College and University Business Officers (NACUBO) to provide a framework for institutional researchers to develop and adapt their own custom tuition discounting definitions and formulas. Under tuition discounting, colleges and…

  16. 78 FR 65430 - Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation

    Science.gov (United States)

    2013-10-31

    ... assessing interest charges for outstanding debts owed to the Government (The Debt Collection Act of 1982, as... DEPARTMENT OF THE TREASURY Fiscal Service Notice of Rate To Be Used for Federal Debt Collection... rate to be used for Federal debt collection, and discount and rebate evaluation. SUMMARY: The Secretary...

  17. ChargeOut! : determining machine and capital equipment charge-out rates using discounted cash-flow analysis

    Science.gov (United States)

    E.M. (Ted) Bilek

    2007-01-01

    The model ChargeOut! was developed to determine charge-out rates or rates of return for machines and capital equipment. This paper introduces a costing methodology and applies it to a piece of capital equipment. Although designed for the forest industry, the methodology is readily transferable to other sectors. Based on discounted cash-flow analysis, ChargeOut!...

  18. The impact of building orientation and discount rates on a Portuguese reference building refurbishment decision

    International Nuclear Information System (INIS)

    Brandão de Vasconcelos, Ana; Cabaço, António; Pinheiro, Manuel Duarte; Manso, Armando

    2016-01-01

    Refurbishment, as part of the construction industry, has a strong global impact, not only from the viewpoint of economies but also from social and energy-efficiency perspectives. A thermal refurbishment process, in particular, involves numerous decisions and choices; the decision-makers being ultimately confronted with two major questions: which criterion should be adopted in the choice of the refurbishment construction solutions and which refurbishment construction solutions should be chosen? In this paper, a criterion based on technical and economic points of view is proposed, aiming to identify the cost-optimal package of energy efficient solutions from among a set of possible refurbishment measures, within the life cycle of buildings. Sensitivity analyses are also performed so that the results may help the decision-maker choose the appropriate refurbishment solutions to be adopted when different discount rates and building orientations are taken into consideration. A total of seven scenarios, for a macroeconomic perspective, and nine, for a financial perspective, are performed. The costoptimal methodology adopted, following the Directive 2010/31/EU (2010) recommendations, is applied to a Portuguese reference building. The analysis carried out allows obtaining low global life cycle costs solutions and points towards nearly Zero Energy Building (nZEB) concept. The results are important for drawing national political instruments on buildings energy efficiency. - Highlights: •Building refurbishment decision based on technical and economic points of view. •35.000 Packages of thermal rehabilitation solutions considered. •Building orientation and discount rate impact on the cost-optimal package of solutions. •Portuguese reference building case base.

  19. Determining a Relationship between Higher Education Financial Position and Tuition Discount Rates

    Science.gov (United States)

    Browning, Julianna

    2013-01-01

    Institutions have increased the practice of tuition discounting, that is, the strategic use of price discrimination. During the past 30 years, both the average percent discount given to students and the proportion of students receiving tuition breaks have increased. As this practice has increased, there are financial determinants and implications…

  20. Scenario Studies on Effects of Soil Infiltration Rates, Land Slope, and Furrow Irrigation Characteristics on Furrow Irrigation-Induced Erosion.

    Science.gov (United States)

    Dibal, Jibrin M; Ramalan, A A; Mudiare, O J; Igbadun, H E

    2014-01-01

    Furrow irrigation proceeds under several soil-water-furrow hydraulics interaction dynamics. The soil erosion consequences from such interactions in furrow irrigation in Samaru had remained uncertain. A furrow irrigation-induced erosion (FIIE) model was used to simulate the potential severity of soil erosion in irrigated furrows due to interactive effects of infiltration rates, land slope, and some furrow irrigation characteristics under different scenarios. The furrow irrigation characteristics considered were furrow lengths, widths, and stream sizes. The model itself was developed using the dimensional analysis approach. The scenarios studied were the interactive effects of furrow lengths, furrow widths, and slopes steepness; infiltration rates and furrow lengths; and stream sizes, furrow lengths, and slopes steepness on potential furrow irrigation-induced erosion, respectively. The severity of FIIE was found to relate somewhat linearly with slope and stream size, and inversely with furrow lengths and furrow width. The worst soil erosion (378.05 t/ha/yr) was found as a result of the interactive effects of 0.65 m furrow width, 50 m furrow length, and 0.25% slope steepness; and the least soil erosion (0.013 t/ha/yr) was induced by the combined effects of 0.5 l/s, 200 m furrow length, and 0.05% slope steepness. Evidently considering longer furrows in furrow irrigation designs would be a better alternative of averting excessive FIIE.

  1. Effects of Gainsharing Provisions on the Selection of a Discount Rate for a Defined Benefit Pension Plan

    Directory of Open Access Journals (Sweden)

    Robert J. Rietz

    2017-06-01

    Full Text Available This paper examines the effect of gainsharing provisions on the selection of a discount rate for a defined benefit pension plan. The paper uses a traditional actuarial approach of discounting liabilities using the expected return of the associated pension fund. A stochastic Excel model was developed to simulate the effect of varying investment returns on a pension fund with four asset classes. Lognormal distributions were fitted to historical returns of two of the asset classes; large company stocks and long-term government bonds. A third lognormal distribution was designed to represent the investment returns of alternative investments, such as real estate and private equity. The fourth asset class represented short term cash investments and that return was held constant. The following variables were analyzed to determine their relative impact of gainsharing on the selection of a discount rate: hurdle rate, percentage of gainsharing, actuarial asset method smoothing period, and variations in asset allocation. A 50% gainsharing feature can reduce the discount rate for a defined benefit pension plan from 0.5% to more than 2.5%, depending on the gainsharing design and asset allocation.

  2. Intergenerational discounting

    International Nuclear Information System (INIS)

    Schelling, T.C.

    1995-01-01

    A ''discount rate'' for the consumption of future generations from current investments for their benefit is typically composed of two parts: ''time preference'' and an allowance for the lower marginal utility of consumption due to higher average levels of consumption in the future. Time preference would be involved if one were postponing one's own consumption; it has little or nothing to do with income redistribution, which is what greenhouse abatement is about. A lower marginal utility of consumption is an anomaly in income redistribution: we rarely deliberately transfer consumption from the less to the more well-to-do. Time may serve as a kind of measure of distance; we may prefer beneficiaries who are closer in time, in geographical distance, in culture, surely in kinship. Perhaps to keep our thinking straight we should use a term like ''depreciation'', rather than ''discounting''. (Author)

  3. On the social rate of discount: the case for macroenvironmental policy

    Energy Technology Data Exchange (ETDEWEB)

    Doeleman, J.A.

    Concern for the rapidly growing scale and intensity of the human exploitation of the environment, in particular the alienation of natural ecosystems, but also resource exhaustion, pollution, and congestion, leads one to wonder about the short time horizons allowed for in decision making. Time preference is dictated by the rate of interest, allowing in practice a horizon often not exceeding several decades. I argue that this is unsatisfactory. Some minimal social rate of discount should not be enforced. Instead, it is more feasible to set absolute environmental standards, thereby introducing quantity constraints on our decision making, within which time preference can be permitted to find its own level. This acknowledges that the myopia of human vision may not be a flaw but rather a biological design which has served us well in evolution. It may, therefore, be better to change the rules by introducing self-imposed collective constraints than to try to change the shortsightedness of people in their day-to-day grass-roots decision making.

  4. Brain Activity in Valuation Regions while Thinking about the Future Predicts Individual Discount Rates

    Science.gov (United States)

    Cooper, Nicole; Kim, B. Kyu; Zauberman, Gal

    2013-01-01

    People vary widely in how much they discount delayed rewards, yet little is known about the sources of these differences. Here we demonstrate that neural activity in ventromedial prefrontal cortex (VMPFC) and ventral striatum (VS) when human subjects are asked to merely think about the future—specifically, to judge the subjective length of future time intervals—predicts delay discounting. High discounters showed lower activity for longer time delays, while low discounters showed the opposite pattern. Our results demonstrate that the correlation between VMPFC and VS activity and discounting occurs even in the absence of choices about future rewards, and does not depend on a person explicitly evaluating future outcomes or judging their self-relevance. This suggests a link between discounting and basic processes involved in thinking about the future, such as temporal perception. Our results also suggest that reducing impatience requires not suppression of VMPFC and VS activity altogether, but rather modulation of how these regions respond to the present versus the future. PMID:23926268

  5. Time value of emission and technology discounting rate for off-grid electricity generation in India using intermediate pyrolysis

    International Nuclear Information System (INIS)

    Patel, Amit; Sarkar, Prabir; Tyagi, Himanshu; Singh, Harpreet

    2016-01-01

    The environmental impact assessment of a process over its entire operational lifespan is an important issue. Estimation of life cycle emission helps in predicting the contribution of a given process to abate (or to pollute) the environmental emission scenario. Considering diminishing and time-dependent effect of emission, assessment of the overall effect of emissions is very complex. The paper presents a generalized methodology for arriving at a single emission discounting number for a process option, using the concept of time value of carbon emission flow. This number incorporates the effect of the emission resulting from the process over the entire operational lifespan. The advantage of this method is its quantitative aspect as well as its flexible nature. It can be applied to any process. The method is demonstrated with the help of an Intermediate Pyrolysis process when used to generate off-grid electricity and opting biochar route for disposing straw residue. The scenarios of very high net emission to very high net carbon sequestration is generated using process by careful selection of process parameters for different scenarios. For these different scenarios, the process discounting rate was determined and its outcome is discussed. The paper also proposes a process specific eco-label that mentions the discounting rates. - Highlight: • Methodology to obtain emission discounting rate for a process is proposed. • The method includes all components of life cycle emission converts into a time dependent discounting number. • A case study of Intermediate Pyrolysis is used to obtain such number for a range of processes. • The method is useful to determine if the effect from the operation of a process will lead to a net absorption of emission or net accumulation of emission in the environment.

  6. Time value of emission and technology discounting rate for off-grid electricity generation in India using intermediate pyrolysis

    Energy Technology Data Exchange (ETDEWEB)

    Patel, Amit, E-mail: amitrp@iitrpr.ac.in [Indian Institute of Technology Ropar, Nangal Road, Rupnagar 140001, Punjab (India); Faculty of Technology and Engineering, The Maharaja Sayajirao University of Baroda, Vadodara 390001, Gujarat (India); Sarkar, Prabir; Tyagi, Himanshu; Singh, Harpreet [Indian Institute of Technology Ropar, Nangal Road, Rupnagar 140001, Punjab (India)

    2016-07-15

    The environmental impact assessment of a process over its entire operational lifespan is an important issue. Estimation of life cycle emission helps in predicting the contribution of a given process to abate (or to pollute) the environmental emission scenario. Considering diminishing and time-dependent effect of emission, assessment of the overall effect of emissions is very complex. The paper presents a generalized methodology for arriving at a single emission discounting number for a process option, using the concept of time value of carbon emission flow. This number incorporates the effect of the emission resulting from the process over the entire operational lifespan. The advantage of this method is its quantitative aspect as well as its flexible nature. It can be applied to any process. The method is demonstrated with the help of an Intermediate Pyrolysis process when used to generate off-grid electricity and opting biochar route for disposing straw residue. The scenarios of very high net emission to very high net carbon sequestration is generated using process by careful selection of process parameters for different scenarios. For these different scenarios, the process discounting rate was determined and its outcome is discussed. The paper also proposes a process specific eco-label that mentions the discounting rates. - Highlight: • Methodology to obtain emission discounting rate for a process is proposed. • The method includes all components of life cycle emission converts into a time dependent discounting number. • A case study of Intermediate Pyrolysis is used to obtain such number for a range of processes. • The method is useful to determine if the effect from the operation of a process will lead to a net absorption of emission or net accumulation of emission in the environment.

  7. Individual differences in discount rate are associated with demand for self-administered cocaine, but not sucrose.

    Science.gov (United States)

    Koffarnus, Mikhail N; Woods, James H

    2013-01-01

    Substance abusers, including cocaine abusers, discount delayed rewards to a greater extent than do matched controls. In the current experiment, individual differences in discounting of delayed rewards in rats (choice of one immediate over three delayed sucrose pellets) were assessed for associations with demand for either sucrose pellets or an intravenous dose of 0.1 mg/kg/infusion cocaine. Twenty-four male Sprague Dawley rats were split into three groups based on sensitivity to delay to reinforcement. Then, demand for sucrose pellets and cocaine was determined across a range of fixed-ratio values. Delay discounting was then reassessed to determine the stability of this measure over the course of the experiment. Individual differences in impulsive choice were positively associated with elasticity of demand for cocaine, a measure of reinforcer value, indicating that rats having higher discount rates also valued cocaine more. Impulsive choice was not associated with the level of cocaine consumption as price approached 0 or with any parameter associated with demand for sucrose. Individual sensitivity to delay was correlated with the initial assessment when reassessed at the end of the experiment, although impulsive choice increased for this cohort of rats as a whole. These findings suggest that impulsive choice in rats is positively associated with valuation of cocaine, but not sucrose. © 2011 The Authors, Addiction Biology © 2011 Society for the Study of Addiction.

  8. Discounting and Expropriation Risk

    OpenAIRE

    Giovanni Immordino; Mario Padula

    2007-01-01

    This paper investigates the association between discounting and risk of expropriation and provides the theoretical conditions that make a positive association consistent with rationality. Moreover, using a national representative sample and a representative sample of the 50+ in eleven European countries, we show that discounting increases with expropriation risk. The two surveys give direct measures of discount rate as well as measures derived from households consumption decisions and provide...

  9. Cognitive Procedures and Hyperbolic Discounting

    NARCIS (Netherlands)

    Nir, A.

    2004-01-01

    "Hyperbolic discount functions are characterized by a relatively high discount rate over short horizons and a relatively low discount rate over long horizons" (Laibson 1997).We suggest two cognitive procedures where individuals perceive future utility as decreasing at a decreasing rate as a function

  10. Willingness to Pay Additional Water Rate and Irrigation Knowledge of Farmers in Dinar Karakuyu Irrigation Areas in Turkey

    Directory of Open Access Journals (Sweden)

    Mevlüt Gül

    2017-08-01

    Full Text Available Water which has become commodity product which is an important product today. Turkey is not a water rich country. In this study, agricultural enterprises in the field of Irrigation Project in Dinar Karakuyu which was implemented in 1992 by DSI. The study analysed which factors affect the willingness to pay additional irrigation water rate with the help of logit model and the irrigation knowledge of farmers was determined by Likert scale. Dinar Karakuyu irrigation network has begun to lose the function in the region. It was supposed 100% irrigation rate but decreased by approximately 9% today. In this context, DSI (General Directorate of State Hydraulic Works plans to rehabilitation work in the same area. The main material of this study was data obtained from 67 agricultural enterprises through a survey covered by the Irrigation Rehabilitation Project in the province of Afyonkarahisar Karakuyu Dinar. The data was gathered with the help of questionnaires which were answered by farmers in Karakuyu Dinar region. The results indicated that 74.6% of farmers were willingness to pay additional water charge. The data were statistically analysed with the use of the logit model. The model results show that agricultural income, farmers’ educational level, computer ownership, attendance of agricultural training activities, family size and agricultural experience were positive factors affect farmers’ willingness to pay additional water fee.

  11. The Choice of Discount Rate Applicable to Government Resource Use: Theory and Limitations

    Science.gov (United States)

    1987-12-01

    that postulates "the greatest good for the greatest number," as expressed by Jeremy Bentham in 1789. Although it might not be relevant in a modern...believed that there is no legiti- mate reason to discount the utilities of future generations. Along with Bentham in 1789, he believed the utility of each

  12. Using the IPEDS Peer Analysis System to Compare Tuition Discount Rates

    Science.gov (United States)

    Duggan, Michael; Mathews, Rebecca

    2005-01-01

    Tuition discounting began in the 1970s as the practice of using university funds to augment federal, state, and private aid and scholarships. When the 1980s saw a decrease in the number of high school seniors, universities began to compete in the arena of price for the first time, sparking what has been called an "arms race" of tuition discounting…

  13. Impatience and Grades: Delay-Discount Rates Correlate Negatively with College Gpa

    Science.gov (United States)

    Kirby, K.N.; Winston, G.C.; Santiesteban, M.

    2005-01-01

    Because the rewards of academic performance in college are often delayed, the delay-discounting model of impulsiveness (Ainslie (1975) [Ainslie, G. Specious reward: A behavioral theory of impulsiveness and impulse control. Psychological Bulletin, 82 (4), 463-496] predicts that academic performance should tend to decrease as people place less…

  14. 75 FR 67095 - Rate Adjustments for Indian Irrigation Projects

    Science.gov (United States)

    2010-11-01

    ...; (c) Vehicle and equipment repairs; (d) Equipment costs, including lease fees; (e) Depreciation; (f... Mexico 87104, Telephone: (505) 563-3100. Pine River Irrigation Project..... John Waconda, Superintendent...

  15. 76 FR 58293 - Rate Adjustments for Indian Irrigation Projects

    Science.gov (United States)

    2011-09-20

    ...) Vehicle and equipment repairs; (d) Equipment costs, including lease fees; (e) Depreciation; (f... Mexico 87104, Telephone: (505) 563-3100. Pine River Irrigation Project..... John Waconda, Superintendent...

  16. A quantitative approach to evaluating the GWP timescale through implicit discount rates

    OpenAIRE

    Sarofim, Marcus C.; Giordano, Michael R.

    2018-01-01

    The 100-year Global Warming Potential (GWP) is the primary metric used to compare the climate impacts of different greenhouse gases (GHGs). The GWP relies on radiative forcing rather than damages, assumes constant future concentrations, and integrates over a timescale of 100 years without discounting: these choices lead to a metric which is transparent and simple to calculate, but have also been criticized. In this paper, we take a quantitative approach to evaluating the choice of time-horizo...

  17. An in vivo assessment of the influence of needle gauges on endodontic irrigation flow rate.

    Science.gov (United States)

    Gopikrishna, Velayutham; Sibi, Swamy; Archana, Durvasulu; Pradeep Kumar, Angabakkam Rajasekaran; Narayanan, Lakshmi

    2016-01-01

    The aim of this clinical study was to assess the influence of irrigation needle gauge on endodontic irrigation flow rates. In vivo assessment. Five specialist endodontists performed intracanal irrigation procedures on 50 mesiobuccal canal of mandibular first molars using three different irrigation needle gauges. Data of time taken for irrigation was recorded by an irrigation testing system and analyzed using independent sample "T" test and one-way analysis of variance (ANOVA) test. The level of significance was set at P < 0.05. The following tests were used for the statistical analysis: Independent sample "T" test, one-way ANOVA test, and post hoc multiple comparison was carried out using Tukey's honest significant difference (HSD) test using Statistical Package for the Social Sciences (SPSS) version 16 for Windows. The average flow rate of 26 gauge was 0.27 mLs(-1), of 27 gauge was 0.19 mLs(-1), and of 30 gauge was 0.09 mls(-1). There was statistical significance among the gauges (P < 0.001). 26 gauge had highest flow rate when compared with other groups followed by 27 gauge and 30 gauge respectively. The operator variability for flow rate of three endodontic irrigation needle gauges (26 gauge, 27 gauge, and 30 gauge) was found to be not significant. Needle gauge has significant influence on endodontic irrigation flow rate.

  18. The impact of discount rate and price on intertemporal groundwater models in southwest Kansas

    Science.gov (United States)

    Agriculture plays a vital role in the growth and development of the High Plains Region of the United States. With the development and adoption of irrigation technology, this region was transformed into one of the most agriculturally productive regions in the world [1]. The primary source of irrigati...

  19. Effect of Irrigation Methods, Nitrogen and Phosphorus Fertilizer Rates on Sugar Beet Yield and Quality

    International Nuclear Information System (INIS)

    Janat, M.; Abudlkareem, J.

    2007-01-01

    The experiment was conducted at a research station near Adlib. Two irrigation methods, sprinkler irrigation and drip fertigation, two phosphorus rates and four nitrogen rates 0, 70, 140 and 210 kg N/ha were tested. All N fertilizers were injected for drip irrigation or broadcasted for the sprinkler-irrigated treatments in six equally split applications. Neutron probe Results revealed that the introduction of drip fertigation was not proved to be a water saving relative to sprinkler irrigation. Dry matter production was slightly increased for the drip-fertigated treatments relative to sprinkler irrigated treatments. Nitrogen use efficiency was not improved under drip fertigation relative to that of sprinkler irrigation. Application of phosphorus fertilizer improved sugar beet yield as well as N uptake. No significant differences in sugar beet yield were observed due to the application of N fertilizer under drip fertigation. On the other hand, there was a trend toward increasing sugar beet yield grown under sprinkler irrigation. Drip fertigation had no negative effects on sugar content and other related properties, furthermore some of those properties were enhanced due to the employment of drip fertigation. Field water-use efficiency followed a similar trend and was increased under sprinkler irrigation relative to drip-fertigation for sugar beet yield parameter.

  20. Hyperbolic Discounting of the Far-Distant Future

    OpenAIRE

    Anchugina, Nina; Ryan, Matthew; Slinko, Arkadii

    2017-01-01

    We prove an analogue of Weitzman's (1998) famous result that an exponential discounter who is uncertain of the appropriate exponential discount rate should discount the far-distant future using the lowest (i.e., most patient) of the possible discount rates. Our analogous result applies to a hyperbolic discounter who is uncertain about the appropriate hyperbolic discount rate. In this case, the far-distant future should be discounted using the probability-weighted harmonic mean of the possible...

  1. Effects of a Capital Investment and a Discount Rate on the Optimal Operational Duration of an HLW Repository

    International Nuclear Information System (INIS)

    Kim, Sung Ki; Lee, Min Soo; Choi, Heui Joo; Choi, Jong Won

    2008-01-01

    This study aims to estimate the effects of a capital investment and a discount rate on the optimal operational duration of an HLW repository. According to the previous researches of the KRS(Korea Reference System) for an HLW repository, the amounts of 7,068,200 C$K and 2,636.2 MEUR are necessary to construct and operate surface and underground facilities. Since these huge costs can be a burden to some national economies, a study for a cost optimization should be performed. So we aim to drive the dominant cost driver for an optimal operational duration. A longer operational duration may be needed to dispose of more spent fuels continuously from a nuclear power plant, or to attain a retrievability of an HLW repository at a depth of 500 m below the ground level in a stable plutonic rock body. In this sense, an extended operational duration for an HLW repository affects the overall disposal costs of a repository. In this paper, only the influence of a capital investment and a discount rate was estimated from the view of optimized economics. Because these effects must be significant factors to minimize the overall disposal costs based on minimizing the sum of operational costs and capital investments

  2. Optimal conservation resource allocation under variable economic and ecological time discounting rates in boreal forest.

    Science.gov (United States)

    Mazziotta, Adriano; Pouzols, Federico Montesino; Mönkkönen, Mikko; Kotiaho, Janne S; Strandman, Harri; Moilanen, Atte

    2016-09-15

    Resource allocation to multiple alternative conservation actions is a complex task. A common trade-off occurs between protection of smaller, expensive, high-quality areas versus larger, cheaper, partially degraded areas. We investigate optimal allocation into three actions in boreal forest: current standard forest management rules, setting aside of mature stands, or setting aside of clear-cuts. We first estimated how habitat availability for focal indicator species and economic returns from timber harvesting develop through time as a function of forest type and action chosen. We then developed an optimal resource allocation by accounting for budget size and habitat availability of indicator species in different forest types. We also accounted for the perspective adopted towards sustainability, modeled via temporal preference and economic and ecological time discounting. Controversially, we found that in boreal forest set-aside followed by protection of clear-cuts can become a winning cost-effective strategy when accounting for habitat requirements of multiple species, long planning horizon, and limited budget. It is particularly effective when adopting a long-term sustainability perspective, and accounting for present revenues from timber harvesting. The present analysis assesses the cost-effective conditions to allocate resources into an inexpensive conservation strategy that nevertheless has potential to produce high ecological values in the future. Copyright © 2016 Elsevier Ltd. All rights reserved.

  3. Cost-effectiveness of a potential future Helicobacter pylori vaccine in the Netherlands: the impact of varying the discount rate for health.

    Science.gov (United States)

    de Vries, Robin; Klok, Rogier M; Brouwers, Jacobus R B J; Postma, Maarten J

    2009-02-05

    To estimate the cost-effectiveness of a potential Helicobacter pylori (HP) vaccine for the Dutch situation, we developed a Markov model. Several HP prevalence scenarios were assessed. Additionally, we assessed the impact of the discount rate for health on the outcomes, as this influence can be profound for vaccines. When applying the current discount rate of 1.5% for health, the expected cost-effectiveness of HP vaccination is estimated below the informal Dutch threshold of euro 20,000/LYG when the HP prevalence is assumed > or =20% in the Dutch population. In conclusion, we showed that HP vaccination could possibly be a cost-effective intervention. However, this depends to a large extend on the prevalence of HP in the population. Furthermore, we showed the large impact of the discount rate for health on the cost-effectiveness of a HP vaccination program, illustrative for other vaccination programs.

  4. 77 FR 63850 - Rate Adjustments for Indian Irrigation Projects

    Science.gov (United States)

    2012-10-17

    ... 1st Avenue, Parker, AZ 85344, Telephone: (928) 669-7111. Duck Valley Irrigation Joseph McDade... Water per acre- 17.00 17.00 foot over 5.75 acre- feet. ������������������������������������� Duck Valley..., we did not conduct or use a study, experiment, or survey requiring peer review under the Information...

  5. Methods of economic analysis applied to fusion research: discount rate determination and the fossil fuel price effect

    Energy Technology Data Exchange (ETDEWEB)

    1978-09-25

    In current and previous efforts, ECON has provided a preliminary economic assessment of a fusion research program. Part of this effort was the demonstration of a methodology for the estimation of reactor system costs and risk and for the treatment of program alternatives as a series of steps (tests) to buy information, thereby controlling program risk and providing a sound economic rationale for properly constructed research programs. The first phase of work also identified two areas which greatly affect the overall economic evaluation of fusion research and which warranted further study in the second phase. This led to the two tasks of the second phase reported herein: (1) discount rate determination and (2) evaluation of the effect of the expectation of the introduction of fusion power on current fossil fuel prices. In the first task, various conceptual measures of the social rate of discount were reviewed and critiqued. In the second task, a benefit area that had been called out by ECON was further examined. Long-range R and D yields short-term benefits in the form of lower nonrenewable energy resource prices because the R and D provides an expectation of future competition for the remaining reserves at the time of technology availability. ECON developed a model of optimal OPEC petroleum pricing as a function of the expectation of future competing technologies. It was shown that the existence of this expectation lowers the optimal OPEC export price and that accelerated technology R and D programs should provide further price decreases. These price reductions translate into benefits to the U.S. of at least a billion dollars.

  6. Tomato yield, biomass accumulation, root distribution and irrigation water use efficiency on a sandy soil, as affected by nitrogen rate and irrigation scheduling

    NARCIS (Netherlands)

    Zotarelli, L.; Scholberg, J.M.S.; Dukes, M.D.; Munoz-Carpena, R.; Icerman, J.

    2009-01-01

    Florida is the largest producer of fresh-market tomatoes in the United States. Production areas are typically intensively managed with high inputs of fertilizer and irrigation. The objectives of this 3-year field study were to evaluate the interaction between N-fertilizer rates and irrigation

  7. Towards a healthier discount procedure.

    Science.gov (United States)

    Klock, Rogier M; Brouwer, Werner Bf; Annemans, Lieven Jp; Bos, Jasper M; Postma, Maarten J

    2005-02-01

    Most national guidelines for pharmacoeconomic research prescribe discounting, mostly of money and health against the same rate. There is much debate on whether this is adequate. Two theoretical arguments, the consistency argument of Weinstein and Stason, and the paralyzing paradox of Keeler and Cretin, are mostly responsible for the current standards. However, more recently, several authors have indicated that the basis to claim the necessity of using similar discount rates is rather weak, both practically and theoretically. In terms of finding a new theoretical basis on which to base discount rates for money and, in particular, health, Van Hout has made an important suggestion arguing that the discount rate for health could be based on the expected growth in life expectancy and the diminishing marginal utility related to such additional health. Similarly, Gravelle and Smith argue that if the value of health grows over time, discount rates that are used for costs cannot directly be applied to effects, but should be adjusted downwards.

  8. Cost-effectiveness of a potential future Helicobacter pylori vaccine in the Netherlands : The impact of varying the discount rate for health

    NARCIS (Netherlands)

    de Vries, Robin; Klok, Rogier M.; Brouwers, Jacobus R. B. J.; Postma, Maarten J.

    2009-01-01

    To estimate the cost-effectiveness of a potential Helicobacter pylori (HP) vaccine for the Dutch situation, we developed a Markov model. Several HP prevalence scenarios were assessed. Additionally, we assessed the impact of the discount rate for health on the outcomes, as this influence can be

  9. Social Discounting under Risk.

    Science.gov (United States)

    Jin, Jia; Pei, Guanxiong; Ma, Qingguo

    2017-01-01

    As a measure of how prosocial behavior depends on social distance, social discounting is defined as the decrease in generosity between the decision maker and the recipient as the social distance increases. While risk is a ubiquitous part of modern life, there is limited research on the relationship between risk and prosocial behavior. In the present experiment, we empirically test whether risk has an influence on social discounting. We use the choice titration procedure to examine this effect. Our data show that independent of risk, participants are less eager to forego money and exhibit more selfishness toward a specific person when the social distance increases; these findings are reflected in the hyperbolic model. Interestingly, risk influences the shape of the social discounting function, which is reflected in the notable different discount rates. Individuals who make decisions under risk yield a smaller discount rate than those who make decisions without risk, i.e., under risk subjects reduce less their generosity as a function of the social distance. Furthermore, this distinct type of generosity occurs typically among individuals with 10-distance recipients but not with the closest- and furthest-social-distance recipients.

  10. Individual Differences in Discount Rate Are Associated With Demand for Self-Administered Cocaine, But Not Sucrose

    OpenAIRE

    Koffarnus, Mikhail N.; Woods, James H.

    2011-01-01

    Substance abusers, including cocaine abusers, discount delayed rewards to a greater extent than do matched controls. In the current experiment, individual differences in discounting of delayed rewards in rats (choice of one immediate over three delayed sucrose pellets) were assessed for associations with demand for either sucrose pellets or an i.v. dose of 0.1 mg/kg/infusion cocaine. Twenty-four male Sprague Dawley rats were split into three groups based on sensitivity to delay to reinforceme...

  11. Anodal Stimulation of the Left DLPFC Increases IGT Scores and Decreases Delay Discounting Rate in Healthy Males

    Directory of Open Access Journals (Sweden)

    Qinghua He

    2016-09-01

    Full Text Available Previous correlational imaging studies have implicated the dorsolateral prefrontal cortex (DLPFC in decision making. Using High-Definition Transcranial Direct Current Stimulation (HD-tDCS, the present study directly investigated the causal role of the DLPFC in performing the Iowa Gambling Task (IGT and the Inter-Temporal Choice (ITC task. Three experiments were conducted: Exp. 1 (N = 41 to study the left DLPFC, Exp. 2 (N = 49 to study the right DLPFC, and Exp. 3 (N = 20, a subset of those in Exp. 1 to switch the experimental and control conditions. All participants were healthy male college students. For Exps. 1 and 2, participants were randomly assigned to either the HD- tDCS or the sham stimulation condition. For Exp. 3, participants were assigned to the condition they were not in during Exp. 1. Results showed that HD-tDCS over the left DLPFC increased IGT score, decreased the recency parameter in IGT, and lowered delay discounting rate (k in the ITC task. We discussed the potential roles of impulse control and time perception in mediating the effect of tDCS stimulation of left DLPFC on decision making. Our results have clinical implications for the treatment of disorders involving poor decision-making, such as addictions.

  12. Economic comparison of long-term nuclear fuel cycle management scenarios: The influence of the discount rate

    International Nuclear Information System (INIS)

    Le Dars, Aude; Loaec, Christine

    2007-01-01

    This article presents some main economic results obtained by the CEA in the DERECO project, which aimed to evaluate the global cost of contrasted and long-term nuclear fuel cycle scenarios. The scenarios have been studied for the period 2000-2150 in the French context. They all assume a sustainable nuclear development. These scenarios must not be considered as forecasts and do not reflect any industrial strategy. The article focuses on the comparison of five scenarios including the Generation IV fast reactors and their associated fuel cycles. Common trends as well as specific features can be identified. The article describes the scenarios with the replacement of the nuclear power and the associated fuel cycle. It details the main technical and economic assumptions common to all the scenarios, and exposes some main key results, concerning the flows and inventories as well as concerning economic evaluation. Economic results are given in a comparative manner due to the level of uncertainties at this time horizon. The key economic elements described in the article deal with the sensitivity of the results to the choice of the discount rate

  13. Effects of Different Irrigation Programs on Fruit, Trunk Growth Rates, Quality and Yield of Grapefruit Trees

    OpenAIRE

    KANBER, Rıza; KÖKSAL, Harun; YAZAR, Attila; ÖZEKİCİ, Bülent; ÖNDER, Sermet

    1999-01-01

    Long-term field experiments were carried out between 1985 and 1988 to determine the effect of different irrigation intervals and pan coefficients on the fruit and trunk growth rates and yield of mature grapefruit trees grown in the Eastern Mediterranean Region of Turkey in a medium-light textured soil. Two different irrigation intervals (I 1 =15 and I 2 =25 days), and pan coefficients (k 1 =0.60 and k 2 =1.00) were used. Higher evapotranspiration values were obtained from the treatments with ...

  14. Effect of different rates of irrigation on nitrogen use efficiency and sugarbeet yield

    International Nuclear Information System (INIS)

    Khalifa, Kh.; Sharanek, A.; Ashawwa, F.

    1994-11-01

    Field experiments were conducted separately during three seasons, autumn 1986/1987, spring 1988, and spring 1989, at ACSAD research station in Deir-Ezzor, under flood irrigation system, using two different variets of Sugarbeet, kawipoly in the first season and Kawi-Interpoly in the second and third season. All experiments recieved sililar rate of irrigation to keep the soil moisture contents at three levels offield capacity (85, 75 and 65%). Fertilizer treatment were in the first season 3 rates (0, 120, 240 Kg N/Ha) of ammonium nitrate fertilizer sup 1 sup 5 NH sub 4 sup 1 sup 5 NO sub 3 (double labeled), in the second season two single labeled sup 1 sup 5 NH sub 4 NO sub 3 and NU sub 4 sup 1 sup 5 NO sub 3 were used at two rates (0, 120 Kg N/ha), in the third season labeld urea CO(sup 1 sup 5 NH sub 2) sub 2 and ammonium sulfate (sup 1 sup 5 NH sub 4) sub 4 SO sub 4 fertilizers were used separatly at two rates (0, 120 Kg N/ha). The results showed that nitrogen use efficincy (NUE) varied with type, from, rate of N fertilizer, and rate of irrigation at different growth stages of crop and was in the range (4.5-81.83%). The yield of roots at harvest were segnificantly increased by irrigation and nitrogen fertilization in the first and second season , also I x N had significant interaction effect on yield. Yield of roots in the third season were only increased by nitrogen application with no effect irrigation. 21 refs., 18 tabs

  15. Effect of irrigation and winery waste compost rates in nitrate leaching in vulnerable zones

    Science.gov (United States)

    Requejo, Maria Isabel; Castellanos, Maria Teresa; Villena, Raquel; Ribas, Francisco; Jesús Cabello, Maria; Arce, Augusto; Cartagena, Maria Carmen

    2013-04-01

    The winery industry is widespread in Spain (3,610,000 tonnes of wine in 2010 (FAO, 2010)), and generates wastes characterized by a high content of organic matter, a notable content in macronutrients and low heavy-metals. These organic wastes could be used for agricultural purposes after a correct stabilization process (e.g. composting).The addition of these organic wastes requires a correct management, especially on semiarid cropped areas of central Spain where environmental degradation of water supplies with high N loads is observed. An integrated optimization of both applied compost dose and amount of irrigation is important to ensure optimum yields and minimum nitrate leaching losses. The purpose of this work was to study the effect of the application of winery waste compost as fertilizer in a melon crop cultivated with different drip irrigation rates. The field experiment was carried out in Ciudad Real, designated "vulnerable zone" by the "Nitrates Directive" 91/676/CEE. Melon crop has been traditionally cultivated in this area with high inputs of water and fertilizers, but no antecedents of application of winery wastes are known. Beside the control treatment (D0), three doses of compost were applied: 6.7 (D1), 13.3 (D2) and 20 T/ha(D3).Irrigation treatments consisted of applying a 100% ETc and an excess irrigation of 120% ETc. The soil was a shallow sandy-loam (Petrocalcic Palexeralfs), with 0.6 m depth and a discontinuous petrocalcic horizon between 0.6 and 0.7 m. Drainage and nitrate concentration on the soil solution were measured weekly to determine N leached during the crop period. Crop yield was also followed by harvesting plots when a significant number of fruits were fully matured. A comparison between nitrate leached and crop production among different treatments and irrigation rates are presented. Acknowledgements: This project has been supported by INIA-RTA2010-00110-C03-01.

  16. Essays on Discounting Behavior and Gambling Behavior

    OpenAIRE

    Jessen, Lasse J.

    2016-01-01

    This thesis consists of three independent chapters on the elicitation of individual discount rates and on the estimation of gambling prevalence in Denmark. The first chapter, “Discount Rate Sensitivity to Background Consumption and Consumption Smoothing,” studies the sensitivity of individual discount rates with respect to background consumption and consumption smoothing. I use simulated choice data from standard decision tasks in time preference experiments and show that indiv...

  17. Effect of Zeolite Rates and Irrigation Management on Some Properties of Saffron Corms

    Directory of Open Access Journals (Sweden)

    Abbas Khashei Siuki

    2016-11-01

    Full Text Available Saffron (Crocus sativus L. is a subtropical and valuable crop which is reproduced by corms. Due to the importance of corm weight in saffron yield, it is important to study the different factors that affect yield such as drought stress. For this purpose, this research was conducted as a factorial design based on completely randomized design (CRD in the Agricultural Research Station of the University of Birjand during the period 2013-2015. The treatments consisted of Zeolite at four rates (0: Z0, 0.5: Z1, 1: Z2 and 2: Z3 as weight percentage and irrigation management at three levels (traditional: I1, deficit irrigation as 70% moisture depletion: I2 and full irrigation: I3 with three replications. The results showed that zeolite rates has a significant effect on corm weight, number of corms less than 2gr, number of 6-8gr corms and number of replacement corms (P≤0.01. Irrigation management also has a significant effect on corm weight (P≤0.01, number of corms 6-8gr and number of replacement corms (P≤0.05. The treatments with no zeolite amended (Z0I1, Z0I2 and Z0I3 showed a reduction in corm weight compared to Z3I3 (P≤0.05. Z3I3, Z3I2 and Z3I3 showed an increase in the number of replacement corms while Z0I1 and Z0I2 had the least number of replacement corms. In conclusion, Z2I1 is recommended as the best treatment by considering the reduction in zeolite and water used, which increased corm weight by 26.64%, 23.88% and 17.81% compared to Z0I1, Z0I2 and Z0I3, respectively.

  18. Nitrogen Balance During Sweet Sorghum Cropping Cycle as Affected by Irrigation and Fertilization Rate

    Directory of Open Access Journals (Sweden)

    Stella Lovelli

    Full Text Available A two-year trial was carried out on sweet sorghum, grown in semi-arid environments of southern Europe. The trial was aimed to monitor the main components of the crop N-balance under different irrigation regimes and nitrogen fertilization rates, in factorial combination. A rainfed condition (only one watering soon after sowing was compared with a deficit irrigation regime and a full irrigation treatment (50 and 100% restoration of total crop water consumption, respectively. Crop nitrogen uptake always showed to be the highest N-balance components and was included in the range of 125-194 kg ha-1 during 1997-1998, with respect to the total shoot biomass, according to the nitrogen fertilization rate; consequently, it significantly reduced both nitrogen concentration in the soil solution and the total nitrogen loss due to drainage. Nitrogen concentration in the drainage water didn’t result to be strictly dependent on the rate of fertiliser applied but on the actual soil nitrogen content; the maximum registered value of total nitrogen lost by leaching was 1.9 kg ha-1. Differently, total nitrogen loss due to volatilisation was proportional to the amount of fertilizer applied; irrigation favourably reduced this kind of loss. The limited amount of Nvolatilisation loss was probably due to the neutral pH soil conditions; as an order of magnitude, referring to the highest fertilized but rainfed treatment, the utmost N-volatilisation loss was equal to 5.5 Kg ha-1, as an average over the three years, that is to say less than the 5% of the fertilization rate. A fertilisation rate of 120 Kg ha-1 of nitrogen, together with water application, generally produced a balance between crop N-uptake and total N-loss due to volatilisation and drainage (only the stalk biomass was considered in this calculation. Lower rates of fertilizing nitrogen, indeed, determined a depletion in the soil nitrogen content because of the high crop biomass and the strong N-uptake by the

  19. Nitrogen Balance During Sweet Sorghum Cropping Cycle as Affected by Irrigation and Fertilization Rate

    Directory of Open Access Journals (Sweden)

    Michele Perniola

    2011-02-01

    Full Text Available A two-year trial was carried out on sweet sorghum, grown in semi-arid environments of southern Europe. The trial was aimed to monitor the main components of the crop N-balance under different irrigation regimes and nitrogen fertilization rates, in factorial combination. A rainfed condition (only one watering soon after sowing was compared with a deficit irrigation regime and a full irrigation treatment (50 and 100% restoration of total crop water consumption, respectively. Crop nitrogen uptake always showed to be the highest N-balance components and was included in the range of 125-194 kg ha-1 during 1997-1998, with respect to the total shoot biomass, according to the nitrogen fertilization rate; consequently, it significantly reduced both nitrogen concentration in the soil solution and the total nitrogen loss due to drainage. Nitrogen concentration in the drainage water didn’t result to be strictly dependent on the rate of fertiliser applied but on the actual soil nitrogen content; the maximum registered value of total nitrogen lost by leaching was 1.9 kg ha-1. Differently, total nitrogen loss due to volatilisation was proportional to the amount of fertilizer applied; irrigation favourably reduced this kind of loss. The limited amount of Nvolatilisation loss was probably due to the neutral pH soil conditions; as an order of magnitude, referring to the highest fertilized but rainfed treatment, the utmost N-volatilisation loss was equal to 5.5 Kg ha-1, as an average over the three years, that is to say less than the 5% of the fertilization rate. A fertilisation rate of 120 Kg ha-1 of nitrogen, together with water application, generally produced a balance between crop N-uptake and total N-loss due to volatilisation and drainage (only the stalk biomass was considered in this calculation. Lower rates of fertilizing nitrogen, indeed, determined a depletion in the soil nitrogen content because of the high crop biomass and the strong N-uptake by the

  20. Effect of antiseptic irrigation on infection rates of traumatic soft tissue wounds: a longitudinal cohort study.

    Science.gov (United States)

    Roth, B; Neuenschwander, R; Brill, F; Wurmitzer, F; Wegner, C; Assadian, O; Kramer, A

    2017-03-02

    Acute traumatic wounds are contaminated with bacteria and therefore an infection risk. Antiseptic wound irrigation before surgical intervention is routinely performed for contaminated wounds. However, a broad variety of different irrigation solutions are in use. The aim of this retrospective, non-randomised, controlled longitudinal cohort study was to assess the preventive effect of four different irrigation solutions before surgical treatment, on wound infection in traumatic soft tissue wounds. Over a period of three decades, the prophylactic application of wound irrigation was studied in patients with contaminated traumatic wounds requiring surgical treatment, with or without primary wound closure. The main outcome measure was development of wound infection. From 1974-1983, either 0.04 % polihexanide (PHMB), 1 % povidone-iodine (PVP-I), 4 % hydrogen peroxide, or undiluted Ringer's solution were concurrently in use. From 1984-1996, only 0.04 % PHMB or 1 % PVP-I were applied. From 1997, 0.04 % PHMB was used until the end of the study period in 2005. The combined rate for superficial and deep wound infection was 1.7 % in the 0.04 % PHMB group (n=3264), 4.8 % in the 1 % PVP-I group (n=2552), 5.9 % in the Ringer's group (n=645), and 11.7 % in the 4 % hydrogen peroxide group (n=643). Compared with all other treatment arms, PHMB showed the highest efficacy in preventing infection in traumatic soft tissue wounds (p<0.001). However, compared with PVP-I, the difference was only significant for superficial infections. The large patient numbers in this study demonstrated a robust superiority of 0.04 % PHMB to prevent infection in traumatic soft tissue wounds. These retrospective results may further provide important information as the basis for power calculations for the urgently needed prospective clinical trials in the evolving field of wound antisepsis.

  1. Discounting in economics and climate change

    International Nuclear Information System (INIS)

    Nordhaus, W.D.

    1997-01-01

    This paper examines the complexity of the issues surrounding the discounting issue as applied to the economics of climatic change. It is assumed that living standards will continue to improve, and that future generations will be more able to resource environmental improvements than our own. Measures to counter climate change now may have a deleterious effect on economic growth. Approaches to this situation include: lowering the discount rate; differential discounting; climate targeting; and emissions or concentrations limitations. Policies that focus directly on reducing pollutants are likely to have fewer deleterious economic effects than those that manipulate the discount rate on goods. 3 refs., 2 figs

  2. Essays on Discounting Behavior and Gambling Behavior

    DEFF Research Database (Denmark)

    Jessen, Lasse J.

    This thesis consists of three independent chapters on the elicitation of individual discount rates and on the estimation of gambling prevalence in Denmark. The first chapter, “Discount Rate Sensitivity to Background Consumption and Consumption Smoothing,” studies the sensitivity of individual...

  3. Discounting medical malpractice claim reserves for self-insured hospitals.

    Science.gov (United States)

    Frese, Richard; Kitchen, Patrick

    2011-01-01

    The hospital CFO often works with the hospital's actuary and external auditor to calculate the reserves recorded in financial statements. Hospital management, usually the CFO, needs to decide the discount rate that is most appropriate. A formal policy addressing the rationale for discounting and the rationale for selecting the discount rate can be helpful to the CFO, actuary, and external auditor.

  4. Discounted Duration Calculus

    DEFF Research Database (Denmark)

    Ody, Heinrich; Fränzle, Martin; Hansen, Michael Reichhardt

    2016-01-01

    To formally reason about the temporal quality of systems discounting was introduced to CTL and LTL. However, these logic are discrete and they cannot express duration properties. In this work we introduce discounting for a variant of Duration Calculus. We prove decidability of model checking...... for a useful fragment of discounted Duration Calculus formulas on timed automata under mild assumptions. Further, we provide an extensive example to show the usefulness of the fragment....

  5. Determination of optimal irrigation rates of agricultural crops under consideration of soil properties and climatic conditions

    Directory of Open Access Journals (Sweden)

    Irakli Kruashvili

    2016-09-01

    Full Text Available In conditions of increasing water shortage, further development of irrigated agriculture production is impossible without improving the methods of cultivation of agricultural crops, primarily irrigation technology. In 2015 the experiment have been conducted on the territory of irrigation farming area of village Tamarisi (Marneuli Municipality, according to which comprehensive study of local climatic and soil conditions were conducted. Received data were used for computation crop water requirements for tomato and melon under the different irrigation treatments. Obtained results have shown the possibility of water use efficiency and obtaining sufficiently high yields of crops that participated in the experiment that became possible in a case of usage of drip irrigation technology in combination with plastic mulch.

  6. The effects of working memory load and attention refocusing on delay discounting rates in alcohol use disorder with comorbid antisocial personality disorder.

    Science.gov (United States)

    Gunn, Rachel L; Gerst, Kyle R; Lake, Allison J; Finn, Peter R

    2018-02-01

    Executive working memory capacity (eWMC) is central to adaptive decision-making. Research has revealed reduced eWMC and higher rates of impulsive decision making in individuals with alcohol use disorders (AUDs: DSM-IV Alcohol Dependence of Alcohol Abuse) and antisocial psychopathology (AP). Recent work has shown that placing a load on working memory (WM) further increases impulsive decision making on the delay discounting (DD) task in those with AUDs and AP. The current study examined the effects of an attention refocusing manipulation to offset the effects of this WM-load on DD rates in control subjects, those with AUDs without AP, and AUDs with AP (AUD-AP). Results revealed that 1) the AUD-AP group had higher DD rates (i.e., more impulsive decision-making) than the AUD group, followed by controls, and 2) attention refocusing after a load is placed on WM was associated with lower DD rates compared to the load without refocusing in both AUD groups, but not controls. Results suggest that refocusing attention after a cognitive load may be an effective cognitive strategy for reducing the impulsivity-enhancing effects of cognitive load on decision making in individuals with AUDs and AP. Copyright © 2017 Elsevier Inc. All rights reserved.

  7. Discounting in Time

    DEFF Research Database (Denmark)

    Fahrenberg, Uli; Larsen, Kim Guldstrand

    2009-01-01

    This paper deals with the issue of discounting in weighted timed transition systems. Discounting provides a way to model optimal-cost problems for infinite runs and has applications in optimal scheduling and other areas. We show that when postulating a certain natural additivity property for the ......This paper deals with the issue of discounting in weighted timed transition systems. Discounting provides a way to model optimal-cost problems for infinite runs and has applications in optimal scheduling and other areas. We show that when postulating a certain natural additivity property...

  8. Effect of irrigation with treated wastewater on soil chemical properties and infiltration rate.

    Science.gov (United States)

    Bedbabis, Saida; Ben Rouina, Béchir; Boukhris, Makki; Ferrara, Giuseppe

    2014-01-15

    In Tunisia, water scarcity is one of the major constraints for agricultural activities. The reuse of treated wastewater (TWW) in agriculture can be a sustainable solution to face water scarcity. The research was conducted for a period of four years in an olive orchard planted on a sandy soil and subjected to irrigation treatments: a) rain-fed conditions (RF), as control b) well water (WW) and c) treated wastewater (TWW). In WW and TWW treatments, an annual amount of 5000 m(3) ha(-1) of water was supplied to the orchard. Soil samples were collected at the beginning of the study and after four years for each treatment. The main soil properties such as electrical conductivity (EC), pH, soluble cations, chloride (Cl(-)), sodium adsorption ratio (SAR), organic matter (OM) as well as the infiltration rate were investigated. After four years, either a significant decrease of pH and infiltration rate or a significant increase of OM, SAR and EC were observed in the soil subjected to treated wastewater treatment. Copyright © 2013. Published by Elsevier Ltd.

  9. Discounting Behaviour and the Magnitude Effect

    DEFF Research Database (Denmark)

    Andersen, Steffen; Harrison, Glenn W.; Lau, Morten Igel

    2013-01-01

    We evaluate the claim that individuals exhibit a magnitude effect in their discounting behaviour, where higher discount rates are inferred from choices made with lower principals, all else being equal. If the magnitude effect is quantitatively significant, it is not appropriate to use one discount...... rate that is independent of the scale of the project for cost–benefit analysis and capital budgeting. Using data from a field experiment in Denmark, we find statistically significant evidence of a magnitude effect that is much smaller than is claimed. This evidence surfaces only if one controls...

  10. Impact of irrigation flow rate and intrapericardial fluid on cooled-tip epicardial radiofrequency ablation.

    Science.gov (United States)

    Aryana, Arash; O'Neill, Padraig Gearoid; Pujara, Deep K; Singh, Steve K; Bowers, Mark R; Allen, Shelley L; d'Avila, André

    2016-08-01

    The optimal irrigation flow rate (IFR) during epicardial radiofrequency (RF) ablation has not been established. This study specifically examined the impact of IFR and intrapericardial fluid (IPF) accumulation during epicardial RF ablation. Altogether, 452 ex vivo RF applications (10 g for 60 seconds) delivered to the epicardial surface of bovine myocardium using 3 open-irrigated ablation catheters (ThermoCool SmartTouch, ThermoCool SmartTouch-SF, and FlexAbility) and 50 in vivo RF applications delivered (ThermoCool SmartTouch-SF) in 4 healthy adult swine in the presence or absence of IPF were examined. Ex vivo, RF was delivered at low (≤3 mL/min), reduced (5-7 mL/min), and high (≥10 mL/min) IFRs using intermediate (25-35 W) and high (35-45 W) power. In vivo, applications were delivered (at 9.3 ± 2.2 g for 60 seconds at 39 W) using reduced (5 mL/min) and high (15 mL/min) IFRs. Ex vivo, surface lesion diameter inversely correlated with IFR, whereas maximum lesion diameter and depth did not differ. While steam pops occurred more frequently at low IFR using high power (ThermoCool SmartTouch and ThermoCool SmartTouch-SF), tissue disruption was rare and did not vary with IFR. In vivo, charring/steam pop was not detected. Although there were no discernible differences in lesion size with IFR, surface lesion diameter, maximum diameter, depth, and volume were all smaller in the presence of IPF at both IFRs. Cooled-tip epicardial RF ablation created using reduced IFRs (5-7 mL/min) yields lesion sizes similar to those created using high IFRs (≥10 mL/min) without an increase in steam pop/tissue disruption, whereas the presence of IPF significantly reduces the lesion size. Copyright © 2016 Heart Rhythm Society. Published by Elsevier Inc. All rights reserved.

  11. Discounting in the economic evaluation of health care interventions.

    Science.gov (United States)

    Krahn, M; Gafni, A

    1993-05-01

    Do economic theories that underlie discounting have specific implications for program evaluation in health? In this study, both the contemporary practice and the theoretical foundations of discounting are reviewed. The social discount rate controversy is considered, and the two major concepts (i.e., opportunity cost and time preference) involved in the formulation of a social discount rate are outlined. Also described are the arguments for discounting proposed by thinkers in non-economic disciplines. Finally, the implications of choosing a discount rate for evaluation of individual health care programs are considered. It is argued that the conventional practice of discounting all health care programs at a rate of 5% may not consistently reflect societal or individual preference. Specific recommendations arising from this paper are: 1) given the considerable disagreement at the theoretical level as to the appropriate social discount rate, analysts should be specific about what theoretical approach underlies their choice of rate, especially when the analytic result is sensitive to the discount rate; 2) the discount rate chosen should be appropriate for the perspective of the analysis (social vs. individual vs. institutional, etc.); 3) when appropriate, measures should be taken to avoid double discounting, because some health related outcome measures already incorporate individuals' time preference; and 4) it is suggested that the political process may serve as the appropriate means of reflecting social values in the choice of a discount rate. In addition, the authors argue that a consensus conference approach, with political participation, offers a flexible, pragmatic, and explicit way of synthesizing the empirical, normative, and ethical considerations that underlie choice of a discount rate.

  12. Positive mood effects on delay discounting.

    Science.gov (United States)

    Hirsh, Jacob B; Guindon, Alex; Morisano, Dominique; Peterson, Jordan B

    2010-10-01

    Delay discounting is the process by which the value of an expected reward decreases as the delay to obtaining that reward increases. Individuals with higher discounting rates tend to prefer smaller immediate rewards over larger delayed rewards. Previous research has indicated that personality can influence an individual's discounting rates, with higher levels of Extraversion predicting a preference for immediate gratification. The current study examined how this relationship would be influenced by situational mood inductions. While main effects were observed for both Extraversion and cognitive ability in the prediction of discounting rates, a significant interaction was also observed between Extraversion and positive affect. Extraverted individuals were more likely to prefer an immediate reward when first put in a positive mood. Extraverts thus appear particularly sensitive to impulsive, incentive-reward-driven behavior by temperament and by situational factors heightening positive affect. (PsycINFO Database Record (c) 2010 APA, all rights reserved).

  13. Values in Time Discounting.

    Science.gov (United States)

    Heilmann, Conrad

    2017-10-01

    Controversies about time discounting loom large in decisions about climate change. Prominently, a particularly controversial debate about time discounting in climate change decision-making has been conducted within climate economics, between the authors of Stern et al. (Stern review on the economics of climate change, 2006) and their critics (most prominently Dasgupta in Comments on the Stern review's economics of climate change, 2006; Tol in Energy Environ 17(6):977-981, 2006; Weitzman in J Econ Lit XLV:703-724, 2007; Nordhaus in J Econ Lit XLV:686-702, 2007). The article examines the role of values in this debate. Firstly, it is shown that time discounting is a case in which values are key because it is at heart an ethical problem. Secondly, it is argued that time discounting in climate economics is a case of economists making frequent and routine references to ethical values and indeed conduct ethical debates with each other. Thirdly, it is argued that there is evidence for deep and pervasive entanglement between facts and values in the prevalent methodologies for time discounting. Finally, it is argued that this means that economists have given up the 'value-free ideal' concerning time discounting, and discussed how the current methodology of time discounting in economics can be improved.

  14. Evaluation of Fluent Software for Simulation and Costruction of a Variable Rate Sprinkler for an Autonomous Irrigation System

    Directory of Open Access Journals (Sweden)

    H Roshan

    2014-09-01

    Full Text Available Water scarcity is today’s world biggest challenge which requires different countries to manage their water resources in the most efficient way. Sprinkler irrigation increases water consumption efficiency due to more uniform distribution of water across the field. Precision farming is based on the site-specific use of inputs according to soil characteristics and plant needs. One of the main inputs for agricultural production is water. Thus, efficient use of water resources based on variable rate irrigation is considered to be a basic approach of precision irrigation. The main purpose of this study was to simulate and fabricate a variable flow sprinkler, applicable in solid set sprinkler irrigation system. The preliminary drawing of the proposed sprinkler, which equipped with a flow and pressure control plunger, was simulated using Fluent software. The actual sprinkler was then fabricated and evaluated in a field. The performance of the sprinkler was evaluated at three pressure levels, three plunger positions (at the points of the least and biggest sprinkler’s cross section for water passage and three diameters of outlet nozzle opening. Results showed that the plunger had the capability of varying outlet flow and pressure in the sprinkler and trends in flow and pressure variation as affected by the plunger position was very complicated. The Fluent model for conditions with fully open of the plunger and half opened was effectively efficient. However, as the plunger closed the water passage more than the half of cross section, the model did not show an acceptable efficiency.

  15. The economics of climate change and the theory of discounting

    International Nuclear Information System (INIS)

    Philibert, C.

    1999-01-01

    This paper confronts the theory of discounting with climate change economics. Standard discounting would give long-term damages a very low present value. On the other hand, low discount rates would imply more sacrifices for present generations, although future generations may be richer. And using multiple rates would lead to economic inefficiencies. The paper first shows that arguments favouring a low or zero discount rate in general are weak, even from an ethical point of view. It goes on by considering different arguments in favour of discount rates decreasing over time, and by recalling the argument that non-reproducible environmental assets should be given a value growing over time. Through the example of climate change, it finally shows that the latter argument not only implies that the costs of damages associated to climate change should not be underestimated, but also reinforce the legitimacy of using decreasing discount rates. (author)

  16. Sleep deprivation alters effort discounting but not delay discounting of monetary rewards.

    Science.gov (United States)

    Libedinsky, Camilo; Massar, Stijn A A; Ling, Aiqing; Chee, Weiyan; Huettel, Scott A; Chee, Michael W L

    2013-06-01

    To determine whether sleep deprivation would affect the discounting of delayed rewards, of rewards entailing the expense of effort, or both. We measured rates of two types of reward discounting under conditions of rested wakefulness (RW) and sleep deprivation (SD). Delay discounting was defined as the willingness to accept smaller monetary rewards sooner rather than larger monetary rewards later. Effort discounting was defined as the willingness to accept smaller rewards that require less effort to obtain (e.g., typing a small number of letter strings backward) over larger but more effortful rewards (e.g., typing more letter strings to receive the reward). The first two experiments used a crossover design in which one session was conducted after a normal night of sleep (RW), and the other after a night without sleep (SD). The first experiment evaluated only temporal discounting whereas the second evaluated temporal and effort discounting. In the second experiment, the discounting tasks were repeatedly administered prior to the state comparisons to minimize the effects of order and/or repeated testing. In a third experiment, participants were studied only once in a between-subject evaluation of discounting across states. The study took place in a research laboratory. Seventy-seven healthy young adult participants: 20 in Experiment 1, 27 in Experiment 2, and 30 in Experiment 3. N/A. Sleep deprivation elicited increased effort discounting but did not affect delay discounting. The dissociable effects of sleep deprivation on two forms of discounting behavior suggest that they may have differing underlying neural mechanisms.

  17. Survey of time preference, delay discounting models

    Directory of Open Access Journals (Sweden)

    John R. Doyle

    2013-03-01

    Full Text Available The paper surveys over twenty models of delay discounting (also known as temporal discounting, time preference, time discounting, that psychologists and economists have put forward to explain the way people actually trade off time and money. Using little more than the basic algebra of powers and logarithms, I show how the models are derived, what assumptions they are based upon, and how different models relate to each other. Rather than concentrate only on discount functions themselves, I show how discount functions may be manipulated to isolate rate parameters for each model. This approach, consistently applied, helps focus attention on the three main components in any discounting model: subjectively perceived money; subjectively perceived time; and how these elements are combined. We group models by the number of parameters that have to be estimated, which means our exposition follows a trajectory of increasing complexity to the models. However, as the story unfolds it becomes clear that most models fall into a smaller number of families. We also show how new models may be constructed by combining elements of different models. The surveyed models are: Exponential; Hyperbolic; Arithmetic; Hyperboloid (Green and Myerson, Rachlin; Loewenstein and Prelec Generalized Hyperboloid; quasi-Hyperbolic (also known as beta-delta discounting; Benhabib et al's fixed cost; Benhabib et al's Exponential / Hyperbolic / quasi-Hyperbolic; Read's discounting fractions; Roelofsma's exponential time; Scholten and Read's discounting-by-intervals (DBI; Ebert and Prelec's constant sensitivity (CS; Bleichrodt et al.'s constant absolute decreasing impatience (CADI; Bleichrodt et al.'s constant relative decreasing impatience (CRDI; Green, Myerson, and Macaux's hyperboloid over intervals models; Killeen's additive utility; size-sensitive additive utility; Yi, Landes, and Bickel's memory trace models; McClure et al.'s two exponentials; and Scholten and Read's trade

  18. Open access discount information

    International Development Research Centre (IDRC) Digital Library (Canada)

    Lauren Doyle

    Wiley Interdisciplinary Reviews: Climate Change. Wiley offers OA in: Gold: ... International Journal of Health Services. Journal of ... Camridge University Press offers waivers and discounts based on: 1) Authors of ... based on the World Bank list.

  19. Soil water sensing: Implications of sensor capabilities for variable rate irrigation management

    Science.gov (United States)

    Irrigation scheduling using soil water sensors aims at maintaining the soil water content in the crop root zone above a lower limit defined by the management allowed depletion (MAD) for that soil and crop, but not so wet that too much water is lost to deep percolation, evaporation and runoff or that...

  20. Discounting risks in the far future

    International Nuclear Information System (INIS)

    Lind, Niels

    2007-01-01

    Risks to life and health in the future must be discounted in quantitative risk analysis. Yet, risks in the distant future become trivialized if any reasonable constant interest rate is used. Our responsibility toward future generations rules out such drastic discounting. A solution to this problem is proposed here, resting on the ethical principle that our duty with respect to saving lives is the same to all generations, whether in the near or far future. It is shown that when a choice between prospects involving different risks has a financing horizon T, then ordinary principles of discounting apply up to this time T, while no further discounting is justifiable after T. The principle implies that risk events beyond the financing horizon should be valued as if they occurred at the financing horizon

  1. On the Dividend Strategies with Non-Exponential Discounting

    OpenAIRE

    Zhao, Qian; Wei, Jiaqin; Wang, Rongming

    2013-01-01

    In this paper, we study the dividend strategies for a shareholder with non-constant discount rate in a diffusion risk model. We assume that the dividends can only be paid at a bounded rate and restrict ourselves to the Markov strategies. This is a time inconsistent control problem. The extended HJB equation is given and the verification theorem is proved for a general discount function. Considering the pseudo-exponential discount functions (Type I and Type II), we get the equilibrium dividend...

  2. The Vivid Present: Visualization Abilities Are Associated with Steep Discounting of Future Rewards.

    Science.gov (United States)

    Parthasarathi, Trishala; McConnell, Mairead H; Luery, Jeffrey; Kable, Joseph W

    2017-01-01

    Humans and other animals discount the value of future rewards, a phenomenon known as delay discounting. Individuals vary widely in the extent to which they discount future rewards, and these tendencies have been associated with important life outcomes. Recent studies have demonstrated that imagining the future reduces subsequent discounting behavior, but no research to date has examined whether a similar principle applies at the trait level, and whether training visualization changes discounting. The current study examined if individual differences in visualization abilities are linked to individual differences in discounting and whether practicing visualization can change discounting behaviors in a lasting way. Participants ( n = 48) completed the Vividness of Visual Imagery Questionnaire (VVIQ) and delay discounting task and then underwent a 4-week intervention consisting of visualization training (intervention) or relaxation training (control). Contrary to our hypotheses, participants who reported greater visualization abilities (lower scores) on the VVIQ were higher discounters. To further examine this relationship, an additional 106 participants completed the VVIQ and delay discounting task. In the total sample ( n = 154), there was a significant negative correlation between VVIQ scores and discount rates, showing that individuals who are better visualizers are also higher discounters. Consistent with this relationship but again to our surprise, visualization training tended, albeit weakly, to increase discount rates, and those whose VVIQ decreased the most were those whose discount rates increased the most. These results suggest a novel association between visualization abilities and delay discounting.

  3. Observed and Normative Discount Functions in Addiction and other Diseases.

    Science.gov (United States)

    Cruz Rambaud, Salvador; Muñoz Torrecillas, María J; Takahashi, Taiki

    2017-01-01

    The aim of this paper is to find a suitable discount function able to describe the progression of a certain addiction or disease under treatment as a discounting process. In effect, a certain indicator related to a disease decays over time in a manner which is mathematically similar to the way in which discounting has been modeled. We analyze the discount functions observed in experiments which study addictive and other problematic behaviors as well as some alternative hyperbola-like discount functions in order to fit the patience exhibited by the subject after receiving the treatment. Additionally, it has been experimentally found that people with addiction display high rates of discount (impatience) and preference reversals (dynamic inconsistency). This excessive discounting must be correctly modeled by a suitable discount function, otherwise, it can become a trans-disease process underlying addiction and other disorders. The (generalized) exponentiated hyperbolic discount function is proposed to describe the progression of a disease with respect to the treatment, since it maintains the property of inconsistency by exhibiting a decreasing discount rate after an initial period in which the opposite occurs.

  4. Does tree species richness attenuate the effect of experimental irrigation and drought on decomposition rate in young plantation forests?

    Science.gov (United States)

    Masudur Rahman, Md; Verheyen, Kris; Castagneyrol, Bastien; Jactel, Hervé; Carnol, Monique

    2017-04-01

    Expected changes in precipitation in Europe due to climate change are likely to affect soil organic matter (OM) transformation. In forests, increasing tree species diversity might modulate the effect of changed precipitation. We evaluated the effect of tree species richness on the decomposition and stabilization rate in combination with reduced precipitation (FORBIO, Belgium) and irrigation treatment (ORPHEE, southern France) in young (6-8 yr.) experimental plantations. The species richness were one to four in FORBIO and one to five in ORPHEE. Twenty four rainout shelters of 3 m × 3 m were built around oak and beech trees in FORBIO plantation to impose a reduced precipitation treatment, whereas four of the eight blocks (175 m×100 m) in ORPHEE plantation was subjected to irrigation treatment. These treatments resulted in about 4% less soil moisture in FORBIO and about 7% higher soil moisture in ORPHEE compared to control. Commercially available green and rooibos tea bags were buried in the soil at 5-7 cm depth to measure two decomposition indices, known as 'tea bag index' (TBI). These TBI are (i) decomposition rate (k) and (ii) stabilization rate (S). The results showed no species richness effect on TBI indices in both reduced precipitation and irrigation treatment. In FORBIO, reduced precipitation resulted in decreased k and increased S compared to control around the beech trees only. In ORPHEE, both k and S were higher in the irrigation treatment compared to control. Overall, TBI indices were higher in FORBIO than ORPHEE and this might be explained by the sandy soils and poor nutrient content at the ORPHEE site. These results suggest that OM decomposition rate may be slower in drier condition and OM stabilization rate may be slower or faster in drier condition, depending on the site quality. The absence of tree species effects on OM transformation indicates that tree species richness would not be able to modulate the effects of changed precipitation patterns in

  5. Accounting conventions for discounting in the optimisation of protection

    International Nuclear Information System (INIS)

    Fleishman, A.B.

    1983-01-01

    Some of the implications which arise from the use of accounting conventions in the cost benefit framework for optimization of radiation protection are briefly examined. Some accounting techniques which appear not to discount future detriment costs do so, in fact, at a hidden fixed rate; others give a free choice over whether to discount and at what rate. (U.K.)

  6. Explicit information reduces discounting behavior in monkeys

    Directory of Open Access Journals (Sweden)

    John ePearson

    2010-12-01

    Full Text Available Animals are notoriously impulsive in common laboratory experiments, preferring smaller, sooner rewards to larger, delayed rewards even when this reduces average reward rates. By contrast, the same animals often engage in natural behaviors that require extreme patience, such as food caching, stalking prey, and traveling long distances to high quality food sites. One possible explanation for this discrepancy is that standard laboratory delay discounting tasks artificially inflate impulsivity by subverting animals’ common learning strategies. To test this idea, we examined choices made by rhesus macaques in two variants of a standard delay discounting task. In the conventional variant, post-reward delays were uncued and adjusted to render total trial length constant; in the second, all delays were cued explicitly. We found that measured discounting was significantly reduced in the cued task, with discount rates well below those reported in studies using the standard uncued design. When monkeys had complete information, their decisions were more consistent with a strategy of reward rate maximization. These results indicate that monkeys, and perhaps other animals, are more patient than is normally assumed, and that laboratory measures of delay discounting may overstate impulsivity.

  7. Value of the future: Discounting in random environments

    Science.gov (United States)

    Farmer, J. Doyne; Geanakoplos, John; Masoliver, Jaume; Montero, Miquel; Perelló, Josep

    2015-05-01

    We analyze how to value future costs and benefits when they must be discounted relative to the present. We introduce the subject for the nonspecialist and take into account the randomness of the economic evolution by studying the discount function of three widely used processes for the dynamics of interest rates: Ornstein-Uhlenbeck, Feller, and log-normal. Besides obtaining exact expressions for the discount function and simple asymptotic approximations, we show that historical average interest rates overestimate long-run discount rates and that this effect can be large. In other words, long-run discount rates should be substantially less than the average rate observed in the past, otherwise any cost-benefit calculation would be biased in favor of the present and against interventions that may protect the future.

  8. Discounting the future: influence of the economic model.

    Science.gov (United States)

    West, R R

    1996-06-01

    To consider the effect of the economic discount rate on health care policy and the rationale for discounting the collective future of society generally. A review of the concept of discounting the future vis à vis the present from the points of view of individuals (who pass on) and of societies (that continue) and reconsideration of the application of discounting to typical public health scenarios. A public health service, within a basically stable society, which can reasonably anticipate a nearly certain future. Discounting necessarily overvalues the "here and now" compared with the future. While applications of discount rates, typical of those employed in health economic studies in recent years, may seem rational in health care programmes directed at middle aged employed people, they do not for the young and the elderly, important recipients of health care. The consequences of discounting do not accord with the aims and objectives of public health. The "time preferences" of transient individuals within a stable society do not provide a rational basis for time preference of a stable society collectively. Discounting inevitably encourages "short termism" and hence biases public policy decision making. The neoclassical theory that gave rise to the concept of discounting requires revision.

  9. The impact of small irrigation diversion dams on the recent migration rates of steelhead and redband trout (Oncorhynchus mykiss)

    Science.gov (United States)

    Weigel, Dana E.; Connolly, Patrick J.; Powell, Madison S.

    2013-01-01

    Barriers to migration are numerous in stream environments and can occur from anthropogenic activities (such as dams and culverts) or natural processes (such as log jams or dams constructed by beaver (Castor canadensis)). Identification of barriers can be difficult when obstructions are temporary or incomplete providing passage periodically. We examine the effect of several small irrigation diversion dams on the recent migration rates of steelhead (Oncorhynchus mykiss) in three tributaries to the Methow River, Washington. The three basins had different recent migration patterns: Beaver Creek did not have any recent migration between sites, Libby Creek had two-way migration between sites and Gold Creek had downstream migration between sites. Sites with migration were significantly different from sites without migration in distance, number of obstructions, obstruction height to depth ratio and maximum stream gradient. When comparing the sites without migration in Beaver Creek to the sites with migration in Libby and Gold creeks, the number of obstructions was the only significant variable. Multinomial logistic regression identified obstruction height to depth ratio and maximum stream gradient as the best fitting model to predict the level of migration among sites. Small irrigation diversion dams were limiting population interactions in Beaver Creek and collectively blocking steelhead migration into the stream. Variables related to stream resistance (gradient, obstruction number and obstruction height to depth ratio) were better predictors of recent migration rates than distance, and can provide important insight into migration and population demographic processes in lotic species.

  10. On the Relation between Discounting of Climate Change and Edgeworth-Pareto Substitutability

    NARCIS (Netherlands)

    Kögel, M.T.

    2009-01-01

    To justify substantial carbon emission reductions, recent literature on cost-benefit analysis of climate change suggests discounting environmental quality at a lower discount rate than the standard consumption discount rate. Recent literature also shows that a theoretical foundation for such a lower

  11. Concordance between monetary and sexual delay discounting in men who have sex with men.

    Science.gov (United States)

    Jones, Jeb; Guest, Jodie L; Sullivan, Patrick S; Kramer, Michael R; Jenness, Samuel M; Sales, Jessica M

    2017-12-07

    Background: Delay discounting has been found to be associated with numerous health-related outcomes, including risky sexual behaviour. To date, it is unclear whether delay discounting measured in different domains is associated within individuals. The goal of this study was to assess the concordance of monetary and sexual delay discounting in men who have sex with men. Methods: Participants completed an online survey, including the Monetary Choice Questionnaire and the Sexual Discounting Task. Linear regression models were used to assess the association between monetary and sexual discount rates. Results: Sexual discount rates did not predict monetary discount rates. There was a substantial amount of clustering of sexual discount rates, requiring sexual discounting data to be categorised. Conclusions: Monetary and sexual delay discounting are distinct processes that are not necessarily associated within individuals, and monetary delay discounting is not an appropriate proxy measure for sexual impulsivity. Data from the Sexual Discounting Task are typically rank-transformed for analysis. These data suggest that this might be an invalid method of analysis. Future studies should investigate the distribution of their data to determine if it is appropriate to analyse sexual discounting data as a continuous measure.

  12. Shopping in discount stores

    DEFF Research Database (Denmark)

    Zielke, Stephan

    2014-01-01

    quarters of intentions to shop in discount stores. Value perception has the strongest total effect, which is partly mediated by enjoyment, shame and guilt. Attributions influence the shopping intention indirectly via value perception and emotions. The inferior quality attribution has the strongest total......This paper analyzes the impact of price-related attributions, emotions and value perception on the intention to shop at grocery discounters in an integrated framework. Moderating effects of price consciousness are also analyzed. The results show that the proposed model explains almost three...... effect, followed by the efficiency of the business model attribution. The unfairness to stakeholders and the tricks in price communication attribution mostly influence the shopping intention for less price-conscious customers....

  13. Can nitrate contaminated groundwater be remediated by optimizing flood irrigation rate with high nitrate water in a desert oasis using the WHCNS model?

    Science.gov (United States)

    Liang, Hao; Qi, Zhiming; Hu, Kelin; Prasher, Shiv O; Zhang, Yuanpei

    2016-10-01

    Nitrate contamination of groundwater is an environmental concern in intensively cultivated desert oases where this polluted groundwater is in turn used as a major irrigation water resource. However, nitrate fluxes from root zone to groundwater are difficult to monitor in this complex system. The objectives of this study were to validate and apply the WHCNS (soil Water Heat Carbon Nitrogen Simulator) model to simulate water drainage and nitrate leaching under different irrigation and nitrogen (N) management practices, and to assess the utilization of groundwater nitrate as an approach to remediate nitrate contaminated groundwater while maintain crop yield. A two-year field experiment was conducted in a corn field irrigated with high nitrate groundwater (20 mg N L(-1)) in Alxa, Inner Mongolia, China. The experiment consisted of two irrigation treatments (Istd, standard, 750 mm per season; Icsv, conservation, 570 mm per season) factorially combined with two N fertilization treatments (Nstd, standard, 138 kg ha(-1); Ncsv, conservation, 92 kg ha(-1)). The validated results showed that the WHCNS model simulated values of crop dry matter, yield, soil water content and soil N concentration in soil profile all agreed well with the observed values. Compared to the standard water management (Istd), the simulated drainage and nitrate leaching decreased about 65% and 59%, respectively, under the conservation water management (Icsv). Nearly 55% of input N was lost by leaching under the IstdNstd and IstdNcsv treatments, compared to only 26% under the IcsvNstd and IcsvNcsv treatments. Simulations with more than 240 scenarios combing different levels of irrigation and fertilization indicated that irrigation was the main reason leading to the high risk of nitrate leaching, and the nitrate in irrigation groundwater can be best utilized without corn yield loss when the total irrigation was reduced from the current 750 mm to 491 mm. This reduced irrigation rate facilitated

  14. Discounting in the evaluation of the cost-effectiveness of a vaccination programme: A critical review.

    Science.gov (United States)

    Jit, Mark; Mibei, Walter

    2015-07-31

    Discounting future costs and health benefits usually has a large effect on results of cost-effectiveness evaluations of vaccination because of delays between the initial expenditure in the programme and the health benefits from averting disease. Most guidelines currently recommend discounting both costs and health effects at a positive, constant, common rate back to a common point in time. A review of 84 published economic evaluations of vaccines found that most of them apply these recommendations. However, both technical and normative arguments have been presented for discounting health at a different rate to consumption (differential discounting), discounting at a rate that changes over time (non-constant discounting), discounting intra-generational and inter-generational effects at a different rate (two-stage discounting), and discounting the health gains from an intervention to a different discount year from the time of intervention (delayed discounting). These considerations are particularly acute for vaccines, because their effects can occur in a different generation from the one paying for them, and because the time of vaccination, of infection aversion, and of disease aversion usually differ. Using differential, two-stage or delayed discounting in model-based cost-effectiveness evaluations of vaccination raises technical challenges, but mechanisms have been proposed to overcome them. Copyright © 2015 The Authors. Published by Elsevier Ltd.. All rights reserved.

  15. Network Effects Versus Strategic Discounting

    DEFF Research Database (Denmark)

    Zucchini, Leon; Claussen, Jörg; Trüg, Moritiz

    . Alternatively, research on strategic discounting suggests small operators use on-net discounts to advertise with low on-net prices. We test the relative strength of these effects using data on tariff setting in German mobile telecommunications between 2001 and 2009. We find that large operators are more likely......Mobile telecommunication operators routinely charge subscribers lower prices for calls on their own network than for calls to other networks (on-net discounts). Studies on tariff-mediated network effects suggest this is due to large operators using on-net discounts to damage smaller rivals...

  16. The Contrast Effect in Temporal and Probabilistic Discounting

    Science.gov (United States)

    Chen, Cheng; He, Guibing

    2016-01-01

    In this information age, messages related to time, and uncertainty surround us. At the same time, our daily lives are filled with decisions accompanied by temporal delay or uncertainty. Will such information influence our temporal and probabilistic discounting? The authors address this question from the perspectives of decision by sampling (DbS) theory and psychological distance theory. Studies 1 and 2 investigated the effect of contextual messages on temporal discounting and probabilistic discounting, respectively. The results indicated that participants who memorized messages about long-term and low-probability events rated delay or uncertainty as mentally closer and exhibited a less degree of value discounting than those who memorized messages regarding short-term and high-probability events. In addition, a sense of distance from present or reality mediated the effect of contextual messages on value discounting. The implications of the current findings for theory and applications are discussed. PMID:27014122

  17. Maximum Plant Uptakes for Water, Nutrients, and Oxygen Are Not Always Met by Irrigation Rate and Distribution in Water-based Cultivation Systems.

    Science.gov (United States)

    Blok, Chris; Jackson, Brian E; Guo, Xianfeng; de Visser, Pieter H B; Marcelis, Leo F M

    2017-01-01

    Growing on rooting media other than soils in situ -i.e., substrate-based growing- allows for higher yields than soil-based growing as transport rates of water, nutrients, and oxygen in substrate surpass those in soil. Possibly water-based growing allows for even higher yields as transport rates of water and nutrients in water surpass those in substrate, even though the transport of oxygen may be more complex. Transport rates can only limit growth when they are below a rate corresponding to maximum plant uptake. Our first objective was to compare Chrysanthemum growth performance for three water-based growing systems with different irrigation. We compared; multi-point irrigation into a pond (DeepFlow); one-point irrigation resulting in a thin film of running water (NutrientFlow) and multi-point irrigation as droplets through air (Aeroponic). Second objective was to compare press pots as propagation medium with nutrient solution as propagation medium. The comparison included DeepFlow water-rooted cuttings with either the stem 1 cm into the nutrient solution or with the stem 1 cm above the nutrient solution. Measurements included fresh weight, dry weight, length, water supply, nutrient supply, and oxygen levels. To account for differences in radiation sum received, crop performance was evaluated with Radiation Use Efficiency (RUE) expressed as dry weight over sum of Photosynthetically Active Radiation. The reference, DeepFlow with substrate-based propagation, showed the highest RUE, even while the oxygen supply provided by irrigation was potentially growth limiting. DeepFlow with water-based propagation showed 15-17% lower RUEs than the reference. NutrientFlow showed 8% lower RUE than the reference, in combination with potentially limiting irrigation supply of nutrients and oxygen. Aeroponic showed RUE levels similar to the reference and Aeroponic had non-limiting irrigation supply of water, nutrients, and oxygen. Water-based propagation affected the subsequent

  18. Delay discounting as a function of intrinsic/extrinsic religiousness, religious fundamentalism, and regular church attendance.

    Science.gov (United States)

    Weatherly, Jeffrey N; Plumm, Karyn M

    2012-01-01

    Delay discounting occurs when the subjective value of an outcome decreases because its delivery is delayed. Previous research has suggested that the rate at which some, but not all, outcomes are discounted varies as a function of regular church attendance. In the present study, 509 participants completed measures of intrinsic religiousness, extrinsic religiousness, religious fundamentalism, and whether they regularly attended church services. They then completed a delay-discounting task involving five outcomes. Although religiousness was not a significant predictor of discounting for all outcomes, participants scoring high in intrinsic religiousness tended to display less delay discounting than participants scoring low. Likewise, participants scoring high in religious fundamentalism tended to display more delay discounting than participants scoring low. These results partially replicate previous ones in showing that the process of discounting may vary as a function of religiousness. The results also provide some direction for those interested in altering how individuals discount.

  19. 25 CFR 171.500 - How does BIA determine the annual operation and maintenance assessment rate for the irrigation...

    Science.gov (United States)

    2010-04-01

    ... costs needed for the reliable operation of the irrigation facility infrastructure; (8) Maintenance of a... 25 Indians 1 2010-04-01 2010-04-01 false How does BIA determine the annual operation and... Indians BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR LAND AND WATER IRRIGATION OPERATION AND...

  20. Influence of refreshment/activation cycles and temperature rise on the reaction rate of sodium hypochlorite with bovine dentine during ultrasonic activated irrigation

    NARCIS (Netherlands)

    Macedo, R.G.; Verhaagen, B.; Wesselink, P.R.; Versluis, Michel; van der Sluis, L.W.M.

    2014-01-01

    Aim To evaluate the effect of multiple refreshment/activation cycles and temperature on the reaction rate of sodium hypochlorite (NaOCl) with bovine dentine during ultrasonic activated irrigation (UAI) under laboratory conditions. Methodology The root canal walls of 24 standardized root canals in

  1. Effect of Irrigation Water Type on Infiltration Rates of Sandy Soil

    International Nuclear Information System (INIS)

    Al-Omran, A.M.; Al-Matrood, S.M.; Choudhary, M.I.

    2004-01-01

    A laboratory experiment was conducted to test the effect of three water types (tap water, well water and sewage water) on the infiltration rate of three soils varying in texture (sand. loamy sand and sandy loam). A stationary rainfall simulator dispensing water at a rate of 45 mm h-1, connected to the different sources of water, was used to measure the infiltration rates. A total of 5 runs were carried out using each water quality. The volume of runoff against the time was recorded at each 5 minute interval. The infiltration rate was calculated as the difference between the water applied and the excesses water measured as surface runoff. Infiltration rate at first run were rapid in all the three soils and then progressively declined as the number of runs increased. The same trend was observed for each water quality tested. The reduction in infiltration rate with increasing number of runs for prewetted surface than for the initial dry surface was attributed to break down and settling of fine particles that took place earlier during prewetting. The infiltration curves for all the three soils when irrigared with different qualities of water was not distinguishable. The relationship between infiltration rate as function of time for the treatments applied were tested using Kostiakov equation I=bt-n. The infiltration data gave a coefficient of determination R2 >0.90 for all the treatments. The infiltration parameters B, and n varied strongly with respect to soil texture. Values of B decreased with changing soil textures, being highest for the sandy soil, and lowest for the sandy loamy soil, whereas n values showed the opposite trend. It was concluded that effect of soil texture on the infiltration rate was very pronounced while water qualities showed a little effect. (author)

  2. Discounting of quantity surveying fees in South Africa

    African Journals Online (AJOL)

    by clients have forced Quantity Surveying firms into competition with ... Furthermore, 43% of consulting engineering firms were discounting their fees at a rate of .... Quantity. Surveying services are also offered in the fields of dispute resolution,.

  3. Systems and rates of aerial application of fungicides in irrigated rice

    Directory of Open Access Journals (Sweden)

    Tânia Bayer

    Full Text Available ABSTRACT The present research studied the performance of flat-fan and hollow-cone nozzles, with application rates of 20 and 30 L ha-1, and rotary disc atomizer with application rates of 10 and 15 L ha-1. The test was conducted with a fungicide spray tank composed of Azoxystrobin + Difenoconazole, in which the density and penetration of droplets into the canopy were evaluated using a water-sensitive paper and the distribution of the active ingredients in the plant was evaluated through the chromatographic analysis. Higher application rates resulted in higher droplet density in the upper stratum of plants. In all treatments, the penetration of the droplets was 26% into the middle stratum and 23% into the lower stratum, in relation to the top of the crop, resulting in an average 25% penetration of droplets into the leaf canopy. The active ingredients were distributed in greater quantity in the upper stratum of the plant. For the same weight, the upper part of the ‘Puitá Inta CL’ rice cultivar has a leaf area 6.4 times larger than the lower part. It was concluded that higher application rate leads to higher droplet density in the upper stratum of the leaf canopy and that all systems and application rates promoted similar penetration of droplets into the canopy.

  4. Climate policy under sustainable discounted utilitarianism

    Energy Technology Data Exchange (ETDEWEB)

    Dietz, Simon [London School of Economics and Political Science (LSE) (United Kingdom); Asheim, Geir B. [Oslo Univ. (Norway). Dept. of Economics

    2011-08-15

    Empirical evaluation of policies to mitigate climate change has been largely confined to the application of discounted utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for climate policies, where the discounting of future utility gains from present abatement efforts makes it harder for such measures to justify their present costs. In this paper, we propose sustainable discounted utilitarianism (SDU) as an alternative principle for evaluation of climate policy. Unlike undiscounted utilitarianism, which always assigns zero relative weight to present utility, SDU is an axiomatically based criterion, which departs from DU by assigning zero weight to present utility if and only if the present is better off than the future. Using the DICE integrated assessment model to run risk analysis, we show that it is possible for the future to be worse off than the present along a 'business as usual' development path. Consequently SDU and DU differ, and willingness to pay for emissions reductions is (sometimes significantly) higher under SDU than under DU. Under SDU, stringent schedules of emissions reductions increase social welfare, even for a relatively high utility discount rate. (orig.)

  5. Radium isotopes in Port Phillip Bay: estimation of the rate of bio irrigation of sediments, and water residence time

    International Nuclear Information System (INIS)

    Hancock, G.J.; Webster, I.T.

    1998-01-01

    Recent work has shown that estuarine sediments are a source of radium (Ra) to coastal waters (Bollinger and Moore, 1982, Webster et al., 1994; Hancock et al., 1997). Ra is soluble in saline water (Moore, 1992, Webster et al., 1995) and is rapidly desorbed into porewater from deposited fluvial sediments where it is continuously generated by insoluble Th parents. The rate at which Ra effuses into surface water has been used to determine the rate of surface-water pore water exchange (Hancock and Murray, 1996). Once in the water column, the behaviour of Ra is essentially conservative, enabling the determination of water residence time in a semi-enclosed estuary (Turekian et al., 1996). Here we use measurements of Ra in an estuary to estimate two water mixing processes. Port Phillip Bay (PPB) is a semi-enclosed estuary adjacent to the city of Melbourne, one of the highest density population centres in Australia. The Bay is approximately 50 km in diameter, and has an average depth of 14 m. A recent study found that the potential for eutrophication and algal blooms in the Bay was intricately linked to the fate of nutrients, particularly nitrogen, discharged into the Bay from rivers, drains, and sewage treatment plants (Harris et al. 1996). Two of the most important processes controlling the levels of inorganic N in the water column were identified as bio irrigation of bottom sediments, and the rate of exchange of Bay water with ocean water via Bass Strait. In this paper we describe how Ra isotopes can be used to estimate the rates of these processes, and we compare these rates with estimates made using conventional techniques. Water and sediment samples were collected from five sites in February 1996. Sediment cores were collected by divers, frozen, and sectioned in the laboratory. Surface, mid depth and bottom water samples were collected using a Niskin bottle. Radionuclide activities were determined by alpha spectrometry (Martin and Hancock, 1992) and gamma spectrometry

  6. 5 CFR 1315.7 - Discounts.

    Science.gov (United States)

    2010-01-01

    ... acceptance has occurred. Agencies are encouraged to include discount terms in a contract to give agencies... web site at http://www.fms.treas.gov/prompt/index.html. (b) Discounts taken after the discount date...

  7. Heaven can wait. How religion modulates temporal discounting.

    Science.gov (United States)

    Paglieri, Fabio; Borghi, Anna M; Colzato, Lorenza S; Hommel, Bernhard; Scorolli, Claudia

    2013-11-01

    Evidence suggests that religious systems have specific effects on attentional and action control processes. The present study investigated whether religions also modulate choices that involve higher-order knowledge and the delay of gratification in particular. We tested Dutch Calvinists, Italian Catholics, and Atheists from both countries/cultures using an intertemporal choice task where participants could choose between a small immediate and a larger delayed monetary reward. Based on the Calvinist theory of predestination and the Catholic concept of a cycle of sin-confession-expiation, we predicted a reduced delay tolerance, i.e., higher discount rate, for Italian Catholics than for Dutch Calvinists, and intermediate rates for the two atheist groups. Analyses of discount rates support our hypotheses. We also found a magnitude effect on temporal discounting and faster responses for large than for small rewards across religions and countries/cultures. We conclude that temporal discounting is specifically modulated by religious upbringing rather than by generic cultural differences.

  8. Delayed discounting of pain with and without monetary reward

    Directory of Open Access Journals (Sweden)

    Kicman Paweł

    2017-12-01

    Full Text Available We investigated the effect of monetary rewards on the rate of pain discounting. Our aim, also, was to understand the effect of previous painful dental experiences on the rate of discounting pain. Two groups (N = 148 completed a discounting task. In the first group, delayed pain was weaker than immediate pain, and in the second group delayed pain was stronger than immediate pain. Two conditions were studied: pain was either accompanied by a monetary reward or not. We found that people preferred immediate pain when it was weaker than delayed pain; however, when delayed pain was stronger than immediate pain, there was no clear preference. In both groups the preference for immediate pain was higher when pain was accompanied by a monetary reward. Previous painful experiences were not related to the rate of discounting. It was concluded that the preference for delayed pain depends on the intensity of pain, and it can be modified by rewards that accompany pain.

  9. Discounted cost model for condition-based maintenance optimization

    International Nuclear Information System (INIS)

    Weide, J.A.M. van der; Pandey, M.D.; Noortwijk, J.M. van

    2010-01-01

    This paper presents methods to evaluate the reliability and optimize the maintenance of engineering systems that are damaged by shocks or transients arriving randomly in time and overall degradation is modeled as a cumulative stochastic point process. The paper presents a conceptually clear and comprehensive derivation of formulas for computing the discounted cost associated with a maintenance policy combining both condition-based and age-based criteria for preventive maintenance. The proposed discounted cost model provides a more realistic basis for optimizing the maintenance policies than those based on the asymptotic, non-discounted cost rate criterion.

  10. Steeper discounting of delayed rewards in schizophrenia but not first-degree relatives.

    Science.gov (United States)

    Yu, Linda Q; Lee, Sangil; Katchmar, Natalie; Satterthwaite, Theodore D; Kable, Joseph W; Wolf, Daniel H

    2017-06-01

    Excessive discounting of future rewards has been related to a variety of risky behaviors and adverse clinical conditions. Prior work examining delay discounting in schizophrenia suggests an elevated discount rate. However, it remains uncertain whether this reflects the disease process itself or an underlying genetic vulnerability, whether it is selective for delay discounting or reflects pervasive changes in decision-making, and whether it is driven by specific clinical dimensions such as cognitive impairment. Here we investigated delay discounting, as well as loss aversion and risk aversion, in three groups: schizophrenia (SZ), unaffected first-degree family members (FM), and controls without a family history of psychosis (NC). SZ had elevated discounting, without changes in loss aversion or risk aversion. Contrary to expectations, the FM group did not show an intermediate phenotype in discounting. Higher discount rates correlated with lower cognitive performance on verbal reasoning, but this did not explain elevated discount rates in SZ. Group differences were driven primarily by the non-smoking majority of the sample. This study provides further evidence for elevated discounting in schizophrenia, and demonstrates that steeper discounting is not necessarily associated with familial risk, cannot be wholly accounted for by cognitive deficits, and is not attributable to smoking-related impulsivity. Copyright © 2017 Elsevier Ireland Ltd. All rights reserved.

  11. Time discounting and protected-area priorities.

    Science.gov (United States)

    Armsworth, Paul R

    2018-05-08

    Should conservation organizations focus on protecting habitats that are at imminent risk of being converted but are expensive or more remote areas that are less immediately threatened but where a large amount of land can be set aside? Variants of this trade-off commonly arise in spatial planning. We examined this trade-off using models of land use change near a deforestation frontier. The optimal choice of where to protect was determined by how decisions taken today accounted for ecological benefits and economic costs of conservation actions that would occur sometime in the future. We used an ecological and economic discount rate to weight these benefits and costs. A large economic discount rate favored protecting more remote areas, whereas a large, positive ecological discount rate favored protecting habitat near the current deforestation frontier. We also showed how the decision over where to protect was impacted by the influence that economic factors had in determining landowners' decisions, the rate of technological change and ecological heterogeneity of the landscape. How benefits and costs through time are accounted for warrants careful consideration when specifying conservation objectives. It may provide a niche axis along which conservation organizations differentiate themselves when competing for donor funding or other support. This article is protected by copyright. All rights reserved. This article is protected by copyright. All rights reserved.

  12. Influence of refreshment/activation cycles and temperature rise on the reaction rate of sodium hypochlorite with bovine dentine during ultrasonic activated irrigation.

    Science.gov (United States)

    Macedo, R G; Verhaagen, B; Wesselink, P R; Versluis, M; van der Sluis, L W M

    2014-02-01

    To evaluate the effect of multiple refreshment/activation cycles and temperature on the reaction rate of sodium hypochlorite (NaOCl) with bovine dentine during ultrasonic activated irrigation (UAI) under laboratory conditions. The root canal walls of 24 standardized root canals in bovine incisors were exposed to a standardized volume of NaOCl at different temperatures (24 °C and 38 °C) and exposure times (20, 60 and 180 s). The irrigant was refreshed and ultrasonically activated four times for 20 s followed by a 40 s rest interval, with no refreshment and no activation as the controls. The reaction rate was determined by measuring the amount of active chlorine in the NaOCl solution before and after being exposed to dentine during the specific experimental conditions. Calorimetry was used to measure the electrical-to-sonochemical conversion efficiency during ultrasonic activation. Refreshment, activation and exposure time all increased the reaction rate of NaOCl (P reaction rate of NaOCl (P > 0.125). The reaction rate of NaOCl with dentine is enhanced by refreshment, ultrasonic activation and exposure time. Temperature rise of irrigant during ultrasonic activation was not sufficient to alter the reaction rate. © 2013 International Endodontic Journal. Published by John Wiley & Sons Ltd.

  13. A Job with a Future? Delay Discounting, Magnitude Effects, and Domain Independence of Utility for Career Decisions.

    Science.gov (United States)

    Schoenfelder, Thomas E.; Hantula, Donald A.

    2003-01-01

    Seniors (n=20) assessed two job offers with differences in domain (salary/tasks), delay (career-long earnings), and magnitude (initial salary offer). Contrary to discounted utility theory, choices reflected nonconstant discount rates for future salary/tasks (delay effect), lower discount rates for salary/preferred tasks (magnitude effect), and a…

  14. The effect of perfusion and irrigation flow rate variations on NaCl efflux from the isolated, perfused head of the marine teleost, Myoxocephalus octodecimspinosus

    International Nuclear Information System (INIS)

    Claiborne, J.B.; Evans, D.H.

    1981-01-01

    In vivo branchial blood pressure and unidirectional efflux values for NaCl were determined in the marine teleost, Myoxocephalus octodecimspinosus. Utilizing an isolated, perfused head preparation, perfused at in vivo pressure levels, NaCl efflux was measured and compared to in vivo values. The effect of variations in perfusion or irrigation rates on the ion efflux across the gills of the isolated head was also studied. The efflux of 22 Na from the isolated, perfused head was found to be similar to in vivo values and dependent on perfusion flow and pressure. In vitro 36 Cl efflux was lower than the efflux from intact animals and was determined to be flow/pressure independent. Irrigation rate changes at all rates tested did not affect the unidirectional efflux of either ion. (Auth.)

  15. Effect of perfusion and irrigation flow rate variations on NaCl efflux from the isolated, perfused head of the marine teleost, Myoxocephalus octodecimspinosus

    Energy Technology Data Exchange (ETDEWEB)

    Claiborne, J.B. (Miami Univ., Coral Gables, FL (USA)); Evans, D.H. (Mt. Desert Island Biological Laboratory, Salsbury Cove, ME, USA)

    1981-06-01

    In vivo branchial blood pressure and unidirectional efflux values for NaCl were determined in the marine teleost, Myoxocephalus octodecimspinosus. Utilizing an isolated, perfused head preparation, perfused at in vivo pressure levels, NaCl efflux was measured and compared to in vivo values. The effect of variations in perfusion or irrigation rates on the ion efflux across the gills of the isolated head was also studied. The efflux of /sup 22/Na from the isolated, perfused head was found to be similar to in vivo values and dependent on perfusion flow and pressure. In vitro /sup 36/Cl efflux was lower than the efflux from intact animals and was determined to be flow/pressure independent. Irrigation rate changes at all rates tested did not affect the unidirectional efflux of either ion.

  16. Delay Discounting of Losses in Alcohol Use Disorders and Antisocial Psychopathology: Effects of a Working Memory Load.

    Science.gov (United States)

    Gerst, Kyle R; Gunn, Rachel L; Finn, Peter R

    2017-10-01

    Alcohol use disorders (AUDs) are associated with increased discounting of delayed rewards and reduced executive working memory (eWM) capacity. This association is amplified when comorbid with antisocial psychopathology (AP). Furthermore, recent studies suggest that reduced WM capacity is associated with disinhibited decisions reflected by increased impulsive decision making on the delay discounting of rewards task. While discounting of delayed rewards is well studied, the discounting of delayed losses has received significantly less experimental attention. The current study investigated (i) the rate of discounting of delayed losses in individuals with AUD only (n = 61), AUD with comorbid AP (n = 79) and healthy controls (n = 64); (ii) the relationship between eWM capacity and discounting of delayed losses; and (iii) the effect of a WM load on discounting of delayed losses. Discounting performance was assessed using a computerized discounting of delayed losses task. Results showed that the AUD-only and AUD-AP groups had higher rates of discounting of delayed losses and lower eWM capacity compared to the control groups. Lower individual eWM capacity was associated with increased discounting of delayed losses. However, WM load did not increase discounting rates overall. These results support the hypothesis that greater discounting of delayed losses is associated with AUD and comorbid AP problems and lower individual eWM capacity. Copyright © 2017 by the Research Society on Alcoholism.

  17. Synchronisation of customers’ orders using discounts

    DEFF Research Database (Denmark)

    Buhayenko, Viktoryia; van Eikenhorst, Erik

    2016-01-01

    Conventionally, price discounts are offered to enhance demand, for example to get rid of excess inventory. This paper, however, studies the possibility of using discounts in situations when total demand is non-sensitive to changes in prices. By introducing a discount in some periods, the supplier...... the supplier's profit a modification of the heuristic which differs in the discount approximation used is developed....

  18. Assessing delay discounting in mice

    OpenAIRE

    Mitchell, Suzanne H.

    2014-01-01

    Delay discounting (also intertemporal choice or impulsive choice) is the process by which delayed outcomes, such as delayed food delivery, are valued less than the same outcomes delivered immediately or with a shorter delay. This process is of interest because many psychopathologies, including substance dependence, pathological gambling, attention deficit hyperactivity disorder and conduct disorder, are characterized by heightened levels of delay discounting. Some of these disorders are herit...

  19. Is there time discounting for risk premium?

    Science.gov (United States)

    Shavit, Tal; Rosenboim, Mosi

    2015-03-01

    Individuals with a higher subjective discount rate concentrate more on the present and delay is more significant for them. However, when a risky asset is delayed, not only is the outcome delayed but also the risk. In this paper, we suggest a new, two-stage experimental method with real monetary incentives that allows us to distinguish between the effect of the risk and the effect of the time when pricing a risky asset. We show that when individuals have greater preference for the present, their risk aversion for a risky asset realized in the future decreases. We argue that the effect of the risk for future asset is lower for individuals with higher time preference because they discount not only the outcome but also the risks. © Society for the Experimental Analysis of Behavior.

  20. INFLUENCE OF DISCOUNT PRICE ANNOUNCEMENTS ON CONSUMER’S BEHAVIOR

    Directory of Open Access Journals (Sweden)

    Giuliana Isabella

    2012-10-01

    Full Text Available The theoretical framework that underpins this research study is based on the Prospect Theory formulated by Kahneman and Tversky, and Thaler´s Mental Accounting Theory. The research aims to evaluate the consumers’ behavior when different patterns of discount are offered (in percentage and absolute value and for larger and smaller discounts. Two experiments were conducted to explore these patterns of behavior and the results that were obtained supported the view that the framing effect was a common occurrence. The patterns of choice of individuals in a sample were found to be different due to changes in the ways discounts were offered. This can be explained by the various ways of presenting discount rates that had an impact on the influence of purchase intentions, recommendations and quality perception.

  1. Evaluation of the Increased Rates of Water Super Absorbent and Humic Acid Application under Deficit Irrigation Condition on Some Agroecological Characteristics of Zea Mays Using Response Surface Methodology

    Directory of Open Access Journals (Sweden)

    M Jahan

    2017-03-01

    . Despite of many researches on the effect of water super absorbent, humic acid and irrigation on different crops, information on simultaneous optimization of these factors for many crops is scarce, therefore, in this study optimum levels of water super absorbent, humic acid and irrigation in maize were determine. Materials and Methods In order to estimate the optimized application rates of water superabsorbent, humic acid and irrigation in cultivation of maize (Zea mays L., an experiment as Box-Behnken design using Response Surface Methodology, was conducted at Research Farm of Ferdowsi University of Mashhad, during 2013-14 growing season. The experimental treatments were designed considering of the high and the low levels of water superabsorbent (80 and 160 kg ha-1, humic acid (4 and 8 kg ha-1 and irrigation (200 and 400 m3 ha-1 in each irrigation using Minitab 17 statistical software, as the central point in every treatment replicated 3 times, so 15 treatment combinations were provided totally. Results and Discussion The results showed that linear effects of humic acid and irrigation and quadratic effects of superabsorbent and irrigation were significant on seed yield, as the highest grain yield obtained in treatments of 120 kg ha-1 super absorbent, 8 kg ha-1 humic acid and 300 m3 ha-1 irrigation. The middle level of humic acid (6 kg ha-1 led to the highest dry matter yield and increase of humic acid from 4 to 8 kg ha-1 improved grain protein by 7%. In economic scenario, using 126.06 kg ha-1 superabsorbent, 7.19 kg ha-1 humic acid and 347.47 m3 ha-1 irrigation, resulted in 26710 kg ha-1 grain yield. In eco-environmental scenario, using 123.63 kg ha-1 superabsorbent, 7.19 kg ha-1 humic acid and 323.23 m3 ha-1 irrigation, resulted in the highest grain yield (26309 kg ha-1 and the highest water use efficiency (5.23. It seems that application of 120 kg ha-1 water super absorbent increased grain yield by improving soil physical properties. Jahan et al., (2011 reported that

  2. Delay and probability discounting of sexual and monetary outcomes in individuals with cocaine use disorders and matched controls.

    Science.gov (United States)

    Johnson, Matthew W; Johnson, Patrick S; Herrmann, Evan S; Sweeney, Mary M

    2015-01-01

    Individuals with cocaine use disorders are disproportionately affected by HIV/AIDS, partly due to higher rates of unprotected sex. Recent research suggests delay discounting of condom use is a factor in sexual HIV risk. Delay discounting is a behavioral economic concept describing how delaying an event reduces that event's value or impact on behavior. Probability discounting is a related concept describing how the uncertainty of an event decreases its impact on behavior. Individuals with cocaine use disorders (n = 23) and matched non-cocaine-using controls (n = 24) were compared in decision-making tasks involving hypothetical outcomes: delay discounting of condom-protected sex (Sexual Delay Discounting Task), delay discounting of money, the effect of sexually transmitted infection (STI) risk on likelihood of condom use (Sexual Probability Discounting Task), and probability discounting of money. The Cocaine group discounted delayed condom-protected sex (i.e., were more likely to have unprotected sex vs. wait for a condom) significantly more than controls in two of four Sexual Delay Discounting Task partner conditions. The Cocaine group also discounted delayed money (i.e., preferred smaller immediate amounts over larger delayed amounts) significantly more than controls. In the Sexual Probability Discounting Task, both groups showed sensitivity to STI risk, however the groups did not differ. The Cocaine group did not consistently discount probabilistic money more or less than controls. Steeper discounting of delayed, but not probabilistic, sexual outcomes may contribute to greater rates of sexual HIV risk among individuals with cocaine use disorders. Probability discounting of sexual outcomes may contribute to risk of unprotected sex in both groups. Correlations showed sexual and monetary results were unrelated, for both delay and probability discounting. The results highlight the importance of studying specific behavioral processes (e.g., delay and probability

  3. Delay and probability discounting of sexual and monetary outcomes in individuals with cocaine use disorders and matched controls.

    Directory of Open Access Journals (Sweden)

    Matthew W Johnson

    Full Text Available Individuals with cocaine use disorders are disproportionately affected by HIV/AIDS, partly due to higher rates of unprotected sex. Recent research suggests delay discounting of condom use is a factor in sexual HIV risk. Delay discounting is a behavioral economic concept describing how delaying an event reduces that event's value or impact on behavior. Probability discounting is a related concept describing how the uncertainty of an event decreases its impact on behavior. Individuals with cocaine use disorders (n = 23 and matched non-cocaine-using controls (n = 24 were compared in decision-making tasks involving hypothetical outcomes: delay discounting of condom-protected sex (Sexual Delay Discounting Task, delay discounting of money, the effect of sexually transmitted infection (STI risk on likelihood of condom use (Sexual Probability Discounting Task, and probability discounting of money. The Cocaine group discounted delayed condom-protected sex (i.e., were more likely to have unprotected sex vs. wait for a condom significantly more than controls in two of four Sexual Delay Discounting Task partner conditions. The Cocaine group also discounted delayed money (i.e., preferred smaller immediate amounts over larger delayed amounts significantly more than controls. In the Sexual Probability Discounting Task, both groups showed sensitivity to STI risk, however the groups did not differ. The Cocaine group did not consistently discount probabilistic money more or less than controls. Steeper discounting of delayed, but not probabilistic, sexual outcomes may contribute to greater rates of sexual HIV risk among individuals with cocaine use disorders. Probability discounting of sexual outcomes may contribute to risk of unprotected sex in both groups. Correlations showed sexual and monetary results were unrelated, for both delay and probability discounting. The results highlight the importance of studying specific behavioral processes (e.g., delay and

  4. Testing the Reliability of Delay Discounting of Ten Commodities Using the Fill-in-the-Blank Method

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

    2011-01-01

    Several measures of delay discounting have been shown to be reliable over periods of up to 3 months. In the present study, 115 participants completed a fill-in-the-blank (FITB) delay-discounting task on sets of 5 different commodities, 12 weeks apart. Results showed that discounting rates were not well described by a hyperbolic function but were…

  5. Tomato nitrogen accumulation and fertilizer use efficiency on a sandy soil, as affected by nitrogen rate and irrigation scheduling

    NARCIS (Netherlands)

    Zotarelli, L.; Dukes, M.D.; Scholberg, J.M.S.; Munoz-Carpena, R.; Icerman, J.

    2009-01-01

    Tomato production systems in Florida are typically intensively managed with high inputs of fertilizer and irrigation and on sandy soils with low inherent water and nutrient retention capacities; potential nutrient leaching losses undermine the sustainability of such systems. The objectives of this

  6. Changing delay discounting in the light of the competing neurobehavioral decision systems theory: a review.

    Science.gov (United States)

    Koffarnus, Mikhail N; Jarmolowicz, David P; Mueller, E Terry; Bickel, Warren K

    2013-01-01

    Excessively devaluing delayed reinforcers co-occurs with a wide variety of clinical conditions such as drug dependence, obesity, and excessive gambling. If excessive delay discounting is a trans-disease process that underlies the choice behavior leading to these and other negative health conditions, efforts to change an individual's discount rate are arguably important. Although discount rate is often regarded as a relatively stable trait, descriptions of interventions and environmental manipulations that successfully alter discount rate have begun to appear in the literature. In this review, we compare published examples of procedures that change discount rate and classify them into categories of procedures, including therapeutic interventions, direct manipulation of the executive decision-making system, framing effects, physiological state effects, and acute drug effects. These changes in discount rate are interpreted from the perspective of the competing neurobehavioral decision systems theory, which describes a combination of neurological and behavioral processes that account for delay discounting. We also suggest future directions that researchers could take to identify the mechanistic processes that allow for changes in discount rate and to test whether the competing neurobehavioral decision systems view of delay discounting is correct. © Society for the Experimental Analysis of Behavior.

  7. Effects of Irrigation and Nitrogen Application Rates on Yield and Yield Components of Corn, Sesame and Sugar beet in Mashhad Climatic Condition

    Directory of Open Access Journals (Sweden)

    R Heydari Pour

    2015-07-01

    Full Text Available In many crops, incorrect management of nitrogen and water is one of the most important factors in the resources productivity such as water and nitrogen. In order to evaluate the effects of different nitrogen levels (zero, 50, 100 and 150 kg ha-1 and irrigation application rates (100, 75 and 50% of water requirement per species on corn, sesame and sugar beet, three separate experiments was conducted in Agricultural Research Station of Ferdowsi University of Mashhad, Iran, in 2009-2010 growing season. Three separate experiments were arranged by strip plots in randomized complete block design, with three replications. The results showed that effect of irrigation application rates on biological yield and grain number per ear and interaction effects of water × nitrogen on plant height, 100 grain weight and grain yield of corn was significant. With decreasing irrigation over 25 % water requirements, the highest grain yield (4.93 ton ha-1 in corn observed by applying nitrogen equal to 50 kg.ha-1. In addition, the highest maize yield (9.41 ton.ha-1 in mentioned was obtained by supplying 100 % water requirements. Effects of Irrigation levels on plant height and the interaction effects of water × nitrogen on 1000 grain weight in sesame was significant. Under no water stress, the highest grain yield (1.22 ton ha-1 in sesame was obtained with applying 50kg nitrogen per ha. With supplying 75% water requirements plus 50 kg nitrogen per hactar, maximum yield of sesame (820 kg ha-1 was obtained. Results of this study indicated that interaction between studied factors had insignificant effect on economic and biological yield in sugar beet. With supplying 25% water requirements plus 50 kg nitrogen per ha, maximum yield of sugar beet (58.37 ton ha-1 was achieved. It seems that suitable nitrogen management can be considered as approach in optimize the water consuming.

  8. Effect of Digestate and Biochar Amendments on Photosynthesis Rate, Growth Parameters, Water Use Efficiency and Yield of Chinese Melon (Cucumis melo L. under Saline Irrigation

    Directory of Open Access Journals (Sweden)

    Mohammed M. A. Elbashier

    2018-02-01

    Full Text Available Despite the recent interest in biochar and digestate as soil amendments for improving soil quality and increasing crop production, there is inadequate knowledge of the effect of the combination of biochar and digestate, particularly under saline irrigation conditions. A pot experiment with Chinese melon was conducted in a greenhouse, biochar (5% and digestate (500 mL/pot were used with and without the recommended mineral NPK (Nitrogen, Phosphorus and Potassium fertilizer dose (120-150-150 Kg ha−1. The plants were irrigated with tap water (SL0 and 2 dS/m (SL1 NaCl solution. The growth, photosynthesis rate, water use efficiency (WUE and yield of Chinese melon were affected positively when biochar was combined with digestate amendment, particularly under saline irrigation water with and without mineral NPK fertilizer. The maximum yield under normal water was obtained by digestate (SL0: 218.87 t ha−1 and biochar amendment combined with digestate (SL1: 118.8 t ha−1 under saline water. The maximum WUE values were noticed with the biochar and digestate combination under all water treatments (SL0: 32.2 t ha−1 mm−1 and SL1: 19.6 t ha−1 mm−1. It was concluded that digestate alone was more effective than the use of biochar, particularly with normal water. The combination of biochar with digestate had a significant effect on the Chinese melon growth, photosynthesis rate, water use efficiency and yield under saline irrigation, and it can be used as an alternative fertilizer for mineral NPK fertilizer.

  9. The neural basis of cultural differences in delay discounting.

    Science.gov (United States)

    Kim, Bokyung; Sung, Young Shin; McClure, Samuel M

    2012-03-05

    People generally prefer to receive rewarding outcomes sooner rather than later. Such preferences result from delay discounting, or the process by which outcomes are devalued for the expected delay until their receipt. We investigated cultural differences in delay discounting by contrasting behaviour and brain activity in separate cohorts of Western (American) and Eastern (Korean) subjects. Consistent with previous reports, we find a dramatic difference in discounting behaviour, with Americans displaying much greater present bias and elevated discount rates. Recent neuroimaging findings suggest that differences in discounting may arise from differential involvement of either brain reward areas or regions in the prefrontal and parietal cortices associated with cognitive control. We find that the ventral striatum is more greatly recruited in Americans relative to Koreans when discounting future rewards, but there is no difference in prefrontal or parietal activity. This suggests that a cultural difference in emotional responsivity underlies the observed behavioural effect. We discuss the implications of this research for strategic interrelations between Easterners and Westerners.

  10. Does temporal discounting explain unhealthy behavior? A systematic review and reinforcement learning perspective

    Science.gov (United States)

    Story, Giles W.; Vlaev, Ivo; Seymour, Ben; Darzi, Ara; Dolan, Raymond J.

    2014-01-01

    The tendency to make unhealthy choices is hypothesized to be related to an individual's temporal discount rate, the theoretical rate at which they devalue delayed rewards. Furthermore, a particular form of temporal discounting, hyperbolic discounting, has been proposed to explain why unhealthy behavior can occur despite healthy intentions. We examine these two hypotheses in turn. We first systematically review studies which investigate whether discount rates can predict unhealthy behavior. These studies reveal that high discount rates for money (and in some instances food or drug rewards) are associated with several unhealthy behaviors and markers of health status, establishing discounting as a promising predictive measure. We secondly examine whether intention-incongruent unhealthy actions are consistent with hyperbolic discounting. We conclude that intention-incongruent actions are often triggered by environmental cues or changes in motivational state, whose effects are not parameterized by hyperbolic discounting. We propose a framework for understanding these state-based effects in terms of the interplay of two distinct reinforcement learning mechanisms: a “model-based” (or goal-directed) system and a “model-free” (or habitual) system. Under this framework, while discounting of delayed health may contribute to the initiation of unhealthy behavior, with repetition, many unhealthy behaviors become habitual; if health goals then change, habitual behavior can still arise in response to environmental cues. We propose that the burgeoning development of computational models of these processes will permit further identification of health decision-making phenotypes. PMID:24659960

  11. OPPORTUNITY COSTS OF REWARD DELAYS AND THE DISCOUNTING OF HYPOTHETICAL MONEY AND CIGARETTES

    Science.gov (United States)

    Johnson, Patrick S.; Herrmann, Evan S.; Johnson, Matthew W.

    2015-01-01

    Humans are reported to discount delayed rewards at lower rates than nonhumans. However, nonhumans are studied in tasks that restrict reinforcement during delays, whereas humans are typically studied in tasks that do not restrict reinforcement during delays. In nonhuman tasks, the opportunity cost of restricted reinforcement during delays may increase delay discounting rates. The present within-subjects study used online crowdsourcing (Amazon Mechanical Turk, or MTurk) to assess the discounting of hypothetical delayed money (and cigarettes in smokers) under four hypothetical framing conditions differing in the availability of reinforcement during delays. At one extreme, participants were free to leave their computer without returning, and engage in any behavior during reward delays (modeling typical human tasks). At the opposite extreme, participants were required to stay at their computer and engage in little other behavior during reward delays (modeling typical nonhuman tasks). Discounting rates increased as an orderly function of opportunity cost. Results also indicated predominantly hyperbolic discounting, the “magnitude effect,” steeper discounting of cigarettes than money, and positive correlations between discounting rates of these commodities. This is the first study to test the effects of opportunity costs on discounting, and suggests that procedural differences may partially account for observed species differences in discounting. PMID:25388973

  12. Cocaine dependent individuals discount future rewards more than future losses for both cocaine and monetary outcomes.

    Science.gov (United States)

    Johnson, Matthew W; Bruner, Natalie R; Johnson, Patrick S

    2015-01-01

    Cocaine dependence and other forms of drug dependence are associated with steeper devaluation of future outcomes (delay discounting). Although studies in this domain have typically assessed choices between monetary gains (e.g., receive less money now versus receive more money after a delay), delay discounting is also applicable to decisions involving losses (e.g., small loss now versus larger delayed loss), with gains typically discounted more than losses (the "sign effect"). It is also known that drugs are discounted more than equivalently valued money. In the context of drug dependence, however, relatively little is known about the discounting of delayed monetary and drug losses and the presence of the sign effect. In this within-subject, laboratory study, delay discounting for gains and losses was assessed for cocaine and money outcomes in cocaine-dependent individuals (n=89). Both cocaine and monetary gains were discounted at significantly greater rates than cocaine and monetary losses, respectively (i.e., the sign effect). Cocaine gains were discounted significantly more than monetary gains, but cocaine and monetary losses were discounted similarly. Results suggest that cocaine is discounted by cocaine-dependent individuals in a systematic manner similar to other rewards. Because the sign effect was shown for both cocaine and money, delayed aversive outcomes may generally have greater impact than delayed rewards in shaping present behavior in this population. Copyright © 2014. Published by Elsevier Ltd.

  13. Discounting and the social cost of carbon: A closer look at uncertainty

    NARCIS (Netherlands)

    Guo, J.K.; Hepburn, C.; Tol, R.S.J.; Anthoff, D.

    2006-01-01

    Recently, in the economics literature, several papers have put forward arguments for using a declining discount rate in social-cost benefit analysis. This paper examines the impact of employing a declining discount rate on the social cost of carbon-the marginal social damage from a ton of emitted

  14. Decision processes in choice overload: a product of delay and probability discounting?

    Science.gov (United States)

    Kaplan, Brent A; Reed, Derek D

    2013-07-01

    Recent research in the behavioral decision making literature has demonstrated that humans hyperbolically discount the subjective value of options as the number of options increases (Reed et al., 2012). These findings provide a cognitive-behavioral synthesis of the "choice overload" phenomenon, also known as the "paradox of choice." Specifically, these findings suggest that temporal discounting may serve as the underlying process contributing to this effect. As an extension, this study examined the effects of reward magnitude sizes had on rates temporal and options discounting. This manipulation was conducted to determine what role temporal discounting plays in discounting of options. The present results suggest that temporal discounting may not be the only process contributing to the choice overload effect. Copyright © 2013 Elsevier B.V. All rights reserved.

  15. Discounting with Imperfect Collateral

    OpenAIRE

    Lou, Wujiang

    2017-01-01

    Cash collateral is perfect in that it provides simultaneous counterparty credit risk protection and derivatives funding. Securities are imperfect collateral, because of collateral segregation or differences in CSA haircuts and repo haircuts. Moreover, the collateral rate term structure is not observable in the repo market, for derivatives netting sets are perpetual while repo tenors are typically in months. This article synthesizes these effects into a derivative financing rate that replaces ...

  16. Time-discounting and tobacco smoking: a systematic review and network analysis.

    Science.gov (United States)

    Barlow, Pepita; McKee, Martin; Reeves, Aaron; Galea, Gauden; Stuckler, David

    2017-06-01

    Tobacco smoking harms health, so why do people smoke and fail to quit? An explanation originating in behavioural economics suggests a role for time-discounting, which describes how the value of a reward, such as better health, decreases with delay to its receipt. A large number of studies test the relationship of time-discounting with tobacco outcomes but the temporal pattern of this relationship and its variation according to measurement methods remain unclear. We review the association between time-discounting and smoking across (i) the life course, from initiation to cessation, and (ii) diverse discount measures. We identified 69 relevant studies in Web of Science and PubMed. We synthesized findings across methodologies and evaluated discount measures, study quality and cross-disciplinary fertilization. In 44 out of 54 studies, smokers more greatly discounted the future than non-smokers and, in longitudinal studies, higher discounting predicted future smoking. Smokers with lower time-discount rates achieved higher quit rates. Findings were consistent across studies measuring discount rates using hypothetical monetary or cigarette reward scenarios. The methodological quality of the majority of studies was rated as 'moderate' and co-citation analysis revealed an isolation of economics journals and a dearth of studies in public health. There is moderate yet consistent evidence that high time-discounting is a risk factor for smoking and unsuccessful cessation. Policy scenarios assuming a flat rate of population discounting may inadequately capture smokers' perceptions of costs and benefits. © The Author 2016; Published by Oxford University Press on behalf of the International Epidemiological Association

  17. Yield, nitrogen uptake and nitrogen use efficiency by tomato, pepper, cucumber, melon and eggplant as affected by nitrogen rates applied with drip-irrigation under greenhouse conditions

    International Nuclear Information System (INIS)

    Halitligil, M.B.; Akin, A.I.; Kislal, H.; Ozturk, A.; Deviren, A.

    2002-01-01

    A number of experiments were conducted to investigate the influence of different N rates applied through drip irrigation on the growth and N uptake by tomato, pepper, cucumber, melon and eggplant under greenhouse conditions. It was found that, for tomato, the % NUE was significantly increased by applying the N fertilizer through fertigation (53.9%) as compared to the soil application (34.0%) at 100 mg N/L. In general, any further increase of N fertilizer did not have an improving effect on the tomato yield. With pepper, the % NUE was significantly increased by applying the N fertilizer in the irrigation water (49.2%) as compared to the soil application (33.9%) at the same N level (140 mg N/L), being the optimum N rate under our greenhouse conditions. At a fertilization level of 100 mg N/L with fertigation, the % NUE was significantly increased as compared to the soil application. With respectively cucumber, melon and eggplant; the % NUE with fertigation was 63.4, 21.4 and 50.8%, while with soil application it was 34,0 11.0 and 18.8%. (author)

  18. Delay discounting of food by rhesus monkeys: Cocaine and food choice in isomorphic and allomorphic situations.

    Science.gov (United States)

    Huskinson, Sally L; Woolverton, William L; Green, Leonard; Myerson, Joel; Freeman, Kevin B

    2015-06-01

    Research on delay discounting has focused largely on nondrug reinforcers in an isomorphic context in which choice is between alternatives that involve the same type of reinforcer. Less often, delay discounting has been studied with drug reinforcers in a more ecologically valid allomorphic context where choice is between alternatives involving different types of reinforcers. The present experiment is the first to examine discounting of drug and nondrug reinforcers in both isomorphic and allomorphic situations using a theoretical model (i.e., the hyperbolic discounting function) that allows for comparisons of discounting rates between reinforcer types and amounts. The goal of the current experiment was to examine discounting of a delayed, nondrug reinforcer (food) by male rhesus monkeys when the immediate alternative was either food (isomorphic situation) or cocaine (allomorphic situation). In addition, we sought to determine whether there was a magnitude effect with delayed food in the allomorphic situation. Choice of immediate food and immediate cocaine increased with amount and dose, respectively. Choice functions for immediate food and cocaine generally shifted leftward as delay increased. Compared to isomorphic situations in which food was the immediate alternative, delayed food was discounted more steeply in allomorphic situations where cocaine was the immediate alternative. Notably, discounting was not affected by the magnitude of the delayed reinforcer. These data indicate that how steeply a delayed nondrug reinforcer is discounted may depend more on the qualitative characteristics of the immediate reinforcer and less on the magnitude of the delayed one. (c) 2015 APA, all rights reserved).

  19. Examining weight concern and delay discounting in adolescent females.

    Science.gov (United States)

    Thamotharan, Sneha; Lange, Krista; Ramos, Ashley; Fields, Sherecce

    2016-04-01

    Pediatric obesity is a growing public health concern that contributes to high rates of negative long-term physical and mental health outcomes. Research focused on identifying risk for pediatric obesity has linked delay discounting, or an inclination for immediate rewards, as well as weight concern to individuals with greater Body Mass Index (BMI). The current study seeks to fill a void in the literature by examining how these two variables interact to promote higher BMI in female adolescents. Adolescent (n=60) females between the ages of 13-19years (mage=17.45, SD=1.74) of age completed the Eating Disorder Examination Questionnaire (EDE-Q) and the Delay Discounting Questionnaire. A mediation model examined whether delay discounting accounted for the relationship between weight concern and BMI. Results indicate that in the current study weight concern was negatively related to delay discounting and delay discounting was negatively related to BMI. The overall model revealed that a partial mediation occurred [b=1.28, t(60)=4.92, pconcerns contribute to greater BMI. Nevertheless, the results indicate that prevention and interventions should identify females with high levels of both weight concern and impulsivity as an increased risk for experiencing pediatric obesity and long-term negative health outcomes. Copyright © 2016 Elsevier Ltd. All rights reserved.

  20. The Effects of Source and Rate of Nitrogen Fertilizer and Irrigation on Nitrogen Uptake of Silage Corn and Residual Soil Nitrate

    Directory of Open Access Journals (Sweden)

    M. A. Khodshenas

    2016-09-01

    Full Text Available Introduction: Growing irrigation demand for corn production, along side with draws of ground water from stressed water sources, should be limited due to scarce resources and environmental protection aspects. Nitrogen fertilizer applied at rates higher than the optimum requirement for crop production may cause an increase in nitrate accumulation below the root zone and pose a risk of nitrate leaching. Improving nitrogen management for corn production has a close relation with soil water content. In this study, we investigated the effects of source and rate of nitrogen fertilizer and irrigation on silage corn production and nitrogen concentration, nitrogen uptake and residual soil nitrate in two depths. Materials and Methods: This experiment carried out as split spli- plot in a Randomized Complete Block design (RCBD with three replications, in Arak station (Agricultural research center of markazi province, 34.12 N, 49.7 E; 1715 m above mean sea level during three years. The soil on the site was classified as a Calcaric Regosols (loamy skeletal over fragmental, carbonatic, thermic, calcixerollic xerochrepts. Main plots were irrigation treatments based on 70, 100 and 130 mm cumulative evaporation from A class Pan. Sub plots were two kinds of nitrogen fertilizers (Urea and Ammonium nitrate and sub sub-plots were five levels of nitrogen rates (0, 100, 200, 300 and 400 kgN.ha-1. Nitrogen fertilizer rates were split into three applications: 1/3 was applied at planting, 1/3 at 7-9 leaf stage and 1/3 remainder was applied before tasseling as a banding method. Phosphorus was applied at a rate of 150 kg.ha-1in each season and potassium at a rate of 30kg.ha-1 (only in first growth season based on soil testing as triple super phosphate and potassium sulfate, respectively. The corn variety of single cross 704 was planted at 20 m2 plots. The plants were sampled at dough stage from the two rows and weighted in each plot. Plant samples were dried in a forced air

  1. Secretary Problems: Weights and Discounts

    OpenAIRE

    Babaioff, M.; Dinitz, M.; Gupta, A.; Immorlica, Nicole Simone; Talwar, K.

    2009-01-01

    textabstractThe classical secretary problem studies the problem of selecting online an element (a “secretary”) with maximum value in a randomly ordered sequence. The difficulty lies in the fact that an element must be either selected or discarded upon its arrival, and this decision is irrevocable. Constant-competitive algorithms are known for the classical secretary problems and several variants. We study the following two extensions of the secretary problem: In the discounted secretary probl...

  2. Dynamical instabilities in a simple minority game with discounting

    International Nuclear Information System (INIS)

    Challet, D; De Martino, A; Marsili, M

    2008-01-01

    We explore the effect of discounting and experimentation in a simple model of interacting adaptive agents. Agents belong to either of two types and each has to decide whether to participate in a game or not, the game being profitable when there is an excess of players of the other type. We find the emergence of large fluctuations as a result of the onset of a dynamical instability which may arise discontinuously (increasing the discount factor) or continuously (decreasing the experimentation rate). The phase diagram is characterized in detail and noise amplification close to a bifurcation point is identified as the physical mechanism behind the instability. (letter)

  3. Comparative efficiency of trickle and furrow irrigation

    International Nuclear Information System (INIS)

    Hanif, M.; Qureshi, R.H.; Sandhu, G.R.

    1976-01-01

    Comparison of furrow and trickle methods of irrigation to know their relative efficiency with respect to water applied and fertilizer used on tomatoes, cauliflower and lettuce as test crops using canal water, showed a significant saving of about 44 and 41 per cent respectively for irrigation water and fertilizer applied with trickle as compared to furrow irrigation. Trickle irrigated crops also showed a better response as regards the rate of survival, crop growth and time of maturity

  4. Temporal discounting across three psychiatric disorders: Anorexia nervosa, obsessive compulsive disorder, and social anxiety disorder

    Science.gov (United States)

    Steinglass, Joanna E.; Lempert, Karolina M.; Choo, Tse-Hwei; Kimeldorf, Marcia B.; Wall, Melanie; Walsh, B. Timothy; Fyer, Abby J.; Schneier, Franklin R.; Simpson, H. Blair

    2018-01-01

    Background Temporal discounting refers to the tendency for rewards to lose value as the expected delay to receipt increases. Individuals with anorexia nervosa (AN) have been found to show reduced temporal discounting rates, indicating a greater preference for delayed rewards compared to healthy peers. Obsessive–compulsive disorder (OCD) and social anxiety disorder (SAD) commonly co-occur with AN, and anxiety has been related to development and prognosis of AN. We examined whether reduced temporal discounting is present across these potentially related disorders, and explored the relationship between temporal discounting and anxiety trans-diagnostically. Methods One hundred ninety six individuals (75 healthy controls (HC); 50 OCD; 27 AN; 44 SAD) completed two temporal discounting tasks in which they chose between smaller-sooner and larger-later monetary rewards. Two measures of discounting—discount rate and discount factor—were compared between diagnostic groups, and associations with anxious traits were examined. Results Individuals with AN showed decreased temporal discounting compared to HC. OCD and SAD groups did not differ significantly from HC. Across the sample, anxiety was associated with decreased discounting; more anxious individuals showed a greater preference for delayed reward. Conclusions We replicated the findings that individuals with AN show an increased preference for delayed reward relative to HC and that individuals with OCD do not differ from HC. We also showed that individuals with SAD do not differ from HC in discounting. Across this large sample, two measures of anxious temperament were associated with temporal discounting. These data raise new questions about the relationship between this dimensional trait and psychopathology. PMID:28009473

  5. Maximizing the model for Discounted Stream of Utility from ...

    African Journals Online (AJOL)

    Osagiede et al. (2009) considered an analytic model for maximizing discounted stream of utility from consumption when the rate of production is linear. A solution was provided to a level where methods of solving order differential equations will be applied, but they left off there, as a result of the mathematical complexity ...

  6. Neural congruence between intertemporal and interpersonal self-control: Evidence from delay and social discounting.

    Science.gov (United States)

    Hill, Paul F; Yi, Richard; Spreng, R Nathan; Diana, Rachel A

    2017-11-15

    Behavioral studies using delay and social discounting as indices of self-control and altruism, respectively, have revealed functional similarities between farsighted and social decisions. However, neural evidence for this functional link is lacking. Twenty-five young adults completed a delay and social discounting task during fMRI scanning. A spatiotemporal partial least squares analysis revealed that both forms of discounting were well characterized by a pattern of brain activity in areas comprising frontoparietal control, default, and mesolimbic reward networks. Both forms of discounting appear to draw on common neurocognitive mechanisms, regardless of whether choices involve intertemporal or interpersonal outcomes. We also observed neural profiles differentiating between high and low discounters. High discounters were well characterized by increased medial temporal lobe and limbic activity. In contrast, low discount rates were associated with activity in the medial prefrontal cortex and right temporoparietal junction. This pattern may reflect biological mechanisms underlying behavioral heterogeneity in discount rates. Copyright © 2017 Elsevier Inc. All rights reserved.

  7. Global warming: discounting is not the issue, but substitutability is

    International Nuclear Information System (INIS)

    Neumayer, E.

    1999-01-01

    The cost-benefit study of Nordhaus (1994) is representative for the neoclassical approach towards global warming. Nordhaus found that no substantial emission cuts are warranted. Most of his critics have concentrated on the issue of discounting and demanded that a lower discount rate should be applied. These criticisms first miss the point and second lead to ethically dubious, inconsistent conclusions and inefficient policy choices. They miss the point because the real problem of Nordhaus's methodology is his implicit underlying assumption of perfect substitutability between natural and other forms of capital. Given the validity of this assumption, lowering the rate of discount is inconsistent with current savings behaviour, is ethically dubious because future generations will be much richer than the current one anyway, and is inefficient because scarce financial resources are channelled into emissions abatement that exhibits rates of return far inferior to alternative public investments. Any call for aggressive emission abatement must therefore directly attack the perfect substitutability assumption of neoclassical economics. The real disagreement is about whether consumption growth can compensate for environmental degradation caused by global warming. Discounting is not the issue, but substitutability is. (author)

  8. Local irrigation of the surgical field with antibiotics in the end of procedure reduces the infection rate in herniated lumbar disc surgery.

    Science.gov (United States)

    Kërveshi, Armend; Halili, Nehat; Kastrati, Bujar; Qosja, Faik; Kabashi, Serbeze; Muçaj, Sefedin

    2014-12-01

    Reported rate of infections after lumbar discectomy is 1%-15 %. This complication may result in disability or even the death. The aim of the study is to assess the rate of infection associated with lumbar discectomies when combined systemic and local antibiotic prophylaxis was employed. In this retrospective study we analyzed all patients operated for herniated lumbar disc from 2009 -2012 in our institute. Beside of receiving systemic prophylaxis with 2g of Cefazoline, all patients had their operative field irrigated at the end of operation with Amikacin sulfate injection. Wound was considered infected when local and systemic signs of infection were revealed and were associated with elevated ESR, leukocytosis and elevated CRP. Assessment of infection is done by neurosurgeon during the hospitalization and later at outpatient's clinic along postoperative course of three months. A total of 604 patients were operated, of those 285 patients (47.2 %) females and 319 males (52.8 %), 12 patients were operated on two levels (1.98 %). Average patient age was 32.5 years (range 20-65 years) Localization of herniated disc was: in L/2-L/3 20 patients or 3.3 %, the L/3-L/4 level 42 patients or 7 % , the L/4 -L /5 262 patients or 43.3 % at the level L/V- S/1 280 patients or 46.3 %. Three patients (0.49%) developed wound infection, two of them superficial infection only with local signs: local pain, redness and leakage. They were treated with oral antibiotics. One with deep wound infection. He presented with local and systemic signs and treated with i.v antibiotics. All the cultures from wound swab revealed staphylococcus aureus. Prophylaxis with systemic antibiotic (Cefazoline 2.0) intravenous administration 30 minutes before the incision and irrigation of operative field with local antibiotic Amikacine sulfate at the end of procedure reduces the infection rate in patients operated for herniated lumbar disc when compared with systemic antibiotic prophylaxis only.

  9. Food security, irrigation, climate change, and water scarcity in India

    Science.gov (United States)

    Hertel, T. W.; Taheripour, F.; Gopalakrishnan, B. N.; Sahin, S.; Escurra, J.

    2015-12-01

    This paper uses an advanced CGE model (Taheripour et al., 2013) coupled with hydrological projections of future water scarcity and biophysical data on likely crop yields under climate change to examine how water scarcity, climate change, and trade jointly alter land use changes across the Indian subcontinent. Climate shocks to rainfed and irrigated yields in 2030 are based on the p-DSSAT crop model, RCP 2.6, as reported under the AgMIP project (Rosenzweig et al., 2013), accessed through GEOSHARE (Villoria et al, 2014). Results show that, when water scarcity is ignored, irrigated areas grow in the wake of climate change as the returns to irrigation rise faster than for rainfed uses of land within a given agro-ecological zone. When non-agricultural competition for future water use, as well as anticipated supply side limitations are brought into play (Rosegrant et al., 2013), the opportunity cost of water rises across all river basins, with the increase ranging from 12% (Luni) to 44% (Brahmaputra). As a consequence, irrigated crop production is curtailed in most regions (Figure 1), with the largest reductions coming in the most water intensive crops, namely rice and wheat. By reducing irrigated area, which tends to have much higher yields, the combined effects of water scarcity and climate impacts require an increase in total cropped area, which rises by about 240,000 ha. The majority of this area expansion occurs in the Ganges, Indus, and Brahmari river basins. Overall crop output falls by about 2 billion, relative to the 2030 baseline, with imports rising by about 570 million. The combined effects of climate change and water scarcity for irrigation also have macro-economic consequences, resulting in a 0.28% reduction in GDP and an increase in the consumer price index by about 0.4% in 2030, compared the baseline. The national welfare impact on India amounts to roughly 3 billion (at 2007 prices) in 2030. Assuming a 3% social discount rate, the net present value of the

  10. The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors

    OpenAIRE

    John Y. Campbell; Robert J. Shiller

    1986-01-01

    A linearization of a rational expectations present value model for corporate stock prices produces a simple relation between the log dividend-price ratio and mathematical expectations of future log real dividend changes and future real discount rates. This relation can be tested using vector autoregressive methods. Three versions of the linearized model, differing in the measure of discount rates, are tested for U. S. time series 1871-1986: versions using real interest rate data, aggregate re...

  11. Low Discounting Behavior among Small-Scale Fishers in Fiji and Sabah, Malaysia

    Directory of Open Access Journals (Sweden)

    Louise S. L. Teh

    2011-06-01

    Full Text Available Understanding the socio-economic factors that are associated with fishers’ willingness to delay gratification may be useful for designing appropriate fisheries management and conservation policies. We aim to identify the predictors of low discounting behaviour among fishers, which is analogous to having a longer-term outlook. We base our empirical study on two small-scale tropical reef fisheries in Sabah, Malaysia, and Fiji. We use an experimental approach to identify fishers with low discount rates, and then use a logistic regression model to identify predictors of low discount rates. We find that 42% of the respondents have low discount rates, and that site and village level variables are significant predictors of low discount rates. Within Sabah and Fiji, boat ownership and relative catch differentiate low discounting from non-low discounting fishers, but these variables have contradictory effects in Sabah and Fiji. Overall, our results imply that a substantial proportion of reef fishers may be willing to engage in conservation initiatives; however, local socio-cultural, economic, and ecological conditions have to be considered first during the process of designing management interventions.

  12. Modeling irrigation behavior in groundwater systems

    Science.gov (United States)

    Foster, Timothy; Brozović, Nicholas; Butler, Adrian P.

    2014-08-01

    Integrated hydro-economic models have been widely applied to water management problems in regions of intensive groundwater-fed irrigation. However, policy interpretations may be limited as most existing models do not explicitly consider two important aspects of observed irrigation decision making, namely the limits on instantaneous irrigation rates imposed by well yield and the intraseasonal structure of irrigation planning. We develop a new modeling approach for determining irrigation demand that is based on observed farmer behavior and captures the impacts on production and water use of both well yield and climate. Through a case study of irrigated corn production in the Texas High Plains region of the United States we predict optimal irrigation strategies under variable levels of groundwater supply, and assess the limits of existing models for predicting land and groundwater use decisions by farmers. Our results show that irrigation behavior exhibits complex nonlinear responses to changes in groundwater availability. Declining well yields induce large reductions in the optimal size of irrigated area and irrigation use as constraints on instantaneous application rates limit the ability to maintain sufficient soil moisture to avoid negative impacts on crop yield. We demonstrate that this important behavioral response to limited groundwater availability is not captured by existing modeling approaches, which therefore may be unreliable predictors of irrigation demand, agricultural profitability, and resilience to climate change and aquifer depletion.

  13. Evaluation of Deep Discount Fare Strategies

    Science.gov (United States)

    1995-08-01

    This report evaluates the success of a fare pricing strategy known as deep discounting, that entails the bulk sale of transit tickets or tokens to customers at a significant discount compared to the full fare single ticket price. This market-driven s...

  14. Effect of seed rate on growth, yield components and yield of mash bean grown under irrigated conditions of arid uplands of Balochistan, Pakistan

    International Nuclear Information System (INIS)

    Aachakzai, A.K.K.; Taran, S.A.

    2011-01-01

    A field experiment was carried out to investigate the effects of six different seed rates viz., 15, 17.5, 20, 22.5, 25 and 27.5 kg ha/sup -1/ on the growth, yield and yield attributes of mash bean Vigna mungo (L.) Hepper). This study was conducted for two consecutive years at the Agriculture Research Institute (ARI) under the existing semi-arid climatic, edaphic and water conditions of Quetta, Balochistan. Results revealed that plant population, pods plant/sup -1/, grain yield plant/sup -1/ and grain yield ha/sup -1/ were significantly (p<0.05 influenced by varying seed rates. However, other mentioned growth and yield attributes did not respond significantly. Statistically and numerically a maximum yield plant/sup -1/ (20.98 g) and yield ha/sup -1/ (3120 kg) were obtained in applied seed at the rate of 20 kg ha/sup -1/. Whereas, the same was obtained for plant population and plant height in applied seed rate of 25 kg ha/sup -1/. However, maximum number of branches plant/sup -1/ (4.22) was received for applied seeds at the rate of 15 kg ha/sup -1/. Therefore, seed at the rate of 20 kg ha/sup -1/ seems optimum which could be due to the most desirable population or planting density in the existing environmental conditions of Quetta. Results further revealed that only plant population plot/sup -1/ (r=0.481), and yield plant/sup -1/ (r=0.569) were significantly and positively correlated with grain yield ha/sup -1/, while all other remaining growth and yield attributes exhibited insignificant association with grain yield ha/sup -1/. Hence these two parameters i.e., planting density and grain yield plant/sup -1/ should be given more consideration while deciding about selection criteria for mash bean under irrigated conditions of arid uplands of Balochistan. (author)

  15. Discounting of Condom-Protected Sex as a Measure of High Risk for Sexually Transmitted Infection Among College Students.

    Science.gov (United States)

    Collado, Anahí; Johnson, Patrick S; Loya, Jennifer M; Johnson, Matthew W; Yi, Richard

    2017-10-01

    The study examined sexual delay discounting, or the devaluation of condom-protected sex in the face of delay, as a risk factor for sexually transmitted infection (STI) among college students. Participants (143 females, 117 males) completed the sexual delay discounting task (Johnson & Bruner, 2012) and questionnaires of risky sexual behavior, risk perception, and knowledge. Participants exhibited steeper sexual delay discounting (above and beyond general likelihood of having unprotected sex) when partners were viewed as more desirable or less likely to have a STI, with males demonstrating greater sexual delay discounting than females across most conditions. Importantly, greater self-reported risky sexual behaviors were associated with higher rates of sexual delay discounting, but not with likelihood of using a condom in the absence of delay. These results provide support for considering sexual delay discounting, with particular emphasis on potential delays to condom use, as a risk factor for STI among college students.

  16. Exchanging the liquidity hypothesis: Delay discounting of money and self-relevant non-money rewards.

    Science.gov (United States)

    Stuppy-Sullivan, Allison M; Tormohlen, Kayla N; Yi, Richard

    2016-01-01

    Evidence that primary rewards (e.g., food and drugs of abuse) are discounted more than money is frequently attributed to money's high degree of liquidity, or exchangeability for many commodities. The present study provides some evidence against this liquidity hypothesis by contrasting delay discounting of monetary rewards (liquid) and non-monetary commodities (non-liquid) that are self-relevant and utility-matched. Ninety-seven (97) undergraduate students initially completed a conventional binary-choice delay discounting of money task. Participants returned one week later and completed a self-relevant commodity delay discounting task. Both conventional hypothesis testing and more-conservative tests of statistical equivalence revealed correspondence in rate of delay discounting of money and self-relevant commodities, and in one magnitude condition, less discounting for the latter. The present results indicate that liquidity of money cannot fully account for the lower rate of delay discounting compared to non-money rewards. Copyright © 2015 Elsevier B.V. All rights reserved.

  17. Trading Later Rewards for Current Pleasure: Pornography Consumption and Delay Discounting.

    Science.gov (United States)

    Negash, Sesen; Sheppard, Nicole Van Ness; Lambert, Nathaniel M; Fincham, Frank D

    2016-01-01

    Internet pornography is a multi-billion-dollar industry that has grown increasingly accessible. Delay discounting involves devaluing larger, later rewards in favor of smaller, more immediate rewards. The constant novelty and primacy of sexual stimuli as particularly strong natural rewards make Internet pornography a unique activator of the brain's reward system, thereby having implications for decision-making processes. Based on theoretical studies of evolutionary psychology and neuroeconomics, two studies tested the hypothesis that consuming Internet pornography would relate to higher rates of delay discounting. Study 1 used a longitudinal design. Participants completed a pornography use questionnaire and a delay discounting task at Time 1 and then again four weeks later. Participants reporting higher initial pornography use demonstrated a higher delay discounting rate at Time 2, controlling for initial delay discounting. Study 2 tested for causality with an experimental design. Participants were randomly assigned to abstain from either their favorite food or pornography for three weeks. Participants who abstained from pornography use demonstrated lower delay discounting than participants who abstained from their favorite food. The finding suggests that Internet pornography is a sexual reward that contributes to delay discounting differently than other natural rewards. Theoretical and clinical implications of these studies are highlighted.

  18. Effect of different phosphorus fertilizer rates on N-uptake, N-efficiency and zea maize yield in irrigated soils

    International Nuclear Information System (INIS)

    Khalifa, Kh.

    1993-01-01

    Effect of different rates of P fertilizer on N-uptake, N-efficiency and zea mays (C.V.Lg 11) were studied by use of 15 N technique. The main objectives of this study were to study effect of different level of P on N-utilization and determine the interaction between P and N on zea mays yield, and the efficiency of N-fertilizer during different stages of plant growth. The field experiment was conducted for two years 1985 and 1986. The treatments were 0, 80, 160 Kg N, as urea Co( 15 NH 2 ) 2 and 0, 40, 80, 160 Kg P 2 O 5 as triplsuperphophate. The experiment design was randomized block of four replicates for each treatment. Yield (grain and dry matter), utilization of urea, N-uptake, total N, N-yield, Ndff%, NDF% and A-values were determined. All results indicate that zea mays responds to the addition of nitrogen and the yield increases with the increase of added nitrogen. The highest yield was for N 2 (160 Kg) level during two seasons. Also zea mays responds clearly to phosphorus especially at stages 1 and 2, where dry matter yield increases with the increase of phosphorus rate. The highest yield was for P 3 (160 Kg) rate. While in grain stage the response was for rate P 1 (40 Kg) and P 2 (80 Kg) in comparison with control. However P 1 , rate was dominant over P 2 and P 3 . The effect of P 2 rate on grain yield was very little in comparison with P 1 , while P 3 decreases the grain yield during two seasons in comparison with control. There is an effect of N and P when added both or separately. There is also effect for interaction between them on the yield (grain and dry matter). Generally, from the previous data we can conclude that the rate 160 Kg N/ha and 40 Kg P 2 O 5 /ha were optimum rate for zea mays fertilization in Deir-Ezzor (Syria) and similar areas for grain yield. (author). 17 refs., 6 tabs

  19. Local land-atmosphere feedbacks limit irrigation demand

    Science.gov (United States)

    Decker, Mark; Ma, Shaoxiu; Pitman, Andy

    2017-05-01

    Irrigation is known to influence regional climate but most studies forecast and simulate irrigation with offline (i.e. land only) models. Using south eastern Australia as a test bed, we demonstrate that irrigation demand is fundamentally different between land only and land-atmosphere simulations. While irrigation only has a small impact on maximum temperature, the semi-arid environment experiences near surface moistening in coupled simulations over the irrigated regions, a feedback that is prevented in offline simulations. In land only simulations that neglect the local feedbacks, the simulated irrigation demand is 25% higher and the standard deviation of the mean irrigation rate is 60% smaller. These local-scale irrigation-driven feedbacks are not resolved in coarse-resolution climate models implying that use of these tools will overestimate irrigation demand. Future studies of irrigation demand must therefore account for the local land-atmosphere interactions by using coupled frameworks, at a spatial resolution that captures the key feedbacks.

  20. Future Discounting in Congo Basin Hunter-Gatherers Declines with Socio-Economic Transitions.

    Directory of Open Access Journals (Sweden)

    Gul Deniz Salali

    Full Text Available Humans have a tendency to discount the future; that is we value small, short-term rewards over larger, long-term rewards. The degree of future discounting, however, changes in response to socio-ecological factors. Here, we study Mbendjele BaYaka hunter-gatherers of northern Congo and their farmer neighbours to investigate adaptations in inter-temporal preferences in humans. We argue that in immediate-return systems, where food storage is absent and egalitarianism is enforced through levelling mechanisms, future discounting is an adaptive strategy to prevent wealth accumulation and the emergence of hierarchies. This ensures food sharing and allows for survival in unpredictable environments where there is risk of an energy shortfall. On the other hand, when food storage is made possible by the emergence of agriculture or as seen in some delayed-return hunter-gatherer populations, wealth accumulation, hierarchies and lower discount rates become the adaptive strategy. Therefore, individuals in immediate-return, egalitarian societies will discount the future more than those in non-egalitarian, delayed-return societies. Consistent with the predictions we found that market integration and socio-economic transitions decrease the future discounting in Mbendjele hunter-gatherers. Our measures of socio-economic differences marked this transition in hunter-gatherers living in a logging town. The degree of future-discounting was the same between more market-integrated hunter-gatherers and their farmer neighbours.

  1. Delay discounting, self-control, and substance use among adult drug court participants.

    Science.gov (United States)

    Jones, Craig G A; Fearnley, Helen; Panagiotopoulos, Barbara; Kemp, Richard I

    2015-08-01

    The current study examined the relationship between two measures of impulsiveness and the odds of substance use among a sample of participants on an Australian drug court (n=80). Participants completed a computer-based delay discounting task, a paper-based delay discounting task, and a questionnaire-based measure of self-control. The delay discounting tasks measured individual differences in the value attributed to distal outcomes, which is one aspect of impulsive behavior that has been found to be over-represented among illicit drug users. The relationship between the measures of impulsiveness and the odds of substance use was assessed by fitting longitudinal panel regression models with adjustment for informative treatment dropout. Consistent with previous research, drug court participants were found to have higher discount rates (i.e. were more impulsive) than a noncriminal population of university students (n=101). Drug court participants also discounted delayed gains more than delayed losses. Delay discounting was not significantly associated with the odds of substance use on the drug court program. There was a positive relationship between the survey-based measure of impulsivity and the mean substance use frequency. The authors conclude that impulsivity is correlated with substance use among drug court participants but not when measuring impulsivity using a delay discounting paradigm.

  2. Psychological aspects of nuclear waste disposal: Long time perception and the question of discounting of risks

    International Nuclear Information System (INIS)

    Karlsson, G.; Svenson, O.

    1988-01-01

    Subjects of different ages and basic training indicated how they perceived risks related to spent nuclear fuel storage and located at different points of time into the future. The results indicated that minorities in all groups, ranging from about 10 to 40%, did not want to discount risks into the future. Those who discounted exhibited great inter and intra group variability. The physical discounting curves for e.g. both total radiation and for Pu-239 and -240 are within the range of curves generated by the groups for subjective discounting of risk. Politicians and experts were attributed equal shares of responsibility for risks of spent nuclear fuel in the future. About 10% to 40% of the subjects did not wish to discount responsibility. Discounting rates for those discounting varied so that some subjects decreased the level of responsibility to less than half 10 000 years into the future while others attributed this level of responsibility for 100 000 years and more. (orig./HP)

  3. Condensation irrigation a system for desalination and irrigation

    International Nuclear Information System (INIS)

    Lindblom, J.; Nordell, B

    2006-01-01

    condensation irrigation is a system for both desalination and irrigation. The principles is that humidified air is let into an underground horizontal pipe system, where the air is cooled by the ground and humidity falls out as fresh water. The humidification could e.g. be achieved by evaporation of seawater in solar stills or any other heat source. By using drainage pipes for underground air transportation the water percolates into the soil, thereby irrigating the land. This study focuses on drinking water production, which means that humid air is led into plan pipes where the condensed water is collected at the pipe endings. Numerical simulations gave a study-state diurnal mean water production of 1.8 kg per meter of pipe over a 50 m pipe. Shorter pipes result in a greater mean production rate. Since the heat transfer of drainage pipes would be greater, current study indicates that condensation irrigation is a promising method for desalination and irrigation. Performed studies in condensation irrigation started at LTU in 2003. Current paper reports the initial theoretical work on the system.(Author)

  4. Irrigation and Autocracy

    DEFF Research Database (Denmark)

    Bentzen, Jeanet Sinding; Kaarsen, Nicolai; Wingender, Asger Moll

    We show that societies with a history of irrigation-based agriculture have been less likely to adopt democracy than societies with a history of rainfed agriculture. Rather than actual irrigation, the empirical analysis is based on how much irrigation potentially can increase yields.Irrigation pot...

  5. Time management problems and discounted utility.

    Science.gov (United States)

    König, Cornelius J; Kleinmann, Martin

    2007-05-01

    The lens of behavioral decision theory offers a new perspective for research on time management. The basic idea of this approach is that people discount future consequences of their time management decisions, meaning that they work on tasks with smaller but sooner outcomes rather than on tasks with larger but later outcomes. The authors performed 2 experimental studies to test whether people are sensitive to differences in the discounted utility of time management decisions. In Experiment 1, they used vignettes of typical time management situations; Experiment 2 was a laboratory simulation (an in-basket task that was part of a training assessment). Participants in both studies were German students. As expected, manipulating the discounted utility of options resulted in different time management decisions. In Experiment 1, reactions to time management situations were judged as less likely if the reactions had lower discounted utilities. In Experiment 2, people spent less time on an interruption.

  6. 7 CFR 1786.153 - Discounted present value.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Discounted present value. 1786.153 Section 1786.153... Discounted Prepayments on RUS Electric Loans § 1786.153 Discounted present value. (a) The discounted present value shall be calculated by summing the present values of all remaining payments on all Qualified Notes...

  7. 7 CFR 1786.53 - Discounted present value.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Discounted present value. 1786.53 Section 1786.53... Special Discounted Prepayments on RUS Direct/Insured Loans § 1786.53 Discounted present value. The Discounted Present Value shall be calculated five business days before prepayment is made by summing the...

  8. TD Waterhouse discount brokerage: a competitive strategy

    OpenAIRE

    Dangerfield, Catherine

    2007-01-01

    This paper provides a strategic analysis of TD Waterhouse (TDW), the discount brokerage provider within TD Bank Financial Group (TDBFG). Discount brokerage in Canada is an increasingly lucrative industry and contributes significantly to the bottom lines of every major financial institution in the country. It is also a rapidly changing and intensely price-competitive industry in which an explicit, educated business strategy is of the utmost importance. TDW currently employs a somewhat ambiguou...

  9. Discounting Models for Outcomes over Continuous Time

    DEFF Research Database (Denmark)

    Harvey, Charles M.; Østerdal, Lars Peter

    Events that occur over a period of time can be described either as sequences of outcomes at discrete times or as functions of outcomes in an interval of time. This paper presents discounting models for events of the latter type. Conditions on preferences are shown to be satisfied if and only if t...... if the preferences are represented by a function that is an integral of a discounting function times a scale defined on outcomes at instants of time....

  10. Individual differences in delay discounting under acute stress: the role of trait perceived stress

    Directory of Open Access Journals (Sweden)

    Karolina M. Lempert

    2012-07-01

    Full Text Available Delay discounting refers to the reduction of the value of a future reward as the delay to that reward increases. The rate at which individuals discount future rewards varies as a function of both individual and contextual differences, and high delay discounting rates have been linked with problematic behaviors, including drug abuse and gambling. The current study investigated the effects of acute anticipatory stress on delay discounting, while considering two important factors: individual perceptions of stress and whether the stressful situation is future-focused or present-focused. Half of the participants experienced acute stress by anticipating giving a videotaped speech. This stress was either future-oriented (speech about future job or present-oriented (speech about physical appearance. They then performed a delay discounting task, in which they chose between smaller, immediate rewards and larger, delayed rewards. Their scores on the Perceived Stress Scale were also collected. The way in which one appraises a stressful situation interacts with acute stress to influence choices; under stressful conditions, delay discounting rate was highest in individuals with low perceived stress and lowest for individuals with high perceived stress. This result might be related to individual variation in reward responsiveness under stress. Furthermore, the time orientation of the task interacted with its stressfulness to affect the individual’s propensity to choose immediate rewards. These findings add to our understanding of the intermediary factors between stress and decision making.

  11. Discounting of money and sex: effects of commodity and temporal position in stimulant-dependent men and women.

    Science.gov (United States)

    Jarmolowicz, David P; Landes, Reid D; Christensen, Darren R; Jones, Bryan A; Jackson, Lisa; Yi, Richard; Bickel, Warren K

    2014-11-01

    Research on delay discounting has contributed to the understanding of numerous addiction-related phenomena. For example, studies have shown that substance dependent individuals discount their addictive substances (e.g., cocaine) more rapidly than they do other commodities (e.g., money). Recent research has shown that substance dependent individuals discount delayed sex more rapidly than delayed money, and their discounting rates for delayed sex were higher than those of non-addicted individuals. The particular reason that delay discounting rates for sex are higher than those for money, however, are unclear. Do individuals discount delayed sex rapidly because immediate sex is particularly appealing or because delayed sex does not retain its value? Moreover, do the same factors influence men and women's choices? The current study examined delay discounting in four conditions (money now versus money later; sex now versus sex later; money now, versus sex later; sex now versus money later) in cocaine dependent men and women. The procedures used isolated the role of the immediate versus delayed commodity. For men, the higher rates of delay discounting for sex were because delayed sex did not retain its value, whereas both the immediate and delayed commodity influenced the female participants' decisions. Copyright © 2014 Elsevier Ltd. All rights reserved.

  12. ACCOUNTING TREATMENT FOR COMMERCIAL DISCOUNTS ON GOODS PURCHASED FOR RESALE

    Directory of Open Access Journals (Sweden)

    HOLT GHEORGHE

    2016-04-01

    Full Text Available In the specialized literature there are two major categories of discounts applied between business partners: trade discounts and financial discounts. In terms of accounting, the method of calculation of interest is commercial and financial cuts, especially the tax treatment of them. Trade discounts are applied prior to financial services, and both types of discounts are calculated on the net earlier. Discounts are calculated after applying discounts and special an issue is to know the level of rebates, which are determined periodically based on the turnover.

  13. Benefit assessment in Germany: implications for price discounts.

    Science.gov (United States)

    Theidel, Ulrike; von der Schulenburg, J-Matthias Graf

    2016-12-01

    The AMNOG regulation, introduced in 2011 in Germany, changed the game for new drugs. Now, the industry is required to submit a dossier to the GBA (the central decision body in the German sickness fund system) to show additional benefit. After granting the magnitude of the additional benefit by the GBA, the manufacturer is entitled to negotiate the reimbursement price with the GKV-SV (National Association of Statutory Health Insurance Funds). The reimbursement price is defined as a discount on the drug price at launch. As the price or discount negotiations between the manufacturers and the GKV-SV takes place behind closed doors, the factors influencing the results of the negotiation are not known. The aim of this evaluation is to identify factors influencing the results of the AMNOG price negotiation process. The analysis was based on a dataset containing detailed information on all assessments until the end of 2015. A descriptive analysis was followed by an econometric analysis of various potential factors (benefit rating, size of target population, deviating from appropriate comparative therapy and incorporation of HRQoL-data). Until December 2015, manufacturers and the GKV-SV finalized 96 negotiations in 193 therapeutic areas, based on assessment conducted by the GBA. The GBA has granted an additional benefit to 100/193 drug innovations. Negotiated discount was significantly higher for those drugs without additional benefit (p = 0.030) and non-orphan drugs (p = 0.015). Smaller population size, no deviation from recommended appropriate comparative therapy and the incorporation of HRQoL-data were associated with a lower discount on the price at launch. However, neither a uni- nor the multivariate linear regression showed enough power to predict the final discount. Although the AMNOG regulation implemented binding and strict rules for the benefit assessment itself, the outcome of the discount negotiations are still unpredictable. Obviously, negotiation

  14. Observed and Normative Discount Functions in Addiction and other Diseases

    OpenAIRE

    Cruz Rambaud, Salvador; Mu?oz Torrecillas, Mar?a J.; Takahashi, Taiki

    2017-01-01

    The aim of this paper is to find a suitable discount function able to describe the progression of a certain addiction or disease under treatment as a discounting process. In effect, a certain indicator related to a disease decays over time in a manner which is mathematically similar to the way in which discounting has been modeled. We analyze the discount functions observed in experiments which study addictive and other problematic behaviors as well as some alternative hyperbola-like discount...

  15. Intertemporal Decision Making After Brain Injury: Amount-Dependent Steeper Discounting after Frontal Cortex Damage

    Directory of Open Access Journals (Sweden)

    Białaszek Wojciech

    2017-12-01

    Full Text Available Traumatic brain injuries to the frontal lobes are associated with many maladaptive forms of behavior. We investigated the association between brain damage and impulsivity, as measured by the rate of delay discounting (i.e., the extent to which future outcomes are devalued in time. The main aim of this study was to test the hypothesis of steeper discounting of different amounts in a group of patients with frontal lobe damage. We used a delay discounting task in the form of a structured interview. A total of 117 participants were divided into five groups: three neurological groups and two groups without brain damage. Our analyses showed that patients with focal damage to the frontal lobes demonstrated steeper delay discounting than other participants. Other clinical groups demonstrated similar discounting rates. The data pattern related to the magnitude effect on the group level suggested that the magnitude effect is absent in the group of patients with damage to the frontal lobes; however, results were less consistent on an individual level. Amount-dependent discounting was observed in only two groups, the healthy control group and the neurological group with other cortical areas damaged.

  16. Delay Discounting as an Index of Sustainable Behavior: Devaluation of Future Air Quality and Implications for Public Health.

    Science.gov (United States)

    Berry, Meredith S; Nickerson, Norma P; Odum, Amy L

    2017-09-01

    Poor air quality and resulting annual deaths represent significant public health concerns. Recently, rapid delay discounting (the devaluation of future outcomes) of air quality has been considered a potential barrier for engaging in long term, sustainable behaviors that might help to reduce emissions (e.g., reducing private car use, societal support for clean air initiatives). Delay discounting has been shown to be predictive of real world behavior outside of laboratory settings, and therefore may offer an important framework beyond traditional variables thought to measure sustainable behavior such as importance of an environmental issue, or environmental attitudes/values, although more research is needed in this area. We examined relations between discounting of air quality, respiratory health, and monetary gains and losses. We also examined, relations between discounting and self-reported importance of air quality and respiratory health, and nature relatedness. Results showed rapid delay discounting of all outcomes across the time frames assessed, and significant positive correlations between delay discounting of air quality, respiratory health, and monetary outcomes. Steeper discounting of monetary outcomes relative to air quality and respiratory health outcomes was observed in the context of gains; however, no differences in discounting were observed across losses of monetary, air quality, and respiratory health. Replicating the sign effect, monetary outcomes were discounted more steeply than monetary losses. Importance of air quality, respiratory health and nature relatedness were significantly and positively correlated with one another, but not with degree of delay discounting of any outcome, demonstrating the need for more comprehensive measures that predict pro-environmental behaviors that might benefit individuals and public health over time. These results add to our understanding of decision-making, and demonstrate alarming rates of delay discounting of

  17. Discounting future health benefits: the poverty of consistency arguments.

    Science.gov (United States)

    Nord, Erik

    2011-01-01

    In economic evaluation of health care, main stream practice is to discount benefits at the same rate as costs. But main papers in which this practice is advocated have missed a distinction between two quite different evaluation problems: (1) How much does the time of program occurrence matter for value and (2) how much do delays in health benefits from programs implemented at a given time matter? The papers have furthermore focused on logical and arithmetic arguments rather than on real value considerations. These 'consistency arguments' are at best trivial, at worst logically flawed. At the end of the day, there is a sensible argument for equal discounting of costs and benefits rooted in microeconomic theory of rational, utility maximising consumers' saving behaviour. But even this argument is problematic, first because the model is not clearly supported by empirical observations of individuals' time preferences for health, second because it relates only to evaluation in terms of overall individual utility. It does not provide grounds for claiming that decision makers with a wider societal perspective, which may include concerns for fair distribution, need to discount Copyright © 2010 John Wiley & Sons, Ltd. 2010 John Wiley & Sons, Ltd.

  18. Temporal Discounting Is Associated with an Increased Risk of Mortality among Community-Based Older Persons without Dementia.

    Directory of Open Access Journals (Sweden)

    Patricia A Boyle

    Full Text Available Temporal discounting is an important determinant of many health and financial outcomes, but we are not aware of studies that have examined the association of temporal discounting with mortality.Participants were 406 older persons without dementia from the Rush Memory and Aging Project, a longitudinal cohort study of aging. Temporal discounting was measured using standard preference elicitation questions. Individual discount rates were estimated using a well-established hyperbolic function and used to predict the risk of mortality during up to 5 years of follow-up.The mean estimate of discounting was 0.45 (SD = 0.33, range: 0.08-0.90, with higher scores indicating a greater propensity to prefer smaller immediate rewards over larger but delayed ones. During up to 5 years of follow-up (mean = 3.6 years, 62 (15% of 406 persons died. In a proportional hazards model adjusted for age, sex, and education, temporal discounting was associated with an increased risk of mortality (HR = 1.103, 95% CI 1.024, 1.190, p = 0.010. Thus, a person with the highest discount rate (score = 0.90 was about twice more likely to die over the study period compared to a person with the lowest discount rate (score = 0.08. Further, the association of discounting with mortality persisted after adjustment for the level of global cognitive function, the burden of vascular risk factors and diseases, and an indicator of psychological well being (i.e., purpose in life.Temporal discounting is associated with an increased risk of mortality in old age after accounting for global cognitive function and indicators of physical and mental health.

  19. Quantifying canal leakage rates using a mass-balance approach and heat-based hydraulic conductivity estimates in selected irrigation canals, western Nebraska, 2007 through 2009

    Science.gov (United States)

    Hobza, Christopher M.; Andersen, Michael J.

    2010-01-01

    The water supply in areas of the North Platte River Basin in the Nebraska Panhandle has been designated as fully appropriated or overappropriated by the Nebraska Department of Natural Resources (NDNR). Enacted legislation (Legislative Bill 962) requires the North Platte Natural Resources District (NPNRD) and the NDNR to develop an Integrated Management Plan (IMP) to balance groundwater and surface-water supply and demand in the NPNRD. A clear understanding of the groundwater and surface-water systems is critical for the development of a successful IMP. The primary source of groundwater recharge in parts of the NPNRD is from irrigation canal leakage. Because canal leakage constitutes a large part of the hydrologic budget, spatially distributing canal leakage to the groundwater system is important to any management strategy. Surface geophysical data collected along selected reaches of irrigation canals has allowed for the spatial distribution of leakage on a relative basis; however, the actual magnitude of leakage remains poorly defined. To address this need, the U.S. Geological Survey, in cooperation with the NPNRD, established streamflow-gaging stations at upstream and downstream ends from two selected canal reaches to allow a mass-balance approach to be used to calculate daily leakage rates. Water-level and sediment temperature data were collected and simulated at three temperature monitoring sites to allow the use of heat as a tracer to estimate the hydraulic conductivity of canal bed sediment. Canal-leakage rates were estimated by applying Darcy's Law to modeled vertical hydraulic conductivity and either the estimated or measured hydraulic gradient. This approach will improve the understanding of the spatial and temporal variability of canal leakage in varying geologic settings identified in capacitively coupled resistivity surveys. The high-leakage potential study reach of the Tri-State Canal had two streamflow-gaging stations and two temperature monitoring

  20. Retailer Stackelberg game in a supply chain with pricing and service decisions and simple price discount contract

    Science.gov (United States)

    Sadjadi, Seyed Jafar; Sadeghian, Ramin; Sahebi, Hadi

    2018-01-01

    This paper studies the Retailer Stackelberg game in a supply chain consisting of two manufacturers and one retailer where they compete simultaneously under three factors including price, service and simple price discount contract. It is assumed that the second manufacturer provides service directly to his customers, and the retailer provides service for the first product’s customers, while the retailer buys the first product under price discount from the first manufacturer. The analysis of the optimal equilibrium solutions and the results of the numerical examples show that if a manufacturer chooses the appropriate range of discount rate, he will gain more profit than when there is no discount given to the retailer. This situation can be considered as an effective tool for the coordination of the first manufacturer and the retailer to offer discount by manufacturer and to provide the service by the retailer. We obtain equilibrium solution of Retailer Stackelberg game and analyze the numerical examples under two cases: a) the manufacturers sell their products to the retailer without price discount contract. b) The first manufacturer sells his products to the retailer with the simple price discount contract. The preliminary results show that the service and the price discount contract can improve the performance of supply chain. PMID:29649315

  1. Retailer Stackelberg game in a supply chain with pricing and service decisions and simple price discount contract.

    Science.gov (United States)

    Sadjadi, Seyed Jafar; Asadi, Hashem; Sadeghian, Ramin; Sahebi, Hadi

    2018-01-01

    This paper studies the Retailer Stackelberg game in a supply chain consisting of two manufacturers and one retailer where they compete simultaneously under three factors including price, service and simple price discount contract. It is assumed that the second manufacturer provides service directly to his customers, and the retailer provides service for the first product's customers, while the retailer buys the first product under price discount from the first manufacturer. The analysis of the optimal equilibrium solutions and the results of the numerical examples show that if a manufacturer chooses the appropriate range of discount rate, he will gain more profit than when there is no discount given to the retailer. This situation can be considered as an effective tool for the coordination of the first manufacturer and the retailer to offer discount by manufacturer and to provide the service by the retailer. We obtain equilibrium solution of Retailer Stackelberg game and analyze the numerical examples under two cases: a) the manufacturers sell their products to the retailer without price discount contract. b) The first manufacturer sells his products to the retailer with the simple price discount contract. The preliminary results show that the service and the price discount contract can improve the performance of supply chain.

  2. Sediment Transport Model for a Surface Irrigation System

    Directory of Open Access Journals (Sweden)

    Damodhara R. Mailapalli

    2013-01-01

    Full Text Available Controlling irrigation-induced soil erosion is one of the important issues of irrigation management and surface water impairment. Irrigation models are useful in managing the irrigation and the associated ill effects on agricultural environment. In this paper, a physically based surface irrigation model was developed to predict sediment transport in irrigated furrows by integrating an irrigation hydraulic model with a quasi-steady state sediment transport model to predict sediment load in furrow irrigation. The irrigation hydraulic model simulates flow in a furrow irrigation system using the analytically solved zero-inertial overland flow equations and 1D-Green-Ampt, 2D-Fok, and Kostiakov-Lewis infiltration equations. Performance of the sediment transport model was evaluated for bare and cropped furrow fields. The results indicated that the sediment transport model can predict the initial sediment rate adequately, but the simulated sediment rate was less accurate for the later part of the irrigation event. Sensitivity analysis of the parameters of the sediment module showed that the soil erodibility coefficient was the most influential parameter for determining sediment load in furrow irrigation. The developed modeling tool can be used as a water management tool for mitigating sediment loss from the surface irrigated fields.

  3. Evaluation of potential water conservation using site-specific irrigation

    Science.gov (United States)

    With the advent of site-specific variable-rate irrigation (VRI) systems, irrigation can be spatially managed within sub-field-sized zones. Spatial irrigation management can optimize spatial water use efficiency and may conserve water. Spatial VRI systems are currently being managed by consultants ...

  4. Ghana - Agriculture - Irrigation

    Data.gov (United States)

    Millennium Challenge Corporation — The Millennium Development Authority (MiDA) financed the construction of a new irrigation scheme in Kpong and the renovation of two irrigation schemes in Botanga and...

  5. Drip Irrigation for Commercial Vegetable and Fruit Production

    OpenAIRE

    Maughn, Tiffany; Allen, Niel; Drost, Dan

    2017-01-01

    Drip irrigation is a highly efficient irrigation method well suited to many fruit and vegetable row crops. Drip tubing or tape discharges water to the soil through emitters positioned close to the plant. The drip tubing can be placed uncovered on the soil surface, under plastic mulch, buried in the soil, or suspended above the ground (e.g., on a trellis system). Water application rate is relatively low and irrigations are usually frequent. Properly designed and maintained drip-irrigation syst...

  6. Ring Irrigation System (RIS) design through customer preference representation

    OpenAIRE

    Ridwan Infandra I.Z.; Rianmora Suchada; Werawatganon Siwat

    2018-01-01

    In agricultural field, irrigation is one of the most interesting considerations affecting the rate of plant growth and development. Micro-irrigation as the dripping or sprinkle method is one of the irrigation types that applies the small amount of water for fulfilling the humidity requirement. The most important factors affecting the demand of water for plants are soil conditions and effect of climatic factors. With less human labour required, to improve the irrigation method from the recent ...

  7. Root canal irrigants

    OpenAIRE

    Kandaswamy, Deivanayagam; Venkateshbabu, Nagendrababu

    2010-01-01

    Successful root canal therapy relies on the combination of proper instrumentation, irrigation, and obturation of the root canal. Of these three essential steps of root canal therapy, irrigation of the root canal is the most important determinant in the healing of the periapical tissues. The primary endodontic treatment goal must thus be to optimize root canal disinfection and to prevent reinfection. In this review of the literature, various irrigants and the interactions between irrigants are...

  8. IRRIGATION USING SOLAR PUMP

    OpenAIRE

    Prof. Nitin P.Choudhary*1 & Ms. Komal Singne2

    2017-01-01

    In this report the described design of a PV and soil moisture sensor based automated irrigation system is introduced. This project aims to provide a human friendly, economical and automated water pumping system which eliminates the problems of over irrigation and helps in irrigation water optimization and manage it in accordance with the availability of water. Our project not only tries to modernize the irrigation practices and ensure the optimum yield by carefully fulfilling the requirements...

  9. Unhealthy diets, obesity and time discounting: a systematic literature review and network analysis.

    Science.gov (United States)

    Barlow, Pepita; Reeves, Aaron; McKee, Martin; Galea, Gauden; Stuckler, David

    2016-09-01

    There is an increasing policy commitment to address the avoidable burdens of unhealthy diet, overweight and obesity. However, to design effective policies, it is important to understand why people make unhealthy dietary choices. Research from behavioural economics suggests a critical role for time discounting, which describes how people's value of a reward, such as better health, decreases with delay to its receipt. We systematically reviewed the literature on the relationship of time discounting with unhealthy diets, overweight and obesity in Web of Science and PubMed. We identified 41 studies that met our inclusion criteria as they examined the association between time discount rates and (i) unhealthy food consumption; (ii) overweight and (iii) response to dietary and weight loss interventions. Nineteen out of 25 cross-sectional studies found time discount rates positively associated with overweight, obesity and unhealthy diets. Experimental studies indicated that lower time discounting was associated with greater weight loss. Findings varied by how time discount rates were measured; stronger results were observed for food than monetary-based measurements. Network co-citation analysis revealed a concentration of research in nutrition journals. Overall, there is moderate evidence that high time discounting is a significant risk factor for unhealthy diets, overweight and obesity and may serve as an important target for intervention. © 2016 The Authors Obesity Reviews published by John Wiley & Sons Ltd on behalf of International Association for the Study of Obesity (IASO). © 2016 The Authors Obesity Reviews published by John Wiley & Sons Ltd on behalf of International Association for the Study of Obesity (IASO).

  10. 10% discount at Novae restaurants for students

    CERN Document Server

    2016-01-01

    A 10% discount will be granted for students dining in restaurants 1 and 2 (on the Meyrin site) during the summer from 15 June 2016 to 15 September 2016.   A special badge will be issued by the respective secretariats if the student fulfils the following criteria:  Is under 25 years old; Is in possession of a student card issued by a University or college; Has a CERN contract > 1 month (Users, Summer Students, Trainees, etc). This badge and the CERN access card will have to be shown at the Novae restaurants in order to benefit from this discount.

  11. Irrigation in endodontic treatment.

    Science.gov (United States)

    Basrani, Bettina

    2011-01-01

    The primary endodontic treatment goal is to optimize root canal disinfection and to prevent reinfection. Successful root canal therapy relies on the combination of proper instrumentation, irrigation, and obturation of the root canal system. In this review of the literature, various irrigants and the interactions between irrigants are discussed and new delivery systems are introduced.

  12. A behavioral economic analysis of texting while driving: Delay discounting processes.

    Science.gov (United States)

    Hayashi, Yusuke; Miller, Kimberly; Foreman, Anne M; Wirth, Oliver

    2016-12-01

    The purpose of the present study was to examine an impulsive decision-making process underlying texting while driving from a behavioral economic perspective. A sample of 108 college students completed a novel discounting task that presented participants with a hypothetical scenario in which, after receiving a text message while driving, they rated the likelihood of replying to a text message immediately versus waiting to reply for a specific period of time. Participants also completed a delay discounting task in which they made repeated hypothetical choices between obtaining a larger amount of money available after a delay and an equal or lesser amount of money available immediately. The results show that the duration of the delay is a critical variable that strongly determines whether participants choose to wait to reply to a text message, and that the decrease in the likelihood of waiting as a function of delay is best described by a hyperbolic delay discounting function. The results also show that participants who self-reported higher frequency of texting while driving discounted the opportunity to reply to a text message at greater rates, whereas there was no relation between the rates of discounting of hypothetical monetary rewards and the frequency of texting while driving. The results support the conclusion that texting while driving is fundamentally an impulsive choice. Copyright © 2016 Elsevier Ltd. All rights reserved.

  13. Irrigation in dose assessments models

    Energy Technology Data Exchange (ETDEWEB)

    Bergstroem, Ulla; Barkefors, Catarina [Studsvik RadWaste AB, Nykoeping (Sweden)

    2004-05-01

    dominating contribution to resulting concentrations of radionuclides in vegetation due to irrigation. Finally a proposal is given how to model irrigation in future assessments by using an expression taking into account the leaf area index (LAI) and a specific storage capacity. In addition differentiation of retention on vegetation surfaces for various elements is proposed due to information in the literature. It has been stated that cations are retained more effectively than anions. Most radioecological models describe migration of radionuclides in soils by an expression including advection and bioturbation as main processes. A sensitivity and uncertainty analysis was performed for the expression used in SR 97 and SAFE to describe this. The results show, as expected, that for immobile radionuclides bioturbation causes a higher transport than advection, while for mobile radionuclides bioturbation is negligible. Irrigation is important from an exposure point of view. The importance varies due to element and consumption rates. Interception on vegetation surfaces and subsequent retention give the highest contamination for elements with low bioavailability.

  14. Irrigation in dose assessments models

    International Nuclear Information System (INIS)

    Bergstroem, Ulla; Barkefors, Catarina

    2004-05-01

    dominating contribution to resulting concentrations of radionuclides in vegetation due to irrigation. Finally a proposal is given how to model irrigation in future assessments by using an expression taking into account the leaf area index (LAI) and a specific storage capacity. In addition differentiation of retention on vegetation surfaces for various elements is proposed due to information in the literature. It has been stated that cations are retained more effectively than anions. Most radioecological models describe migration of radionuclides in soils by an expression including advection and bioturbation as main processes. A sensitivity and uncertainty analysis was performed for the expression used in SR 97 and SAFE to describe this. The results show, as expected, that for immobile radionuclides bioturbation causes a higher transport than advection, while for mobile radionuclides bioturbation is negligible. Irrigation is important from an exposure point of view. The importance varies due to element and consumption rates. Interception on vegetation surfaces and subsequent retention give the highest contamination for elements with low bioavailability

  15. Hypothetical intertemporal choice and real economic behavior: delay discounting predicts voucher redemptions during contingency-management procedures.

    Science.gov (United States)

    Bickel, Warren K; Jones, Bryan A; Landes, Reid D; Christensen, Darren R; Jackson, Lisa; Mancino, Michael

    2010-12-01

    Delay discounting rates are predictive of drug use status, the likelihood of becoming abstinent, and a variety of health behaviors. Rates of delay discounting may also be related to other relevant behaviors associated with addiction, such as the frequency at which individuals redeem contingency management voucher earnings. This study examined the discounting rates of 152 participants in a buprenorphine treatment program for opioid abuse. Participants received up to 12 weeks of buprenorphine treatment combined with contingency management. Participant's drug use was measured via urine specimens submitted three times a week. Successive negative urine specimens were reinforced with increasing amounts of money. After each negative urine specimen, a participant could either redeem his or her earnings or accumulate it in an account. Analysis of the frequency of redemptions showed that participants with higher rates of delay discounting at study intake redeemed their earnings significantly more often than participants with lower rates of discounting. Age and income also predicted redemption rates. We suggest that delay discounting rates can be used to predict redemption behaviors in a contingency management treatment program and that these findings are consistent with the recent theory of the competing neurobehavioral decision systems. PsycINFO Database Record (c) 2010 APA, all rights reserved.

  16. An adaptive, individualized fMRI delay discounting procedure to increase flexibility and optimize scanner time.

    Science.gov (United States)

    Koffarnus, Mikhail N; Deshpande, Harshawardhan U; Lisinski, Jonathan M; Eklund, Anders; Bickel, Warren K; LaConte, Stephen M

    2017-11-01

    Research on the rate at which people discount the value of future rewards has become increasingly prevalent as discount rate has been shown to be associated with many unhealthy patterns of behavior such as drug abuse, gambling, and overeating. fMRI research points to a fronto-parietal-limbic pathway that is active during decisions between smaller amounts of money now and larger amounts available after a delay. Researchers in this area have used different variants of delay discounting tasks and reported various contrasts between choice trials of different types from these tasks. For instance, researchers have compared 1) choices of delayed monetary amounts to choices of the immediate monetary amounts, 2) 'hard' choices made near one's point of indifference to 'easy' choices that require little thought, and 3) trials where an immediate choice is available versus trials where one is unavailable, regardless of actual eventual choice. These differences in procedure and analysis make comparison of results across studies difficult. In the present experiment, we designed a delay discounting task with the intended capability of being able to construct contrasts of all three comparisons listed above while optimizing scanning time to reduce costs and avoid participant fatigue. This was accomplished with an algorithm that customized the choice trials presented to each participant with the goal of equalizing choice trials of each type. We compared this task, which we refer to here as the individualized discounting task (IDT), to two other delay discounting tasks previously reported in the literature (McClure et al., 2004; Amlung et al., 2014) in 18 participants. Results show that the IDT can examine each of the three contrasts mentioned above, while yielding a similar degree of activation as the reference tasks. This suggests that this new task could be used in delay discounting fMRI studies to allow researchers to more easily compare their results to a majority of previous

  17. Irrigation as an Historical Climate Forcing

    Science.gov (United States)

    Cook, Benjamin I.; Shukla, Sonali P.; Puma, Michael J.; Nazarenko, Larissa S.

    2014-01-01

    Irrigation is the single largest anthropogenic water use, a modification of the land surface that significantly affects surface energy budgets, the water cycle, and climate. Irrigation, however, is typically not included in standard historical general circulation model (GCM) simulations along with other anthropogenic and natural forcings. To investigate the importance of irrigation as an anthropogenic climate forcing, we conduct two 5-member ensemble GCM experiments. Both are setup identical to the historical forced (anthropogenic plus natural) scenario used in version 5 of the Coupled Model Intercomparison Project, but in one experiment we also add water to the land surface using a dataset of historically estimated irrigation rates. Irrigation has a negligible effect on the global average radiative balance at the top of the atmosphere, but causes significant cooling of global average surface air temperatures over land and dampens regional warming trends. This cooling is regionally focused and is especially strong in Western North America, the Mediterranean, the Middle East, and Asia. Irrigation enhances cloud cover and precipitation in these same regions, except for summer in parts of Monsoon Asia, where irrigation causes a reduction in monsoon season precipitation. Irrigation cools the surface, reducing upward fluxes of longwave radiation (increasing net longwave), and increases cloud cover, enhancing shortwave reflection (reducing net shortwave). The relative magnitude of these two processes causes regional increases (northern India) or decreases (Central Asia, China) in energy availability at the surface and top of the atmosphere. Despite these changes in net radiation, however, climate responses are due primarily to larger magnitude shifts in the Bowen ratio from sensible to latent heating. Irrigation impacts on temperature, precipitation, and other climate variables are regionally significant, even while other anthropogenic forcings (anthropogenic aerosols

  18. THE SECULAR INFLUENCE OF THE RATE OF REFERENCE ON THE ECONOMIC POLICIES

    OpenAIRE

    Emilian M.DOBRESCU

    2005-01-01

    Having as starting point Radu Stoenescu’s book with respect to discount, and the difficulty in defining discount, we pursue to clarify this category and other associated ones, such as reference rate, discount rate, re-discount and its rate, in a historical and actual approach. The purpose is to demonstrate that the monetary policy about discount influences the economic policies and that is why it must be altered and guided in accordance with the changes of current economic-financial activity.

  19. Discounts at the Carlson Wagonlit travel agency

    CERN Document Server

    2008-01-01

    The Carlson Wagonlit travel agency is offering exceptional discounts of up to 40% for bookings with M-Travel before 29 February 2008 and Helvetic Tours before 30 March 2008. For terms and conditions and further information please contact the CERN Carlson Wagonlit Travel office, Main Building (500), Tel. 72763.

  20. Discounted Markov games : generalized policy iteration method

    NARCIS (Netherlands)

    Wal, van der J.

    1978-01-01

    In this paper, we consider two-person zero-sum discounted Markov games with finite state and action spaces. We show that the Newton-Raphson or policy iteration method as presented by Pollats-chek and Avi-Itzhak does not necessarily converge, contradicting a proof of Rao, Chandrasekaran, and Nair.

  1. A Delay Discounting Model of Psychotherapy Termination

    Science.gov (United States)

    Swift, Joshua K.; Callahan, Jennifer L.

    2009-01-01

    Delay discounting (DD) procedures are emerging as an important new method for psychotherapy researchers. In this paper a framework for conceptualizing existing, seemingly discrepant, research findings on termination is introduced and new directions for research are described. To illustrate the value of a DD framework, the common psychotherapy…

  2. Win-Win Strategies at Discount Stores

    NARCIS (Netherlands)

    B. Deleersnyder (Barbara); M.G. Dekimpe (Marnik); J-B.E.M. Steenkamp (Jan-Benedict); O. Koll (Oliver)

    2005-01-01

    textabstractAn important development that contributes to store brands’ growing success in the grocery market is the increasing number of discount stores that sell predominantly own, private-label, brands. To fight private labels, manufacturers of national brands feel increasingly compelled to

  3. Book Discounts and Cost-Plus Pricing

    Science.gov (United States)

    Andresen, David C.

    1974-01-01

    The adoption of cost-plus pricing by a major book jobber may have profound effects on the discounts that libraries receive. The article explains the pricing system and presents a set of graphs for libraries to use to determine its effects. (Author)

  4. Error Discounting in Probabilistic Category Learning

    Science.gov (United States)

    Craig, Stewart; Lewandowsky, Stephan; Little, Daniel R.

    2011-01-01

    The assumption in some current theories of probabilistic categorization is that people gradually attenuate their learning in response to unavoidable error. However, existing evidence for this error discounting is sparse and open to alternative interpretations. We report 2 probabilistic-categorization experiments in which we investigated error…

  5. Irrigation of steppe soils in the south of Russia: Problems and solutions (Analysis of Irrigation Practices in 1950-1990)

    Science.gov (United States)

    Minashina, N. G.

    2009-07-01

    Experience in irrigation of chernozems in the steppe zone of Russia for a period from 1950 to 1990 is analyzed. By the end of this period and in the subsequent years, the areas under irrigation reduced considerably, and the soil productivity worsened. This was caused by the improper design of irrigation systems, on the one hand, and by the low tolerance of chernozems toward increased moistening upon irrigation, on the other hand. The analysis of the factors and regimes of soil formation under irrigation conditions shows that irrigation-induced changes in the soil hydrology also lead to changes in the soil physicochemical, biochemical, and other properties. In particular, changes in the composition of exchangeable cations lead to the development of solonetzic process. In many areas, irrigation of chernozems was accompanied by the appearance of solonetzic, vertic, saline, and eroded soils. The development of soil degradation processes is described. In general, the deterioration of irrigated chernozems was related to the absence of adequate experience in irrigation of steppe soils, unskilled personnel, improper regime of irrigation, and excessively high rates of watering. In some cases, the poor quality of irrigation water resulted in the development of soil salinization and alkalization. To improve the situation, the training of personnel is necessary; the strategy of continuous irrigation should be replaced by the strategy of supplementary irrigation in the critical periods of crop development.

  6. Measurement-theoretic foundations of time discounting in economics

    OpenAIRE

    Conrad Heilmann

    2008-01-01

    In economics, the concept of time discounting introduces weights on future goods to make these less valuable. Yet, both the conceptual motivation for time discounting and its specic functional form remain contested. To address these problems, this paper provides a measurement-theoretic framework of representation for time discounting. The representation theorem characterises time discounting factors by representations of time dierences. This general result can be interpreted with existing the...

  7. Do the Powerful Discount the Future Less? The Effects of Power on Temporal Discounting.

    Science.gov (United States)

    Duan, Jinyun; Wu, Sherry J; Sun, Luying

    2017-01-01

    Individuals have the tendency to discount rewards in the future, known as temporal discounting, and we find that sense of power (the felt capacity to influence the thinking and behavior of others) reduces such tendency. In Studies 1 and 2, we used both an experiment and a survey with organizational employees to demonstrate that power reduced temporal discounting. In Study 3, we replicated study 1 while exploring a unique cultural trait of Danbo , or indifference to fame and wealth, across two ethnic groups (Han and Tibetan groups) in China. While power reduces temporal discounting, the relationship between the two may be leveraged by individual differences of optimism, frustration, and Danbo . The results imply a more nuanced interpretation of how individual and situational factors can affect intertemporal choice.

  8. Destination discount : A sensible road for national brands?

    NARCIS (Netherlands)

    Deleersnyder, B.; Koll, O.

    2012-01-01

    Purpose – This paper aims to study the consequences of listing national brands in discounters. Is the discount channel a promising outlet for manufacturer brands? Is it an effective means to attract new buyers? Which combination of brand and discount destination at which price is best suited for

  9. Discount-Optimal Infinite Runs in Priced Timed Automata

    DEFF Research Database (Denmark)

    Fahrenberg, Uli; Larsen, Kim Guldstrand

    2009-01-01

    We introduce a new discounting semantics for priced timed automata. Discounting provides a way to model optimal-cost problems for infinite traces and has applications in optimal scheduling and other areas. In the discounting semantics, prices decrease exponentially, so that the contribution...

  10. 48 CFR 952.251-70 - Contractor employee travel discounts.

    Science.gov (United States)

    2010-10-01

    ... 48 Federal Acquisition Regulations System 5 2010-10-01 2010-10-01 false Contractor employee travel... Contractor employee travel discounts. As prescribed in 951.7002, insert the following clause: Contractor Employee Travel Discounts (AUG 2009) (a) The Contractor shall take advantage of travel discounts offered to...

  11. 7 CFR 1786.98 - Discounted present value.

    Science.gov (United States)

    2010-01-01

    ... 7 Agriculture 12 2010-01-01 2010-01-01 false Discounted present value. 1786.98 Section 1786.98... Discounted present value. (a) The Discounted Present Value shall be calculated by RUS before prepayment is made by summing the present values of all remaining payments on all outstanding notes according to the...

  12. Discounting and distributional considerations in the context of global warming

    International Nuclear Information System (INIS)

    Azar, Christian; Sterner, Thomas

    1996-01-01

    The economics of global warming is reviewed with special emphasis on how the cost depends on the discount rate and on how costs in poor and rich regions are aggregated into a global cost estimate. Both of these factors depend on the assumptions made concerning the underlying utility and welfare functions. It is common to aggregate welfare gains and losses across generations and countries as if the utility of money were constant, but it is not. If we assume that a CO 2 -equivalent doubling implies costs equal to 1.5% of the income in both high and low income countries, a pure rate of time preference equal to zero, and a utility function which is logarithmic in income, then the marginal cost of CO 2 emissions is estimated at 260-590 USD/ton C for a time horizon in the range 300-1000 years, an estimate which is large enough to justify significant reductions of CO 2 emissions on purely economic grounds. The estimate is approximately 50-100-times larger than the estimate made by Nordhaus in his DICE model and the difference is almost completely due to the choice of discount rate and the weight given to the costs in the developing world as well as a more accurate model of the carbon cycle. Finally, the sensitivity of the marginal cost estimate with respect to several parameters is analyzed

  13. Irrigation Scheduling for Green Bell Peppers Using Capacitance Soil Moisture Sensors

    NARCIS (Netherlands)

    Zotarelli, L.; Dukes, M.D.; Scholberg, J.M.S.; Femminella, K.; Munoz-Carpena, R.

    2011-01-01

    Vegetable production areas are intensively managed with high inputs of fertilizer and irrigation. The objectives of this study were to evaluate the interaction between N-fertilizer rates and irrigation scheduling using soil moisture sensor irrigation controllers (SMS) on yield, irrigation water use

  14. Discounting and decision making in the economic evaluation of health-care technologies.

    Science.gov (United States)

    Claxton, Karl; Paulden, Mike; Gravelle, Hugh; Brouwer, Werner; Culyer, Anthony J

    2011-01-01

    Discounting costs and health benefits in cost-effectiveness analysis has been the subject of recent debate - some authors suggesting a common rate for both and others suggesting a lower rate for health. We show how these views turn on key judgments of fact and value: on whether the social objective is to maximise discounted health outcomes or the present consumption value of health; on whether the budget for health care is fixed; on the expected growth in the cost-effectiveness threshold; and on the expected growth in the consumption value of health. We demonstrate that if the budget for health care is fixed and decisions are based on incremental cost effectiveness ratios (ICERs), discounting costs and health gains at the same rate is correct only if the threshold remains constant. Expecting growth in the consumption value of health does not itself justify differential rates but implies a lower rate for both. However, whether one believes that the objective should be the maximisation of the present value of health or the present consumption value of health, adopting the social time preference rate for consumption as the discount rate for costs and health gains is valid only under strong and implausible assumptions about values and facts. 2010 John Wiley & Sons, Ltd.

  15. Probabilistic Discounting of Hypothetical Monetary Gains: University Students Differ in How They Discount "Won" and "Owed" Money

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam

    2013-01-01

    The present study tested whether participants would discount "won" money differently than they would "owed" money in a probability-discounting task. Participants discounted $1000 or $100,000 that they had won in a sweepstakes or that was owed to them using the multiple-choice (Experiment 1) or fill-in-the-blank (Experiment 2) method of collecting…

  16. Attention-deficit/hyperactivity disorder, delay discounting, and risky financial behaviors: A preliminary analysis of self-report data.

    Directory of Open Access Journals (Sweden)

    Theodore P Beauchaine

    Full Text Available Delay discounting-often referred to as hyperbolic discounting in the financial literature-is defined by a consistent preference for smaller, immediate rewards over larger, delayed rewards, and by failure of future consequences to curtail current consummatory behaviors. Previous research demonstrates (1 excessive delay discounting among individuals with attention-deficit/hyperactivity disorder (ADHD, (2 common neural substrates of delay discounting and hyperactive-impulsive symptoms of ADHD, and (3 associations between delay discounting and both debt burden and high interest rate borrowing. This study extends prior research by examining associations between ADHD symptoms, delay discounting, and an array of previously unevaluated financial outcomes among 544 individuals (mean age 35 years. Controlling for age, income, sex, education, and substance use, ADHD symptoms were associated with delay discounting, late credit card payments, credit card balances, use of pawn services, personal debt, and employment histories (less time spent at more jobs. Consistent with neural models of reward processing and associative learning, more of these relations were attributable to hyperactive-impulsive symptoms than inattentive symptoms. Implications for financial decision-making and directions for future research are discussed.

  17. Attention-deficit/hyperactivity disorder, delay discounting, and risky financial behaviors: A preliminary analysis of self-report data.

    Science.gov (United States)

    Beauchaine, Theodore P; Ben-David, Itzhak; Sela, Aner

    2017-01-01

    Delay discounting-often referred to as hyperbolic discounting in the financial literature-is defined by a consistent preference for smaller, immediate rewards over larger, delayed rewards, and by failure of future consequences to curtail current consummatory behaviors. Previous research demonstrates (1) excessive delay discounting among individuals with attention-deficit/hyperactivity disorder (ADHD), (2) common neural substrates of delay discounting and hyperactive-impulsive symptoms of ADHD, and (3) associations between delay discounting and both debt burden and high interest rate borrowing. This study extends prior research by examining associations between ADHD symptoms, delay discounting, and an array of previously unevaluated financial outcomes among 544 individuals (mean age 35 years). Controlling for age, income, sex, education, and substance use, ADHD symptoms were associated with delay discounting, late credit card payments, credit card balances, use of pawn services, personal debt, and employment histories (less time spent at more jobs). Consistent with neural models of reward processing and associative learning, more of these relations were attributable to hyperactive-impulsive symptoms than inattentive symptoms. Implications for financial decision-making and directions for future research are discussed.

  18. On the expected discounted penalty functions for two classes of risk processes under a threshold dividend strategy

    Science.gov (United States)

    Lu, Zhaoyang; Xu, Wei; Sun, Decai; Han, Weiguo

    2009-10-01

    In this paper, the discounted penalty (Gerber-Shiu) functions for a risk model involving two independent classes of insurance risks under a threshold dividend strategy are developed. We also assume that the two claim number processes are independent Poisson and generalized Erlang (2) processes, respectively. When the surplus is above this threshold level, dividends are paid at a constant rate that does not exceed the premium rate. Two systems of integro-differential equations for discounted penalty functions are derived, based on whether the surplus is above this threshold level. Laplace transformations of the discounted penalty functions when the surplus is below the threshold level are obtained. And we also derive a system of renewal equations satisfied by the discounted penalty function with initial surplus above the threshold strategy via the Dickson-Hipp operator. Finally, analytical solutions of the two systems of integro-differential equations are presented.

  19. Grower demand for sensor-controlled irrigation

    Science.gov (United States)

    Lichtenberg, Erik; Majsztrik, John; Saavoss, Monica

    2015-01-01

    Water scarcity is likely to increase in the coming years, making improvements in irrigation efficiency increasingly important. An emerging technology that promises to increase irrigation efficiency substantially is a wireless irrigation sensor network that uploads sensor data into irrigation management software, creating an integrated system that allows real-time monitoring and control of moisture status that has been shown in experimental settings to reduce irrigation costs, lower plant loss rates, shorten production times, decrease pesticide application, and increase yield, quality, and profit. We use an original survey to investigate likely initial acceptance, ceiling adoption rates, and profitability of this new sensor network technology in the nursery and greenhouse industry. We find that adoption rates for a base system and demand for expansion components are decreasing in price, as expected. The price elasticity of the probability of adoption suggests that sensor networks are likely to diffuse at a rate somewhat greater than that of drip irrigation. Adoption rates for a base system and demand for expansion components are increasing in specialization in ornamental production: growers earning greater shares of revenue from greenhouse and nursery operations are willing to pay more for a base system and are willing to purchase larger numbers of expansion components at any given price. We estimate that growers who are willing to purchase a sensor network expect investment in this technology to generate significant profit, consistent with findings from experimental studies.

  20. Delay Discounting: Pigeon, Rat, Human – Does it Matter?

    Science.gov (United States)

    Vanderveldt, Ariana; Oliveira, Luís; Green, Leonard

    2016-01-01

    Delay discounting refers to the decrease in subjective value of an outcome as the time to its receipt increases. Across species and situations, animals discount delayed rewards, and their discounting is well-described by a hyperboloid function. The current review begins with a comparison of discounting models and the procedures used to assess delay discounting in nonhuman animals. We next discuss the generality of discounting, reviewing the effects of different variables on the degree of discounting delayed reinforcers by nonhuman animals. Despite the many similarities in discounting observed between human and nonhuman animals, several differences have been proposed (e.g., the magnitude effect; nonhuman animals discount over a matter of seconds whereas humans report willing to wait months, if not years before receiving a reward), raising the possibility of fundamental species differences in intertemporal choice. After evaluating these differences, we discuss delay discounting from an adaptationist perspective. The pervasiveness of discounting across species and situations suggests it is a fundamental process underlying decision making. PMID:26881899

  1. An alternative approach to calculating Area-Under-the-Curve (AUC) in delay discounting research.

    Science.gov (United States)

    Borges, Allison M; Kuang, Jinyi; Milhorn, Hannah; Yi, Richard

    2016-09-01

    Applied to delay discounting data, Area-Under-the-Curve (AUC) provides an atheoretical index of the rate of delay discounting. The conventional method of calculating AUC, by summing the areas of the trapezoids formed by successive delay-indifference point pairings, does not account for the fact that most delay discounting tasks scale delay pseudoexponentially, that is, time intervals between delays typically get larger as delays get longer. This results in a disproportionate contribution of indifference points at long delays to the total AUC, with minimal contribution from indifference points at short delays. We propose two modifications that correct for this imbalance via a base-10 logarithmic transformation and an ordinal scaling transformation of delays. These newly proposed indices of discounting, AUClog d and AUCor d, address the limitation of AUC while preserving a primary strength (remaining atheoretical). Re-examination of previously published data provides empirical support for both AUClog d and AUCor d . Thus, we believe theoretical and empirical arguments favor these methods as the preferred atheoretical indices of delay discounting. © 2016 Society for the Experimental Analysis of Behavior.

  2. Reliability of the Discounting Inventory: An extension into substance-use population

    Directory of Open Access Journals (Sweden)

    Malesza Marta

    2017-06-01

    Full Text Available Recent research introduced the Discounting Inventory that allows the measurement of individual differences in the delay, probabilistic, effort, and social discounting rates. The goal of this investigation was to determine several aspects of the reliability of the Discounting Inventory using the responses of 385 participants (200 non-smokers and 185 current-smokers. Two types of reliability are of interest. Internal consistency and test-retest stability. A secondary aim was to extend such reliability measures beyond the non-clinical participant. The current study aimed to measure the reliability of the DI in a nicotine-dependent individuals and non-nicotine-dependent individuals. It is concluded that the internal consistency of the DI is excellent, and that the test-retest reliability results suggest that items intended to measure three types of discounting were likely testing trait, rather than state, factors, regardless of whether “non-smokers” were included in, or excluded from, the analyses (probabilistic discounting scale scores being the exception. With these cautions in mind, however, the psychometric properties of the DI appear to be very good.

  3. Discount method for programming language evaluation

    DEFF Research Database (Denmark)

    Kurtev, Svetomir; Christensen, Tommy Aagaard; Thomsen, Bent

    2016-01-01

    This paper presents work in progress on developing a Discount Method for Programming Language Evaluation inspired by the Discount Usability Evaluation method (Benyon 2010) and the Instant Data Analysis method (Kjeldskov et al. 2004). The method is intended to bridge the gap between small scale...... internal language design evaluation methods and large scale surveys and quantitative evaluation methods. The method is designed to be applicable even before a compiler or IDE is developed for a new language. To test the method, a usability evaluation experiment was carried out on the Quorum programming...... language (Stefik et al. 2016) using programmers with experience in C and C#. When comparing our results with previous studies of Quorum, most of the data was comparable though not strictly in agreement. However, the discrepancies were mainly related to the programmers pre-existing expectations...

  4. Armenia - Irrigation Infrastructure

    Data.gov (United States)

    Millennium Challenge Corporation — This study evaluates irrigation infrastructure rehabilitation in Armenia. The study separately examines the impacts of tertiary canals and other large infrastructure...

  5. Accounting and Tax Issues Concerning Commercial Discounts

    Directory of Open Access Journals (Sweden)

    Sava Raluca

    2015-12-01

    Full Text Available Commercial discounts accounting presents a particular importance because, on the one hand, of their widely spread on a large scale in the commercial activity and on the second hand, due to the influence of the accounting and reporting method over the value added tax. The paper theoretically addresses commercial reductions and also their reflection in the accounting according with the latest regulations in force.

  6. Positive autobiographical memory retrieval reduces temporal discounting.

    Science.gov (United States)

    Lempert, Karolina M; Speer, Megan E; Delgado, Mauricio R; Phelps, Elizabeth A

    2017-10-01

    People generally prefer rewards sooner rather than later. This phenomenon, temporal discounting, underlies many societal problems, including addiction and obesity. One way to reduce temporal discounting is to imagine positive future experiences. Since there is overlap in the neural circuitry associated with imagining future experiences and remembering past events, here we investigate whether recalling positive memories can also promote more patient choice. We found that participants were more patient after retrieving positive autobiographical memories, but not when they recalled negative memories. Moreover, individuals were more impulsive after imagining novel positive scenes that were not related to their memories, showing that positive imagery alone does not drive this effect. Activity in the striatum and temporo parietal junction during memory retrieval predicted more patient choice, suggesting that to the extent that memory recall is rewarding and involves perspective-taking, it influences decision-making. Furthermore, representational similarity in the ventromedial prefrontal cortex between memory recall and decision phases correlated with the behavioral effect across participants. Thus, we have identified a novel manipulation for reducing temporal discounting-remembering the positive past-and have begun to characterize the psychological and neural mechanisms behind it. © The Author (2017). Published by Oxford University Press.

  7. Introducing Upfront Money Can Decrease Discounting in Intertemporal Choices with Losses.

    Science.gov (United States)

    Jiang, Cheng-Ming; Sun, Hong-Yue; Zheng, Sheng-Hua; Wang, Liang-Jun; Qin, Yu

    2016-01-01

    People generally tend to advance gains and postpone losses in intertemporal choice. Jiang et al. (2014) recently showed that adding upfront losses or gains to both smaller and sooner (SS) and larger and later (LL) rewards can decrease people's discounting. To account for this decrease, they proposed the salience hypothesis, which states that introducing upfront losses or gains makes the money dimension more salient than not, thus increasing people's preference for LL rewards. Considering that decreasing the discounting of delayed losses is imperative and that most previous studies have focused on intertemporal choices with gains, in the current paper we conducted two experiments and used hypothetical money outcomes to examine whether the effect of upfront money could be extended to intertemporal choices with losses. The results showed that when both SS and LL intertemporal losses were combined with an upfront loss or gain, people's discounting rate decreased and the preference for the SS option increased. This finding further supports the salience account.

  8. Episodic Future Thinking about the Ideal Self Induces Lower Discounting, Leading to a Decreased Tendency toward Cheating.

    Science.gov (United States)

    Wu, Wen-Hsiung; Cheng, Wen; Chiou, Wen-Bin

    2017-01-01

    Delay discounting refers to a pervasive tendency toward preferring smaller immediate gains over larger future gains. Recent empirical research has shown that episodic future thinking (EFT; i.e., projecting oneself into the future to pre-experience forthcoming events) can reduce the tendency toward discounting. A common tenet of psychological theories of crime is that delinquency results from focusing on short-term gains while failing to consider adequately the longer-term consequences of delinquent behavior. We investigated whether an EFT intervention involving the ideal self could induce lower discounting rates and, as a consequence, reduced delinquency. The results showed that, compared with control participants, participants engaging in EFT, that is, envisaging life events that would be experienced by their ideal selves, exhibited a lower discounting rate in a monetary choice task (Experiments 1 and 2), as well as a decreased tendency to make delinquent choices in imaginary scenarios (Experiment 1) and cheat in a matrix task (Experiment 2). The discounting tendency mediated the relationship between engaging in EFT pertaining to the ideal self and the tendency toward morally questionable behavior (Experiments 1 and 2). The findings of the two experiments indicate that engagement in EFT with a focus on the ideal self is sufficient to induce lower discounting rates, by promoting consideration of distant costs and thus increasing resistance to delinquent involvement and cheating (given the temptation of the immediate benefits that may accrue from such behavior). The current research constitutes an innovative approach to delinquency prevention and the promotion of morality.

  9. Column leaching experiments of a uranium ore by atomizing irrigation technique

    International Nuclear Information System (INIS)

    Zeng Yingying; Lei Zeyong; Chen Haihui

    2007-01-01

    Column leaching experiments ora uranium ore were made by atomizing irrigation technique. The leaching results are compared with the results obtained by spray irrigation and drip irrigation techniques respectively under the same conditions of column leaching experiments. The results show that the atomizing irrigation technique has more uniform solution distribution, higher leaching rate, shorter leaching period, and less ratio of liquid to solid. Consequently, the atomizing irrigation technique is suitable to the ore. (authors)

  10. Economic Evaluation of Improved Irrigated Bread Wheat Varieties with National and International Origins and Its Impacts on Transfer of Supply Function

    Directory of Open Access Journals (Sweden)

    hormoz asadi

    2017-08-01

    research in different regions (B, annual shift of genetic improvement of variety due to breeding program (kt and Fixed and Variable costs due to research and extension of irrigated wheat breeding in experiment years (TVC were estimated as follow: Where: Pt: Price of wheat grain in year t, Qt: Quantity of wheat grain production in year t, Vit: Proportion of area of varieties in year t, gi: Genetic improvement for varieties i, S: Number of full time breeders and technicians involved in irrigated wheat breeding program, Cs: The costs of breeders and technicians in year t and Cvt: Fixed and variable costs of research and extension activities in year t For economic analyses of genetic improvement of a variety, profitability indexes including Net Present Value (NPV, Benefit- Cost Ratio and Internal Rate of Return (IRR were calculated following Brennan et al. (2002: Where: PVB: Present value of benefits, PVC: Present value of Costs, r: Discount rate and n: period Results and discussion According to the results of this study, the mean reduction of costs for released irrigated bread wheat varieties during 2001- 2010 was estimated as 109.8 rials. The mean of shift in supply function for released irrigated bread wheat varieties during these years was estimated as %5.31. The mean of Net present value (NPV for released irrigated bread wheat varieties in study periods was estimated 4463.5 billion Iranian Rials. Based on results, breeding program of irrigated bread wheat was economic. Conclusion In general, released irrigated bread wheat varieties with national and international origins in irrigated wheat breeding program of Seed and Plant Improvement Institute (SPII, Iran, was economically profitable. New Released irrigated bread wheat varieties have had considerable impacts on cost reduction and increasing of farmers income. Acknowlegemnets Authors would like to extend their sincere acknowledgements to the University of Sistan and Baluchestan and Seed and Plant Improvement Institute

  11. Delay discounting, impulsiveness, and addiction severity in opioid-dependent patients.

    Science.gov (United States)

    Robles, Elias; Huang, B Emma; Simpson, Pippa M; McMillan, Donald E

    2011-12-01

    Individuals who abuse drugs show higher delay discounting (DD) rate and impulsiveness scores compared with controls; however, it is unclear if DD rate covaries with severity of the addiction or if an individual's discounting rate can be changed by effective substance abuse treatment. This study compared methadone maintenance treatment (MMT) patients (n = 30) who had not used illegal drugs for 2 years with drug-using MMT patients (n = 30) and controls (n = 25) in terms of addiction severity, DD rate, and impulsiveness. Methadone patients abstinent from illegal drugs scored significantly lower on a number of addiction severity measures than the drug-using methadone patients. In addition, both groups of MMT patients showed significantly higher rates of DD and impulsiveness than the control group; however, no differences in DD rate or impulsiveness were found between the groups of patients. Results suggest that DD rate and impulsiveness may not covary with indicators of addiction severity in MMT patients. Published by Elsevier Inc.

  12. Beyond discounting: possible experimental models of impulse control.

    Science.gov (United States)

    Monterosso, J; Ainslie, G

    1999-10-01

    Animal studies of impulsivity have typically used one of three models: a delay of reward procedure, a differential reinforcement for low rate responding (DRL) procedure, or an autoshaping procedure. In each of these paradigms, we argue, measurement of impulsivity is implicitly or explicitly equated with the effect delay has on the value of reward. The steepness by which delay diminishes value (the temporal discount function) is treated as an index of impulsivity. In order to provide a better analog of human impulsivity, this model needs to be expanded to include the converse of impulsivity - self-control. Through mechanisms such as committing to long range interests before the onset of temptation, or through bundling individual choices into classes of choices that are made at once, human decision-making can often look far less myopic than single trial experiments predict. For people, impulsive behavior may be more often the result of the breakdown of self-control mechanisms than of steep discount functions. Existing animal models of self-control are discussed, and future directions are suggested for psychopharmacological research.

  13. Drinking status but not acute alcohol consumption influences delay discounting.

    Science.gov (United States)

    Adams, Sally; Attwood, Angela S; Munafò, Marcus R

    2017-09-01

    The aim of this study was to investigate the following: (a) the effects of acute alcohol on delay discounting; (b) the effects of drinking status on delayed discounting; and (c) whether these effects differ according to reward type (alcohol vs. money). Heavy and light social alcohol users (n = 96) were randomized to receive either an acute dose of alcohol at 0.4 or 0.6 g/kg or placebo in a between-subjects, double-blind design. Delay discounting of alcohol and monetary rewards was measured using a hyperbolic model, with higher scores indicative of greater delay discounting. ANOVA of discount scores indicated a main effect of reward type, where all participants had higher discount scores for alcohol versus money rewards. A main effect of drinking status was also observed, where heavier drinkers had higher discount scores compared with lighter drinkers. We did not observe a main effect of acute alcohol use on delay discounting or the hypothesized interactions between acute alcohol use and drinking status with reward type. Our data suggest that heavier drinkers discount the value of delayed rewards more steeply than lighter drinkers. Delay discounting may therefore be a promising marker of heavy alcohol consumption in social drinkers. Copyright © 2017 John Wiley & Sons, Ltd.

  14. Irrigation and Autocracy

    DEFF Research Database (Denmark)

    Bentzen, Jeanet Sinding; Kaarsen, Nicolai; Wingender, Asger Moll

    2017-01-01

    . We argue that the effect has historical origins: irrigation allowed landed elites in arid areas to monopolize water and arable land. This made elites more powerful and better able to oppose democratization. Consistent with this conjecture, we show that irrigation dependence predicts land inequality...

  15. Effective colostomy irrigation.

    Science.gov (United States)

    Mazier, W P; Dignan, R D; Capehart, R J; Smith, B G

    1976-06-01

    The ultimate goal of the cone method of colostomy irrigation is to return patients with colostomies to their former role in society with confidence in themselves to the extent that having a colostomy is not considered a handicap. The results have generally been excellent. We believe all patients with stomas should be afforded the opportunity to attempt colostomy irrigation.

  16. Economical Evaluation of Single Irrigation Efficient of Rainfed Barley under Different Agronimic Managements at On-farm Areas

    Directory of Open Access Journals (Sweden)

    Ali Reza Tavakoli

    2016-02-01

    income, C (w : Cost of production, YG: Crop yield (kg/ ha, PG : Price of crop(Rials/kg, YS: straw yield (kg/ ha PS : Price of straw (Rials/kg, C1: Total fixed cost without cost of water and irrigation (Rials/ ha, Pw: Price of water and irrigation (Rials/ m3 and W: Amount of water and irrigation (m3/ ha. Changes of incomes and changes of costs for every treatment in different crop managements were used as follows: (2 (3 Where j and j+1 show existence and substitution crop managements. In order to determine the price of irrigation water, total cost including pump and electromotor, semi deep well, power instrument, maps, pipe transport and implementation network, other primary cost and operation cost were used. The analysis period for the instruments (pump and electromotor, maps, implementation network was 20 years and for the semi deep well was 30 years. In this study, total cost was referred to the present value with %15 discount rate by uniform series formulas. Then, the water was used in the farm. The price of water was determined. Capital recovery formula is as follows: (4 Where: A: Annual value of primary investment costs, P: Primary investment costs for irrigation system, i: Discount rate and n: analysis period. Results and Discussion: According to the results, the price of water and irrigation at the research region based on its components and under 15% and 25% interest rates were obtained to be 213 and 338.1 Rials per cubic meters, respectively. The barley grain yield and its net benefit under advanced management were more than that obtained under traditional management. In traditional management, the mean barley grain yield for treatments including rainfed, Single irrigation (SI - planting and SI spring were estimated to be 1572, 2487 and 2670 kgha-1, respectively. The mean profit for rainfed barley production for treatments including rainfed, SI-planting and SI spring were estimated to be 1270.2, 2314.2 and 2607 (Thousand Rial.ha-1, respectively. In advanced

  17. Biological degradation of chernozems under irrigation

    Directory of Open Access Journals (Sweden)

    Oksana Naydyonova

    2014-12-01

    reduction the number of microorganisms and the diversity of fungi species, repression of cellulose destroying capacity, decrease invertase activity and the rate of humification, intensifying mineralization processes and soil toxicity increasing. Long-term irrigation of ordinary chernozem (Kharkiv Region with fresh water in moderate regime under 7-field crop rotation including alfalfa caused no disturbances of microbial cenosis. In this case parameters of biological indices did not deviate from the level of its non-irrigated analogue. Irrigation with saline water causes more profound negative changes of microbial cenosis of chernozem, which not always can be corrected using agroameliorative techniques. Intensive irrigation with saline water with total mineralization from 1.2 to 2.2 g/l of ordinary chernozem (Odesa Region for 13 years has led to a significant degradation changes in the structure and functioning of its microbial cenosis, its radical alteration such as oppression of microflora, decrease in the number of its main groups by 30 – 40 %, intensification of its mineralization function. Application of agroameliorative techniques (such as annually use of phosphogypsum 3 t/ha or /and complex measures (phosphogypsum 3 t/ha annually + N150P90K60 + manure 18 t/ha of crop rotation enable to regulate of soil biodynamic processes and partially or completely eliminate the phenomena of biological degradation. It was stated that after the cessation of irrigation the degradation changes of ordinary chernozem’s biological properties caused by irrigation with saline water were gradually restored.

  18. An improved delivery system for bladder irrigation.

    Science.gov (United States)

    Moslemi, Mohammad K; Rajaei, Mojtaba

    2010-10-05

    Occasionally, urologists may see patients requiring temporary bladder irrigation at hospitals without stocks of specialist irrigation apparatus. One option is to transfer the patient to a urology ward, but often there are outstanding medical issues that require continued specialist input. Here, we describe an improved system for delivering temporary bladder irrigation by utilizing readily available components and the novel modification of a sphygmomanometer blub. This option is good for bladder irrigation in patients with moderate or severe gross hematuria due to various causes. In this prospective study from March 2007 to April 2009, we used our new system in eligible cases. In this system, an irrigant bag with 1 L of normal saline was suspended 80 cm above the indwelled 3-way Foley catheter, and its drainage tube was inserted into the irrigant port of the catheter. To increase the flow rate of the irrigant system, we inserted a traditional sphygmomanometer bulb at the top of the irrigant bag. This closed system was used for continuous bladder irrigation (CBI) in patients who underwent open prostatectomy, transurethral resection of the prostate (TURP), or transurethral resection of the bladder (TURB). This high-pressure system is also used for irrigation during cystourethroscopy, internal urethrotomy, and transurethral lithotripsy. Our 831 eligible cases were divided into two groups: group 1 were endourologic cases and group 2 were open prostatectomy, TURP, and TURB cases. The maximum and average flow rates were evaluated. The efficacy of our new system was compared prospectively with the previous traditional system used in 545 cases. In group 1, we had clear vision at the time of endourologic procedures. The success rate of this system was 99.5%. In group 2, the incidence of clot retention decreased two fold in comparison to traditional gravity-dependent bladder flow system. These changes were statistically significant (P = 0.001). We did not observe any adverse

  19. Testable Implications of Quasi-Hyperbolic and Exponential Time Discounting

    OpenAIRE

    Echenique, Federico; Imai, Taisuke; Saito, Kota

    2014-01-01

    We present the first revealed-preference characterizations of the models of exponential time discounting, quasi-hyperbolic time discounting, and other time-separable models of consumers’ intertemporal decisions. The characterizations provide non-parametric revealed-preference tests, which we take to data using the results of a recent experiment conducted by Andreoni and Sprenger (2012). For such data, we find that less than half the subjects are consistent with exponential discounting, and on...

  20. The effects of the framing of time on delay discounting.

    Science.gov (United States)

    DeHart, William Brady; Odum, Amy L

    2015-01-01

    We examined the effects of the framing of time on delay discounting. Delay discounting is the process by which delayed outcomes are devalued as a function of time. Time in a titrating delay discounting task is often framed in calendar units (e.g., as 1 week, 1 month, etc.). When time is framed as a specific date, delayed outcomes are discounted less compared to the calendar format. Other forms of framing time; however, have not been explored. All participants completed a titrating calendar unit delay-discounting task for money. Participants were also assigned to one of two delay discounting tasks: time as dates (e.g., June 1st, 2015) or time in units of days (e.g., 5000 days), using the same delay distribution as the calendar delay-discounting task. Time framed as dates resulted in less discounting compared to the calendar method, whereas time framed as days resulted in greater discounting compared to the calendar method. The hyperboloid model fit best compared to the hyperbola and exponential models. How time is framed may alter how participants attend to the delays as well as how the delayed outcome is valued. Altering how time is framed may serve to improve adherence to goals with delayed outcomes. © Society for the Experimental Analysis of Behavior.

  1. Impacts of religious semantic priming on an intertemporal discounting task: Response time effects and neural correlates.

    Science.gov (United States)

    Morgan, Jonathan; Clark, Dustin; Tripodis, Yorghos; Halloran, Christopher S; Minsky, April; Wildman, Wesley J; Durso, Raymon; McNamara, Patrick

    2016-08-01

    The purpose of this study is to test the hypothesis that religious primes would influence intertemporal discounting behaviors in neurotypical older adults, but not in participants with Parkinson's disease (PD). Furthermore, we predicted that this priming effect would be related to functional connectivity within neural networks mediating religious cognition, decision-making, reward valuing, and prospection processes. Contrary to past research with young adults, we found a significant positive relationship between religiosity and discounting rates. Religious semantic primes did not reliably shift individual discounting rates. But religious controls did respond more quickly to intertemporal decisions under the religious priming condition than the neutral condition, compared to response time differences among the participants with PD. Differences in response time were significantly associated with functional connectivity between the nucleus accumbens and various regions, including the left anterior cingulate cortex and Brodmann areas 10 and 46 in the right dorsolateral prefrontal cortex. These results suggest that religious primes influence discounting behavior via dopaminergic meso-limbic and right dorsolateral prefrontal supporting cognitive valuation and prospection processes. Copyright © 2016 Elsevier Ltd. All rights reserved.

  2. How hyperbolic discounting preference affects Chinese consumers’ consumption choice between conventional and electric vehicles

    International Nuclear Information System (INIS)

    Wu, Tian; Shang, Zhe; Tian, Xin; Wang, Shouyang

    2016-01-01

    This paper presents a theoretical model and addresses several issues related to life cycle cost analysis to illustrate how time-inconsistent preferences affect consumer choice. The particular case study selects involved consumer choice between a vehicle with high initial acquisition cost but low ownership cost (e.g., an Electric Vehicle, EV) and one with a low initial acquisition cost but high ownership cost (e.g., a conventional Internal Combustion Engine Vehicle, ICEV). To test our theoretical analysis, we conduct an empirical study on how time discounting rates affect consumer choice between ICEVs and EVs with different initial cost ratios. From the survey results, we find that individuals with higher present bias showed irrational purchase behavior even when controlling for wealth level. Specifically, people making some “stronger bias to present” decisions chose higher total cost ICEVs with lower initial cost but higher ownership cost over lower total cost EVs with higher initial cost and lower ownership cost. However, people’s long-term discount is not correlated with irrational vehicle purchase behavior. Furthermore, we study the present bias and long-term discount rate in one scenario and found present bias to be correlated with irrational behavior. - Highlights: • Theoretical model and survey based on psychological experiment are used for study. • Time inconsistency preferences may affect consumers' rational purchasing choice. • Present bias is correlated with irrational behavior, but long-term discount is not.

  3. Positive autobiographical memory retrieval reduces temporal discounting

    Science.gov (United States)

    Lempert, Karolina M; Speer, Megan E; Delgado, Mauricio R

    2017-01-01

    Abstract People generally prefer rewards sooner rather than later. This phenomenon, temporal discounting, underlies many societal problems, including addiction and obesity. One way to reduce temporal discounting is to imagine positive future experiences. Since there is overlap in the neural circuitry associated with imagining future experiences and remembering past events, here we investigate whether recalling positive memories can also promote more patient choice. We found that participants were more patient after retrieving positive autobiographical memories, but not when they recalled negative memories. Moreover, individuals were more impulsive after imagining novel positive scenes that were not related to their memories, showing that positive imagery alone does not drive this effect. Activity in the striatum and temporo parietal junction during memory retrieval predicted more patient choice, suggesting that to the extent that memory recall is rewarding and involves perspective-taking, it influences decision-making. Furthermore, representational similarity in the ventromedial prefrontal cortex between memory recall and decision phases correlated with the behavioral effect across participants. Thus, we have identified a novel manipulation for reducing temporal discounting—remembering the positive past—and have begun to characterize the psychological and neural mechanisms behind it. PMID:28655195

  4. Rice Photosynthetic Productivity and PSII Photochemistry under Nonflooded Irrigation

    Directory of Open Access Journals (Sweden)

    Haibing He

    2014-01-01

    Full Text Available Nonflooded irrigation is an important water-saving rice cultivation technology, but little is known on its photosynthetic mechanism. The aims of this work were to investigate photosynthetic characteristics of rice during grain filling stage under three nonflooded irrigation treatments: furrow irrigation with plastic mulching (FIM, furrow irrigation with nonmulching (FIN, and drip irrigation with plastic mulching (DI. Compared with the conventional flooding (CF treatment, those grown in the nonflooded irrigation treatments showed lower net photosynthetic rate (PN, lower maximum quantum yield (Fv/Fm, and lower effective quantum yield of PSII photochemistry (ΦPSII. And the poor photosynthetic characteristics in the nonflooded irrigation treatments were mainly attributed to the low total nitrogen content (TNC. Under non-flooded irrigation, the PN, Fv/Fm, and ΦPSII significantly decreased with a reduction in the soil water potential, but these parameters were rapidly recovered in the DI and FIM treatments when supplementary irrigation was applied. Moreover, The DI treatment always had higher photosynthetic productivity than the FIM and FIN treatments. Grain yield, matter translocation, and dry matter post-anthesis (DMPA were the highest in the CF treatment, followed by the DI, FIM, and FIN treatments in turn. In conclusion, increasing nitrogen content in leaf of rice plants could be a key factor to improve photosynthetic capacity in nonflooded irrigation.

  5. Covariance of random stock prices in the Stochastic Dividend Discount Model

    OpenAIRE

    Agosto, Arianna; Mainini, Alessandra; Moretto, Enrico

    2016-01-01

    Dividend discount models have been developed in a deterministic setting. Some authors (Hurley and Johnson, 1994 and 1998; Yao, 1997) have introduced randomness in terms of stochastic growth rates, delivering closed-form expressions for the expected value of stock prices. This paper extends such previous results by determining a formula for the covariance between random stock prices when the dividends' rates of growth are correlated. The formula is eventually applied to real market data.

  6. The economic feasibility of price discounts to improve diet in Australian Aboriginal remote communities.

    Science.gov (United States)

    Magnus, Anne; Moodie, Marj L; Ferguson, Megan; Cobiac, Linda J; Liberato, Selma C; Brimblecombe, Julie

    2016-04-01

    To estimate the cost-effectiveness of fiscal measures applied in remote community food stores for Aboriginal Australians. Six price discount strategies on fruit, vegetables, diet drinks and water were modelled. Baseline diet was measured as 12 months' actual food sales data in three remote Aboriginal communities. Discount-induced changes in food purchases were based on published price elasticity data while the weight of the daily diet was assumed constant. Dietary change was converted to change in sodium and energy intake, and body mass index (BMI) over a 12-month period. Improved lifetime health outcomes, modelled for the remote population of Aboriginal and Torres Strait Islanders, were converted to disability adjusted life years (DALYs) saved using a proportional multistate lifetable model populated with diet-related disease risks and Aboriginal and Torres Strait Islander rates of disease. While dietary change was small, five of the six price discount strategies were estimated as cost-effective, below a $50,000/DALY threshold. Stakeholders are committed to finding ways to reduce important inequalities in health status between Aboriginal and Torres Strait Islanders and non-Indigenous Australians. Price discounts offer potential to improve Aboriginal and Torres Strait Islander health. Verification of these results by trial-based research coupled with consideration of factors important to all stakeholders is needed. © 2015 The Authors.

  7. Supply Chain Coordination under Trade Credit and Quantity Discount with Sales Effort Effects

    Directory of Open Access Journals (Sweden)

    Zhihong Wang

    2018-01-01

    Full Text Available The purpose of this paper is to investigate the role of trade credit and quantity discount in supply chain coordination when the sales effort effect on market demand is considered. In this paper, we consider a two-echelon supply chain consisting of a single retailer ordering a single product from a single manufacturer. Market demand is stochastic and is influenced by retailer sales effort. We formulate an analytical model based on a single trade credit and find that the single trade credit cannot achieve the perfect coordination of the supply chain. Then, we develop a hybrid quantitative analytical model for supply chain coordination by coherently integrating incentives of trade credit and quantity discount with sales effort effects. The results demonstrate that, providing that the discount rate satisfies certain conditions, the proposed hybrid model combining trade credit and quantity discount will be able to effectively coordinate the supply chain by motivating retailers to exert their sales effort and increase product order quantity. Furthermore, the hybrid quantitative analytical model can provide great flexibility in coordinating the supply chain to achieve an optimal situation through the adjustment of relevant parameters to resolve conflict of interests from different supply chain members. Numerical examples are provided to demonstrate the effectiveness of the hybrid model.

  8. Shallow discounting of delayed cocaine by male rhesus monkeys when immediate food is the choice alternative.

    Science.gov (United States)

    Huskinson, Sally L; Myerson, Joel; Green, Leonard; Rowlett, James K; Woolverton, William L; Freeman, Kevin B

    2016-12-01

    Huskinson et al. (2015) recently examined delay discounting in monkeys choosing between an immediate drug (cocaine) reinforcer and a delayed nondrug (food) reinforcer. The present experiment examined the reverse situation: choice between immediate nondrug (food) and delayed drug (cocaine) reinforcers. Whereas the former choice situation exemplifies drug abuse from a delay-discounting perspective, our interest in the latter choice situation is derived from the observation that drug abusers, who characteristically are associated with impulsive choice, typically must devote considerable time to procuring drugs, often at the expense of immediate nondrug alternatives. Accordingly, we analyzed 3 male rhesus monkeys' choices between immediate food and delayed cocaine (0.1 and 0.2 mg/kg/injection) using a hyperbolic model that allowed us to compare discounting rates between qualitatively different reinforcers. Choice of immediate food increased with food amount, and choice functions generally shifted leftward as delay to cocaine increased, indicating a decrease in the subjective value of cocaine. Compared with our previous delay-discounting experiment with immediate cocaine versus delayed food, both doses of delayed cocaine were discounted at a shallow rate. The present results demonstrate that rhesus monkeys will tolerate relatively long delays in an immediate-food versus delayed-drug situation, suggesting that in intertemporal choices between cocaine and food, the subjective value of cocaine is less affected by the delay until reinforcement than is the subjective value of delayed food. More generally, the present findings suggest that although drug abusers may choose impulsively when immediate drug reinforcement is available, they exercise self-control in the acquisition of a highly preferred, delayed drug reinforcer. (PsycINFO Database Record (c) 2016 APA, all rights reserved).

  9. Parabolic discounting of monetary rewards by physical effort

    NARCIS (Netherlands)

    Hartmann, M.N.; Hager, O.M.; Tobler, P.N.; Kaiser, S.

    2013-01-01

    When humans and other animals make decisions in their natural environments prospective rewards have to be weighed against costs. It is well established that increasing costs lead to devaluation or discounting of reward. While our knowledge about discount functions for time and probability costs is

  10. Zero discounting can compensate future generations for climate damage

    NARCIS (Netherlands)

    Davidson, M.D.

    2014-01-01

    In cost-benefit analysis of climate policy there are two main approaches to discounting, each with implications conflicting with our moral intuitions. Thus, discounted utilitarianism implies that we hardly need to protect future generations against climate change, while classical utilitarianism

  11. Internet Addiction and Delay Discounting in College Students

    Science.gov (United States)

    Saville, Bryan K.; Gisbert, Amanda; Kopp, Jason; Telesco, Carolyn

    2010-01-01

    To examine the relation between Internet addiction and delay discounting, we gave 276 college students a survey designed to measure Internet addiction and a paper-based delay-discounting task. In our larger sample, we identified 14 students who met the criteria for Internet addiction; we also identified 14 matched controls who were similar to the…

  12. Brain Structure Linking Delay Discounting and Academic Performance.

    Science.gov (United States)

    Wang, Song; Kong, Feng; Zhou, Ming; Chen, Taolin; Yang, Xun; Chen, Guangxiang; Gong, Qiyong

    2017-08-01

    As a component of self-discipline, delay discounting refers to the ability to wait longer for preferred rewards and plays a pivotal role in shaping students' academic performance. However, the neural basis of the association between delay discounting and academic performance remains largely unknown. Here, we examined the neuroanatomical substrates underlying delay discounting and academic performance in 214 adolescents via voxel-based morphometry (VBM) by performing structural magnetic resonance imaging (S-MRI). Behaviorally, we confirmed the significant correlation between delay discounting and academic performance. Neurally, whole-brain regression analyses indicated that regional gray matter volume (rGMV) of the left dorsolateral prefrontal cortex (DLPFC) was associated with both delay discounting and academic performance. Furthermore, delay discounting partly accounted for the association between academic performance and brain structure. Differences in the rGMV of the left DLPFC related to academic performance explained over one-third of the impact of delay discounting on academic performance. Overall, these results provide the first evidence for the common neural basis linking delay discounting and academic performance. Hum Brain Mapp 38:3917-3926, 2017. © 2017 Wiley Periodicals, Inc. © 2017 Wiley Periodicals, Inc.

  13. The Students Decision Making in Solving Discount Problem

    Science.gov (United States)

    Abdillah; Nusantara, Toto; Subanji; Susanto, Hery; Abadyo

    2016-01-01

    This research is reviewing students' process of decision making intuitively, analytically, and interactively. The research done by using discount problem which specially created to explore student's intuition, analytically, and interactively. In solving discount problems, researcher exploring student's decision in determining their attitude which…

  14. Delay and probability discounting among payday and title loan recipients.

    Science.gov (United States)

    Mahoney, Colin T; Lawyer, Steven R

    2016-04-01

    Payday and title loans are short-term loans associated with significant economic impact. Behavioral theories of impulsive choice may provide insight into behavioral processes that underlie the propensity to take out payday and title loans. Adults between the ages of 18 and 30 recruited from the community completed delay and probability discounting tasks for hypothetical money as well as measures of substance use. Patterns of discounting were characterized using a hyperbolic decay model and area under the curve. Participants who took out a payday and/or title loan in the past (n=41) exhibited more impulsive choice patterns on the delay discounting task than did those who did not (n=255). Substance use mediated this relationship between payday and title loan retention and delay discounting. These findings suggest potentially important relationships between payday/title loan borrowing, substance use, and delay discounting. Copyright © 2016 Elsevier B.V. All rights reserved.

  15. Dividend growth, cash flow, and discount rate news

    OpenAIRE

    Garrett, Ian; Priestley, Richard

    2012-01-01

    This is the authors’ accepted and refereed manuscript to the article. Publishers web site http://journals.cambridge.org/ Using a new variable based on a model of dividend smoothing, we find that dividend growth is highly predictable and that cash flow news contributes importantly to return variability. Cash flow betas derived from this predictability are central to explaining the size effect in the cross section of returns. However, they do not explain the value effect; this is explained b...

  16. WORK COMPETENCES AT WESTERN BANK DISCOUNT

    Directory of Open Access Journals (Sweden)

    Haidee Coste

    2017-03-01

    Full Text Available The research aimed to identify the generic work competences in the staff of the Vice Presidency of Compensation and Development of the Western Bank Discount. Authors were consulted such as Alles (2008, Tobon (2006 and Hay Group (2004, among others. The research is descriptive, non-experimental, transactional and field design. The population consisted of twelve (12 subjects belonging to the vice presidency. It was applied a questionnaire of thirty (30 items, validated by the trial of three (3 experts, with 0.92 reliability by Cronbach alpha coefficient.  It is concluded the employees of the vice presidency have a high level of the generic work competences customer focus, teamwork, effective communication, innovation, emotional intelligence and making decisions. It is strength for the institution, because staff with those competences contributes doing the best for the development of the institution.

  17. Valuing companies by cash flow discounting: Ten methods and nine theories

    OpenAIRE

    Fernández , Pablo

    2002-01-01

    This paper is a summarized compendium of all the methods and theories on company valuation using cash flow discounting. The paper shows the ten most commonly used methods for valuing companies by cash flow discounting: 1) free cash flow discounted at the WACC; 2) equity cash flows discounted at the required return to equity; 3) capital cash flows discounted at the WACC before tax; 4) APV (Adjusted Present Value); 5) the business's risk-adjusted free cash flows discounted at the required retur...

  18. Equivalence of the different discounted cash flow valuation methods. Different alternatives for determining the discounted value of tax shields and their implications for the valuation

    OpenAIRE

    Fernández, Pablo

    1999-01-01

    This paper addresses the valuation of firms by cash flow discounting. The first part shows that the four most commonly used discounted cash flow valuation methods (free cash flow discounted at the WACC; cash flow available for equity holders discounted at the required return on the equity flows; capital cash flow discounted at the WACC before taxes; and Adjusted Present Value) always give the same value. This result is logical because all the methods analyse the same reality under the same hy...

  19. Discounting human lives: Uranium and global equity

    International Nuclear Information System (INIS)

    Goldman, B.A.

    1993-01-01

    Long-term, global environmental health risks complicate efforts to evaluate the efficiency and equity of economic activities from a public welfare perspective. This study sets out a practical framework based on the theory of neoclassical welfare economics for evaluating whether an economic activity yields such inefficient or inequitable net effects to justify government intervention from a variety of decision-making perspectives. It applies this empirical approach to the case of public policies that encouraged uranium production (the mining, milling, and refining of uranium ore) near Elliot Lake and Blind River in Northern Ontario. The analysis tests the two-fold hypothesis that if future negative externalities of production are considered along with past net effects, the these policies result in (1) an inefficient allocation of economic resources according to the potential Pareto criterion, and (2) an inequitable distribution of impacts according to Rawls' maximin criterion. The analytical framework to test these hypotheses has three parts: Risk-cost-benefit analysis, distributions analysis, and efficiency and equity analysis. Quantitative impacts are derived from empirical estimates of cost and benefit streams during 1956 to 1990, and modelled future cancer death costs. Net effects are aggregated to nine observations across three dimensions: Geographic, intergenerational, and social. Qualitative observations are provided about the boom-and-bust uranium economy, environmental burdens, and other unquantifiable impacts. The results illustrate how underlying normative assumptions overwhelm other aspects of efficiency and equity analyses of long-term, global environmental changes. These assumptions appear in discounting equations that ultimately derive from a priori allocations of rights to natural assets and corollary duties to protect such rights. More than two-thirds of the discounting scenarios yield inefficient outcomes and over ninety percent are inequitable

  20. Irrigation methods for efficient water application: 40 years of South ...

    African Journals Online (AJOL)

    The purpose of an irrigation system is to apply the desired amount of water, at the correct application rate and uniformly to the whole field, at the right time, with the least amount of non-beneficial water consumption (losses), and as economically as possible. We know that irrigated agriculture plays a major role in the ...

  1. An overview of soil water sensors for salinity & irrigation management

    Science.gov (United States)

    Irrigation water management has to do with the appropriate application of water to soils, in terms of amounts, rates, and timing to satisfy crop water demands while protecting the soil and water resources from degradation. Accurate irrigation management is even more important in salt affected soils ...

  2. Cognitive decline is associated with risk aversion and temporal discounting in older adults without dementia.

    Directory of Open Access Journals (Sweden)

    Bryan D James

    Full Text Available Risk aversion and temporal discounting are preferences that are strongly linked to sub-optimal financial and health decision making ability. Prior studies have shown they differ by age and cognitive ability, but it remains unclear whether differences are due to age-related cognitive decline or lower cognitive abilities over the life span. We tested the hypothesis that cognitive decline is associated with higher risk aversion and temporal discounting in 455 older persons without dementia from the Memory and Aging Project, a longitudinal cohort study of aging in Chicago. All underwent repeated annual cognitive evaluations using a detailed battery including 19 tests. Risk aversion was measured using standard behavioral economics questions: participants were asked to choose between a certain monetary payment versus a gamble in which they could gain more or nothing; potential gamble gains varied across questions. Temporal discounting: participants were asked to choose between an immediate, smaller payment and a delayed, larger one; two sets of questions addressed small and large stakes based on payment amount. Regression analyses were used to examine whether prior rate of cognitive decline predicted level of risk aversion and temporal discounting, controlling for age, sex, and education. Over an average of 5.5 (SD=2.9 years, cognition declined at an average of 0.016 units per year (SD=0.03. More rapid cognitive decline predicted higher levels of risk aversion (p=0.002 and temporal discounting (small stakes: p=0.01, high stakes: p=0.006. Further, associations between cognitive decline and risk aversion (p=0.015 and large stakes temporal discounting (p=0.026 persisted in analyses restricted to persons without any cognitive impairment (i.e., no dementia or mild cognitive impairment; the association of cognitive decline and small stakes temporal discounting was no longer statistically significant (p=0.078. These findings are consistent with the

  3. Cognitive decline is associated with risk aversion and temporal discounting in older adults without dementia.

    Science.gov (United States)

    James, Bryan D; Boyle, Patricia A; Yu, Lei; Han, S Duke; Bennett, David A

    2015-01-01

    Risk aversion and temporal discounting are preferences that are strongly linked to sub-optimal financial and health decision making ability. Prior studies have shown they differ by age and cognitive ability, but it remains unclear whether differences are due to age-related cognitive decline or lower cognitive abilities over the life span. We tested the hypothesis that cognitive decline is associated with higher risk aversion and temporal discounting in 455 older persons without dementia from the Memory and Aging Project, a longitudinal cohort study of aging in Chicago. All underwent repeated annual cognitive evaluations using a detailed battery including 19 tests. Risk aversion was measured using standard behavioral economics questions: participants were asked to choose between a certain monetary payment versus a gamble in which they could gain more or nothing; potential gamble gains varied across questions. Temporal discounting: participants were asked to choose between an immediate, smaller payment and a delayed, larger one; two sets of questions addressed small and large stakes based on payment amount. Regression analyses were used to examine whether prior rate of cognitive decline predicted level of risk aversion and temporal discounting, controlling for age, sex, and education. Over an average of 5.5 (SD=2.9) years, cognition declined at an average of 0.016 units per year (SD=0.03). More rapid cognitive decline predicted higher levels of risk aversion (p=0.002) and temporal discounting (small stakes: p=0.01, high stakes: p=0.006). Further, associations between cognitive decline and risk aversion (p=0.015) and large stakes temporal discounting (p=0.026) persisted in analyses restricted to persons without any cognitive impairment (i.e., no dementia or mild cognitive impairment); the association of cognitive decline and small stakes temporal discounting was no longer statistically significant (p=0.078). These findings are consistent with the hypothesis that

  4. Maximum Plant Uptakes for Water, Nutrients, and Oxygen Are Not Always Met by Irrigation Rate and Distribution in Water-based Cultivation Systems

    NARCIS (Netherlands)

    Blok, Chris; Jackson, Brian E.; Guo, Xianfeng; Visser, De Pieter H.B.; Marcelis, Leo F.M.

    2017-01-01

    Growing on rooting media other than soils in situ -i.e., substrate-based growing- allows for higher yields than soil-based growing as transport rates of water, nutrients, and oxygen in substrate surpass those in soil. Possibly water-based growing allows for even higher yields as transport rates of

  5. Assessing the changes of groundwater recharge / irrigation water use between SRI and traditional irrigation schemes in Central Taiwan

    Science.gov (United States)

    Chen, Shih-Kai; Jang, Cheng-Shin; Tsai, Cheng-Bin

    2015-04-01

    To respond to agricultural water shortage impacted by climate change without affecting rice yield in the future, the application of water-saving irrigation, such as SRI methodology, is considered to be adopted in rice-cultivation in Taiwan. However, the flooded paddy fields could be considered as an important source of groundwater recharge in Central Taiwan. The water-saving benefit of this new methodology and its impact on the reducing of groundwater recharge should be integrally assessed in this area. The objective of this study was to evaluate the changes of groundwater recharge/ irrigation water use between the SRI and traditional irrigation schemes (continuous irrigation, rotational irrigation). An experimental paddy field located in the proximal area of the Choushui River alluvial fan (the largest groundwater pumping region in Taiwan) was chosen as the study area. The 3-D finite element groundwater model (FEMWATER) with the variable boundary condition analog functions, was applied in simulating groundwater recharge process and amount under traditional irrigation schemes and SRI methodology. The use of effective rainfall was taken into account or not in different simulation scenarios for each irrigation scheme. The simulation results showed that there were no significant variations of infiltration rate in the use of effective rainfall or not, but the low soil moisture setting in deep soil layers resulted in higher infiltration rate. Taking the use of effective rainfall into account, the average infiltration rate for continuous irrigation, rotational irrigation, and SRI methodology in the first crop season of 2013 were 4.04 mm/day, 4.00 mm/day and 3.92 mm/day, respectively. The groundwater recharge amount of SRI methodology was slightly lower than those of traditional irrigation schemes, reducing 4% and 2% compared with continuous irrigation and rotational irrigation, respectively. The field irrigation requirement amount of SRI methodology was significantly

  6. ASPECTS OF DRIP IRRIGATION ON SLOPES

    Directory of Open Access Journals (Sweden)

    Oprea Radu

    2010-01-01

    Full Text Available Nowadays, water and its supply raise problems of strategic importance, of great complexity, being considered one of the keys to sustainable human development. Drip irrigation consists in the slow and controlled administration of water in the area of the root system of the plants for the purposes of fulfilling their physiological needs and is considered to be one of the variants of localized irrigation. Water is distributed in a uniform and slow manner, drop by drop, in a quantity and with a frequency that depend on the needs of the plant, thanks to the exact regulation of the water flow rate and pressure, as well as to the activation of the irrigation based on the information recorded by the tensiometer with regard to soil humidity. This method enables the exact dosage of the water quantity necessary in the various evolution stages of the plant, thus eliminating losses. By applying the irrigation with 5 liters of water per linear meter, at a 7 days interval, in the month of august, for a vine cultivated on a slope, in layers covered with black film and irrigated via dropping, soil humidity immediately after irrigation reaches its highest level, but within the limits of active humidity, on the line of the irrigation band. Three days later, the water content of the soil in the layer is relatively uniform, and, after this interval, it is higher in the points situated at the basis of the film. This technology of cultivation on slopes favors the accumulation, in the soil, of the water resulted from heavy rains and reduces soil losses as a result of erosion.

  7. Chemical colostomy irrigation with glyceryl trinitrate solution.

    Science.gov (United States)

    O'Bichere, A; Bossom, C; Gangoli, S; Green, C; Phillips, R K

    2001-09-01

    Colostomy irrigation may improve patient quality of life, but is time consuming. This study tests the hypothesis that irrigation with glyceryl trinitrate solution, by inducing gastrointestinal smooth muscle relaxation, may accelerate expulsion of stool by passive emptying, thereby reducing irrigation time. Fifteen colostomy irrigators(with more than 3 years' experience) performed washout with tap water compared with water containing 0.025 mg/kg glyceryl trinitrate. Fluid inflow time, total washout time, and hemodynamic changes occurring during glyceryl trinitrate irrigation were documented by an independent observer. Subjects recorded episodes of fecal leakage and overall satisfaction on a visual analog scale. Cramps, headaches, and whether or not a stoma bag was used were expressed as a percentage of number of irrigations. Comparison of fluid inflow time, total washout time, leakage, and satisfaction was by Wilcoxon's signed-rank test and headaches, cramps, and stoma bag use was by McNemar's test. Pulse rate (paired t-test), systolic and diastolic blood pressures (Wilcoxon's test) at 20 and 240 minutes after washout with glyceryl trinitrate solution were compared with baseline. Fifteen patients (9 female), with a mean age of 53 (31-73) years, provided 30 sessions (15 with water and 15 with glyceryl trinitrate). Medians (interquartile ranges) for water vs. glyceryl trinitrate were fluid inflow time 7 (4-10) vs. 4, (3-5; P = 0.001); total washout time 40 (30-55) vs. 21, (15-24; P colostomy irrigation time compared with the generally recommended tap water. Patients suffer fewer leakages and are highly satisfied, but side effects are potential drawbacks. Other colonoplegic agent solutions should now be evaluated.

  8. Drip irrigation using a PLC based adaptive irrigation system

    OpenAIRE

    Shahidian, S.; Serralheiro, R. P.; Teixeira, J. L.; Santos, F. L.; Oliveira, M. R. G.; Costa, J. L.; Toureiro, C.; Haie, Naim; Machado, R. M.

    2009-01-01

    Most of the water used by man goes to irrigation. A major part of this water is used to irrigate small plots where it is not feasible to implement full-scale Evapotranspiration based irrigation controllers. During the growth season crop water needs do not remain constant and varies depending on the canopy, growth stage and climate conditions such as temperature, wind, relative humidity and solar radiation. Thus, it is necessary to find an economic irrigation controller that can adapt the dail...

  9. Supply Chain Model with Stochastic Lead Time, Trade-Credit Financing, and Transportation Discounts

    Directory of Open Access Journals (Sweden)

    Sung Jun Kim

    2017-01-01

    Full Text Available This model extends a two-echelon supply chain model by considering the trade-credit policy, transportations discount to make a coordination mechanism between transportation discounts, trade-credit financing, number of shipments, quality improvement of products, and reduced setup cost in such a way that the total cost of the whole system can be reduced, where the supplier offers trade-credit-period to the buyer. For buyer, the backorder rate is considered as variable. There are two investments to reduce setup cost and to improve quality of products. The model assumes lead time-dependent backorder rate, where the lead time is stochastic in nature. By using the trade-credit policy, the model gives how the credit-period would be determined to achieve the win-win outcome. An iterative algorithm is designed to obtain the global optimum results. Numerical example and sensitivity analysis are given to illustrate the model.

  10. Equipamentos de pulverização aérea e taxas de aplicação de fungicida na cultura do arroz irrigado Spraying equipment and rates of fungicide application in irrigated rice

    Directory of Open Access Journals (Sweden)

    Tânia Bayer

    2011-02-01

    Full Text Available O controle eficiente de doenças na cultura do arroz irrigado depende da seleção correta do equipamento, da taxa de aplicação e da indicação certa do produto químico. O objetivo deste trabalho foi verificar a deposição de gotas na cultura do arroz comparando-se bicos hidráulicos no sistema convencional, eletrostático e atomizador rotativo de disco, em diferentes taxas de aplicação por via aérea; para tanto, foram estudadas a densidade e a penetração de gotas nos estratos médio e inferior, produtividade e rendimento de engenho do arroz. Os tratamentos avaliados foram: bico hidráulico 20 e 30 L ha-1, eletrostático 5 e 10 L ha-1 e atomizador rotativo de disco 6, 10 e 15 L ha-1. Não foram verificadas diferenças de produtividade e os equipamentos bico hidráulico 20 L ha-1 e atomizador rotativo de disco 15 L ha-1 proporcionaram maior rendimento de engenho. Maiores taxas de aplicação usando-se bicos hidráulicos e atomizador rotativo proporcionaram maior penetração e, consequentemente, também maior densidade de gotas nos dois estratos avaliados.The efficient chemical control in irrigated rice depends on the correct selection of equipment, rates of application and correct statement of the chemical product. The objective of this study was to evaluate the hydraulic nozzle equipment, electrostatic system and rotary-disk atomizer for aerial application of fungicides, relating to penetration and density of droplets with application rates and equipment in the middle and lower strata, in addition to the productivity and hulling yield in irrigated rice. The treatments were: nozzle hydraulic 20 and 30 L ha-1, electrostatic system 5 and 10 L ha-1, rotary-disk atomizer 6, 10 and 15 L ha-1. There was no difference in productivity and equipment hydraulic nozzle 20 L ha-1 and rotary-disk atomizer 15 L ha-1 showed a higher hulling yield. On average, higher rates had higher penetration and density in both the evaluated canopy strata.

  11. EOQ model for perishable products with price-dependent demand, pre and post discounted selling price

    Science.gov (United States)

    Santhi, G.; Karthikeyan, K.

    2017-11-01

    In this article we introduce an economic order quantity model for perishable products like vegetables, fruits, milk, flowers, meat, etc.,with price-dependent demand, pre and post discounted selling price. Here we consider the demand is depending on selling price and deterioration rate is constant. Here we developed mathematical model to determine optimal discounton the unit selling price to maximize total profit. Numerical examples are given for illustrated.

  12. Incomplete information and the closed-end fund discount

    OpenAIRE

    Barone-Adesi, Giovanni; Kim, Youngsoo

    2008-01-01

    We model the closed-end fund discount/premium in a version of Merton’s (1978) asset pricing model with incomplete information. In this economy, investors trade only assets which they “ know about” . The model generates a closed-end fund discount or premium, depending on risk-aversion parameters. The fund share price reverts to the net asset value on open-ending of the fund. The discount/premium is a result of two economic forces: (1) the fund manager’s objective is to maximize expected utilit...

  13. Where do we stand on discounts? - A Danish perspective

    DEFF Research Database (Denmark)

    Bergqvist, Christian

    The dominant undertaking’s ability to award discounts and other loyalty inducing considerations are subject to much ambiguity and many unsettled issues. Despite discounts being a commercial requirement, even for the dominant undertaking, it’s difficult to draw up clear principles, and while...... the approach to non-dominant undertaking’s restriction of competition has been fundamentally recast over the last 20 years, the appraisal of single company behaviour remains more formal and rigid. However, there have recently been indications that some of the same leniency might have been extended to discounts...

  14. Where Do We Stand on Discounts? - A Nordic Perspective

    DEFF Research Database (Denmark)

    Bastida, Vladimir; Ballebye Okholm, Henrik; Pedersen, Torben

    Dominant undertakings’ ability, under competition law, to award discounts and other loyalty inducing considerations are subject to much ambiguity and unsettled issues. Despite discounts being a commercial requirement, even for the dominant undertaking, it is difficult to draw up clear principles....... to dis-counts and unilateral behaviour and in particular the 2017 Court of Justice rul-ing in Intel has reopened the discussions. The objective of this book is to pro-vide guidance on the matter under EU and Nordic competition law and to align these with economic theory....

  15. Evolution of Corn Transpiration and Leaf Water Potential During Sprinkler Irrigation

    OpenAIRE

    Martínez-Cob, Antonio; Fernández-Navajas, Julián; Durán, Víctor; Cavero Campo, José

    2009-01-01

    Corn (Zea mays L.) transpiration during daytime solid-set sprinkler irrigation was analyzed on two neighbouring subplots to determine the effect of the transpiration reduction on water application efficiency. During each irrigation event, one subplot was irrigated (moist treatment) while the other was not (dry treatment). Transpiration rates were determined at each subplot by the heat balance method (Dynamax Flow4 System) before, during and after the irrigations. During irri...

  16. An assessment of colostomy irrigation.

    Science.gov (United States)

    Laucks, S S; Mazier, W P; Milsom, J W; Buffin, S E; Anderson, J M; Warwick, M K; Surrell, J A

    1988-04-01

    One hundred patients with permanent sigmoid colostomies were surveyed to determine their satisfaction and success with the "irrigation" technique of colostomy management. Most patients who irrigate their colostomies achieve continence. Odors and skin irritation are minimized. The irrigation method is economical, time efficient, and allows a reasonably liberal diet. It avoids bulky appliances and is safe. In appropriately selected patients, the irrigation technique is the method of choice for management of an end-sigmoid colostomy.

  17. Discounting in agro-industrial complex. A methodological proposal for risk premium

    Directory of Open Access Journals (Sweden)

    Inmaculada Marques-Perez

    2017-04-01

    Full Text Available The estimation of the discount rate is decisive for a reliable economic valuation. The discount rate has to be adjusted for the risks related to the company, the sector which the company has its market, and the risks related to the investment project. We present a proposal to incorporate the risk premium to the discount rate. The novelty of the methodology is that difference risk groups according to activity as a factor to adjust the cost of capital to companies. The study applies the methodology to the Agro-Industrial Complex (AIC in Spain. The AIC is formed by industries that add value to farming production. This sector’s economic success demands financial management techniques that assess risk. The conventional method responds neither to the heterogeneity of the economic activities that make up the AIC, nor to differentiating risk by groups. The proposed methodology distinguishes activity groups in accordance with the NACE (National Code of Economic Activities and uses net profitability variability to distinguish the risk in each group. Our results demonstrate the various levels of risk per group. The results show that among all the groups that form the AIC there are wide differences between levels of risk; thus, the risk neutral groups present risk levels on the order of 150 times lower than the groups extreme risk levels.

  18. Discounting in agro-industrial complex. A methodological proposal for risk premium

    Energy Technology Data Exchange (ETDEWEB)

    Marques-Perez, I.; Guaita-Pradas, I.; Pérez-Salas, J.L.

    2017-09-01

    The estimation of the discount rate is decisive for a reliable economic valuation. The discount rate has to be adjusted for the risks related to the company, the sector which the company has its market, and the risks related to the investment project. We present a proposal to incorporate the risk premium to the discount rate. The novelty of the methodology is that difference risk groups according to activity as a factor to adjust the cost of capital to companies. The study applies the methodology to the Agro-Industrial Complex (AIC) in Spain. The AIC is formed by industries that add value to farming production. This sector’s economic success demands financial management techniques that assess risk. The conventional method responds neither to the heterogeneity of the economic activities that make up the AIC, nor to differentiating risk by groups. The proposed methodology distinguishes activity groups in accordance with the NACE (National Code of Economic Activities) and uses net profitability variability to distinguish the risk in each group. Our results demonstrate the various levels of risk per group. The results show that among all the groups that form the AIC there are wide differences between levels of risk; thus, the risk neutral groups present risk levels on the order of 150 times lower than the groups extreme risk levels.

  19. Discounting in agro-industrial complex. A methodological proposal for risk premium

    International Nuclear Information System (INIS)

    Marques-Perez, I.; Guaita-Pradas, I.; Pérez-Salas, J.L.

    2017-01-01

    The estimation of the discount rate is decisive for a reliable economic valuation. The discount rate has to be adjusted for the risks related to the company, the sector which the company has its market, and the risks related to the investment project. We present a proposal to incorporate the risk premium to the discount rate. The novelty of the methodology is that difference risk groups according to activity as a factor to adjust the cost of capital to companies. The study applies the methodology to the Agro-Industrial Complex (AIC) in Spain. The AIC is formed by industries that add value to farming production. This sector’s economic success demands financial management techniques that assess risk. The conventional method responds neither to the heterogeneity of the economic activities that make up the AIC, nor to differentiating risk by groups. The proposed methodology distinguishes activity groups in accordance with the NACE (National Code of Economic Activities) and uses net profitability variability to distinguish the risk in each group. Our results demonstrate the various levels of risk per group. The results show that among all the groups that form the AIC there are wide differences between levels of risk; thus, the risk neutral groups present risk levels on the order of 150 times lower than the groups extreme risk levels.

  20. Effects of episodic future thinking on discounting: Personalized age-progressed pictures improve risky long-term health decisions.

    Science.gov (United States)

    Kaplan, Brent A; Reed, Derek D; Jarmolowicz, David P

    2016-03-01

    Many everyday choices are associated with both delayed and probabilistic outcomes. The temporal attention hypothesis suggests that individuals' decision making can be improved by focusing attention on temporally distal events and implies that environmental manipulations that bring temporally distal outcomes into focus may alter an individual's degree of discounting. One such manipulation, episodic future thinking, has shown to lower discount rates; however, several questions remain about the applicability of episodic future thinking to domains other than delay discounting. The present experiments examine the effects of a modified episodic-future-thinking procedure in which participants viewed age-progressed computer-generated images of themselves and answered questions related to their future, on probability discounting in the context of both a delayed health gain and loss. Results indicate that modified episodic future thinking effectively altered individuals' degree of discounting in the predicted directions and demonstrate the applicability of episodic future thinking to decision making of socially significant outcomes. © 2015 Society for the Experimental Analysis of Behavior.

  1. Effects of Supplemental Irrigation on Yield and Growth Indices of Three

    Directory of Open Access Journals (Sweden)

    M. Parsa

    2012-04-01

    Full Text Available In order to investigate the effects of different irrigation regimes on yield and growth indices of three chickpea cultivars, an experiment was conducted during the 2007 growing season at Mashhad (Iran. Six irrigation regimes including I1; full irrigation, I2; irrigation at branching, I3; irrigation at flowering, I4; irrigation at pod formation, I5; irrigation at seed filling stage and I6; dry farming without irrigation (main factors. Three Kabuli chickpea cultivars ILC482, Jam, Karaj 12-60-31 (sub factors in a spilt block experiment based on randomized block design with three replications. There were significant differences between supplemental irrigation levels on grain yield. The results showed that grain yield in supplemental irrigation at flowering stage was more than to supplemental irrigation at branching, podding and seed filling stages (respectively 3.3, 3.1 and 23%. Within the three cultivars, grain yield, biological yield and harvest index were highest and lowest in ILC482 and Karaj 12-60-31 cultivars respectively. The results showed that supplemental irrigation at flowering stage increased dry matter, leaf area index, crop growth rate, relative growth rate and net assimilation rate. The results showed that flowering stage in chickpea cultivars was sensitive to drought stress so, ILC482 cultivar also showed more tolerance to water stress condition.

  2. Evaluating two irrigation controllers under subsurface drip irrigated tomato crop

    International Nuclear Information System (INIS)

    Al-Ghobari, H.M.; Mohammad, F.S.; El Marazky, M.S.A.

    2016-01-01

    Smart systems could be used to improve irrigation scheduling and save water under Saudi Arabia’s present water crisis scenario. This study investigated two types of evapotranspiration-based smart irrigation controllers, SmartLine and Hunter Pro-C2, as promising tools for scheduling irrigation and quantifying plants’ water requirements to achieve water savings. The effectiveness of these technologies in reducing the amount of irrigation water was compared with the conventional irrigation scheduling method as a control treatment. The two smart irrigation sensors were used for subsurface irrigation of a tomato crop (cv. Nema) in an arid region. The results showed that the smart controllers significantly reduced the amount of applied water and increased the crop yield. In general, the Hunter Pro-C2 system saved the highest amount of water and produced the highest crop yield, resulting in the highest water irrigation efficiency compared with the SmartLine controller and the traditional irrigation schedule. It can be concluded that the application of advanced scheduling irrigation techniques such as the Hunter controller under arid conditions can realise economic benefits by saving large amounts of irrigation water.

  3. Evaluating two irrigation controllers under subsurface drip irrigated tomato crop

    Energy Technology Data Exchange (ETDEWEB)

    Al-Ghobari, H.M.; Mohammad, F.S.; El Marazky, M.S.A.

    2016-07-01

    Smart systems could be used to improve irrigation scheduling and save water under Saudi Arabia’s present water crisis scenario. This study investigated two types of evapotranspiration-based smart irrigation controllers, SmartLine and Hunter Pro-C2, as promising tools for scheduling irrigation and quantifying plants’ water requirements to achieve water savings. The effectiveness of these technologies in reducing the amount of irrigation water was compared with the conventional irrigation scheduling method as a control treatment. The two smart irrigation sensors were used for subsurface irrigation of a tomato crop (cv. Nema) in an arid region. The results showed that the smart controllers significantly reduced the amount of applied water and increased the crop yield. In general, the Hunter Pro-C2 system saved the highest amount of water and produced the highest crop yield, resulting in the highest water irrigation efficiency compared with the SmartLine controller and the traditional irrigation schedule. It can be concluded that the application of advanced scheduling irrigation techniques such as the Hunter controller under arid conditions can realise economic benefits by saving large amounts of irrigation water.

  4. A social discounting model based on Tsallis’ statistics

    Science.gov (United States)

    Takahashi, Taiki

    2010-09-01

    Social decision making (e.g. social discounting and social preferences) has been attracting attention in economics, econophysics, social physics, behavioral psychology, and neuroeconomics. This paper proposes a novel social discounting model based on the deformed algebra developed in the Tsallis’ non-extensive thermostatistics. Furthermore, it is suggested that this model can be utilized to quantify the degree of consistency in social discounting in humans and analyze the relationships between behavioral tendencies in social discounting and other-regarding economic decision making under game-theoretic conditions. Future directions in the application of the model to studies in econophysics, neuroeconomics, and social physics, as well as real-world problems such as the supply of live organ donations, are discussed.

  5. Welcome to professional courtesy discounts: the medical community's pandora's box.

    Science.gov (United States)

    Winkler, A D

    1998-01-01

    Recent government regulations on fraud and abuse have transformed the tradition of professional courtesy discounts into a legal minefield threatening to explode on the uninformed medical provider. This paper offers an understanding of the issues involved and provider options.

  6. Online Discount Luxury: In Search of Guilty Customers

    Directory of Open Access Journals (Sweden)

    Dr. Nikolai Ostapenko

    2013-07-01

    Full Text Available Discount luxury sites mainly serve as online platform for the “flash sales” method, offering limited-time availability of high fashion, travel, home décor, and culinary bargains to its members. The idea of moving “sample sales” online was first realized on a European website, Vente-Privee.com, which now has more than 13 million customers. Following Gilt’s introduction in the United States, flash sales skyrocketed and led to the launching of many new sites, which have proved popular both with consumers seeking impressive discounts on luxury goods, and with exclusive brands wanting to unload their unsold stock quickly. Recently we found that many of the sites are going through the customer fatigue stage, and their further success requires more than just deep discounts. The article reviews possible new business strategies and models within discount luxury retail segment mainly based upon experience of the Gilt Groupe.

  7. Dual discounting in cost-benefit analysis for environmental impacts

    International Nuclear Information System (INIS)

    Kula, Erhun; Evans, David

    2011-01-01

    Discounting has been a long-established intertemporal efficiency tool in cost-benefit analysis which focuses on project selection at communal level with a view to maximising the social welfare. However, with the relentless growth in environmental stress that, in good parts, stems from investment projects the established criterion in discounting appears to be inadequate especially when environmental issues are taken into consideration. This paper looks at how dual focus on efficiency and sustainability can be achieved by using dual discounting, i.e. discounting environmental benefits separately and differently from other costs and benefits and applies this alternative criterion to an afforestation scheme in the United Kingdom which contains carbon sequestration in addition to timber benefits.

  8. A Rational Model of the Closed-End Fund Discount

    OpenAIRE

    Jonathan Berk; Richard Stanton

    2004-01-01

    The discount on closed-end funds is widely accepted as proof of investor irrationality. We show,however, that a parsimonious rational model can generate a discount that exhibits many of the characteristics observed in practice. The only required features of the model are that managers have (imperfectly observable) ability to generate excess returns; they sign long-term contracts guaranteeing them a fee each year equal to a fixed fraction of assets under management; and they can leave to earn ...

  9. Temporal discounting and emotional self-regulation in children with attention-deficit/hyperactivity disorder.

    Science.gov (United States)

    Utsumi, Daniel Augusto; Miranda, Mônica Carolina; Muszkat, Mauro

    2016-12-30

    Temporal Discounting (TD) reflects a tendency to discount a reward more deeply the longer its delivery is delayed. TD tasks and behavioral scales have been used to investigate 'hot' executive functions in ADHD. The present study analyzed TD task performance shown by ADHD and control groups for correlations with emotional self-regulation metrics from two scales, the Behavior Rating Inventory of Executive Functions (BRIEF) and the Child Behavior Checklist (CBCL). Children (ages 8-12) with ADHD (n=25) and controls (n=24) were assessed using material rewards (toys) for three types of task: Hypothetical (H); Hypothetical with temporal expectation (HTE); and Real (R). Between-group differences were found for the HTE task, on which the ADHD group showed a higher rate of discounting their favorite toy over time, especially at 10s and 20s. This was the only task on which performance significantly correlated with BRIEF metrics, thus suggesting associations between impulsivity and low emotional self-regulation, but no task was correlated with CBCL score. The conclusion is that tasks involving toys and HTE in particular may be used to investigate TD in children with ADHD and as a means of evaluating the interface between the reward system and emotional self-regulation. Copyright © 2016 Elsevier Ireland Ltd. All rights reserved.

  10. Impairment in delay discounting in schizophrenia and schizoaffective disorder but not primary mood disorders.

    Science.gov (United States)

    Brown, Hannah E; Hart, Kamber L; Snapper, Leslie A; Roffman, Joshua L; Perlis, Roy H

    2018-05-28

    A measure of planning and impulse control, the delay-discounting (DD) task estimates the extent to which an individual decreases the perceived value of a reward as the reward is delayed. We examined cross-disorder performance between healthy controls (n = 88), individuals with bipolar disorder (n = 23), major depressive disorder (n = 43), and primary psychotic disorders (schizophrenia and schizoaffective disorder; n = 51) on the DD task (using a $10 delayed larger reward), as well as the interaction of DD scores with other symptom domains (cognition, psychosis, and affect). We found that individuals with schizophrenia and schizoaffective disorder display significantly greater rates of discounting compared to healthy controls, while individuals with a primary mood disorder do not differ from healthy controls after adjustment for IQ. Further, impairment in working memory is associated with higher discounting rates among individuals with schizophrenia and schizoaffective disorder, but cognitive dysfunction alone does not account for the extent of impairment in DD. Taken together, these results suggest an impaired ability to plan for the future and make adaptive decisions that are specific to individuals with psychotic disorders, and likely related to adverse functional outcomes. More generally, this work demonstrates the presence of variation in impulsivity across major psychiatric illnesses, supporting the use of a trans-diagnostic perspective.

  11. Evaluation of 14 winter bread wheat genotypes in normal irrigation ...

    African Journals Online (AJOL)

    Evaluation of 14 winter bread wheat genotypes in normal irrigation and stress conditions after anthesis stage. ... African Journal of Biotechnology ... Using biplot graphic method, comparison of indices amounts and mean rating of indices for ...

  12. A novel multi-item joint replenishment problem considering multiple type discounts.

    Directory of Open Access Journals (Sweden)

    Ligang Cui

    Full Text Available In business replenishment, discount offers of multi-item may either provide different discount schedules with a single discount type, or provide schedules with multiple discount types. The paper investigates the joint effects of multiple discount schemes on the decisions of multi-item joint replenishment. In this paper, a joint replenishment problem (JRP model, considering three discount (all-unit discount, incremental discount, total volume discount offers simultaneously, is constructed to determine the basic cycle time and joint replenishment frequencies of multi-item. To solve the proposed problem, a heuristic algorithm is proposed to find the optimal solutions and the corresponding total cost of the JRP model. Numerical experiment is performed to test the algorithm and the computational results of JRPs under different discount combinations show different significance in the replenishment cost reduction.

  13. Delay discounting, treatment motivation and treatment retention among substance-dependent individuals attending an in inpatient detoxification program

    NARCIS (Netherlands)

    Stevens, Laura; Verdejo-García, Antonio; Roeyers, Herbert; Goudriaan, Anna E.; Vanderplasschen, Wouter

    2015-01-01

    Recent studies consistently indicate high rates of delay discounting in drug users, which refers to a strong tendency to devaluate delayed rewards. Many addiction treatment programs however, place high demands on the ability to postpone immediate gratification. Therefore, these programs may be

  14. Clinical value of colonic irrigation in patients with continence disturbances.

    Science.gov (United States)

    Briel, J W; Schouten, W R; Vlot, E A; Smits, S; van Kessel, I

    1997-07-01

    considered the treatment as a major improvement to the quality of their lives. If patients who discontinued treatment because of washout-related problems are included in the assessment of final outcome, the success rate is 79 and 38 percent respectively. Patients with fecal soiling benefit more from colonic irrigation than patients with incontinence for liquid or solid stools. If creation of a stoma is considered, especially in patients with intractable and disabling soiling, it might be worthwhile to treat these patients first by colonic irrigation.

  15. Optimized Subsurface Irrigation System: The Future of Sugarcane Irrigation

    Directory of Open Access Journals (Sweden)

    M. H. J. P. Gunarathna

    2018-03-01

    Full Text Available Climate change may harm the growth and yield of sugarcane (Saccharum officinarum L. without the introduction of appropriate irrigation facilities. Therefore, new irrigation methods should be developed to maximize water use efficiency and reduce operational costs. OPSIS (optimized subsurface irrigation system is a new solar-powered automatic subsurface irrigation system that creates a phreatic zone below crop roots and relies on capillarity to supply water to the root zone. It is designed for upland crops such as sugarcane. We investigated the performance of OPSIS for irrigating sugarcane and evaluated its performance against sprinkler irrigation under subtropical conditions. We conducted field experiments in Okinawa, Japan, over the period from 2013 to 2016 and took measurements during spring- and summer-planted main crops and two ratoon crops of the spring-planted crop. Compared with sprinkler irrigation, OPSIS produced a significantly higher fresh cane yield, consumed less irrigation water and provided a higher irrigation water use efficiency. We conclude that OPSIS could be adopted as a sustainable solution to sugarcane irrigation in Okinawa and similar environments.

  16. Time discounting and pain anticipation. Experimental evidence

    Directory of Open Access Journals (Sweden)

    Brañas Garza, Pablo

    2012-03-01

    Full Text Available This paper deals with pain anticipation experienced before medical procedures. our experimental results show that individuals with lower time discount factors are more prone to suffer pain in advance. We provide a framework to rationalize the connection between pain anticipation and impatience. in this set up, more impatient subjects, who only value very near events, mainly take into account the present negative effects of medical procedures (the costs, whereas more patient individuals have a net positive valuation of medical events, given that they are able to value both the cost incurred now and all the benefits to be accrued in the future.

    Este artículo trata de la anticipación del dolor experimentada antes de los procedimientos médicos. nuestros resultados experimentales muestran que los individuos con factor de descuento temporal más bajo son más proclives a sufrir dolor por adelantado. el artículo proporciona un marco en el que racionalizar la relación existente entre impaciencia y anticipación del dolor. en este marco, los sujetos más impacientes, que evalúan sólo los eventos muy próximos en el tiempo, focalizan su atención principalmente en los efectos negativos de los procedimientos médicos (sólo los costes, mientras que los individuos más pacientes tienen una valoración neta positiva de los actos médicos puesto que valoran tanto el coste en el que se incurre en el presente como los beneficios que se obtendrán en el futuro.

  17. Temperature-controlled irrigated tip radiofrequency catheter ablation

    DEFF Research Database (Denmark)

    Petersen, H H; Chen, X; Pietersen, Adrian

    1998-01-01

    INTRODUCTION: In patients with ventricular tachycardias due to structural heart disease, catheter ablation cures radiofrequency ablation. Irrigated tip radiofrequency ablation using power control and high infusion rates enlarges lesion......: We conclude that temperature-controlled radiofrequency ablation with irrigated tip catheters using low target temperature and low infusion rate enlarges lesion size without increasing the incidence of cratering and reduces coagulum formation of the tip....

  18. Intergenerational Justice: How Reasonable Man Discounts Climate Damage

    Directory of Open Access Journals (Sweden)

    Marc D. Davidson

    2012-01-01

    Full Text Available Moral philosophers and economists have evaluated the intergenerational problem of climate change by applying the whole gamut of theories on distributive justice. In this article, however, it is argued that intergenerational justice cannot imply the application of moral ideal theories to future generations. The formal principle of equality simply requires us to treat like cases as like. If intergenerational justice is to have any meaning, it would require future generations to receive the same treatment under the law and the same treatment from the authorities, as far as cases are like. In the context of climate change, the reasonable man standard from tort law is of particular relevance. There is no justification to handle pollution across generational boundaries according to norms which differ from the (international laws for handling pollution across national borders. It is argued that this implies, for example, that a zero social rate of time preference should be used in cost-benefit analysis of climate policy: climate damage experienced by future generations should be discounted neither for their higher expected wealth, nor purely for their being remote.

  19. Definição da taxa de infiltração para dimensionamento de sistemas de irrigação por aspersão Definition of the infiltration rate for the design of sprinkle irrigation systems

    Directory of Open Access Journals (Sweden)

    Carlos B. M. Calheiros

    2009-12-01

    Full Text Available Objetivou-se, neste trabalho, determinar, dentre as técnicas nele utilizadas, a mais adequada para a definição da taxa de infiltração visando ao dimensionamento de sistemas de irrigação por aspersão. Obtiveram-se os dados de infiltração de água no solo segundo uma malha com espaçamentos variáveis entre pontos de ensaios de infiltração de 1,5; 3; 6; 12; 24; 48 e 96 m, totalizando 97 pontos de ensaio. As discussões relativas aos resultados obtidos pelas técnicas de definição - moda, média harmônica, mediana, média geométrica, média aritmética simples, média quadrática, média cúbica e média biquadrática, foram alicerçadas em um número maior de atributos, tais como: técnicas de análises estatísticas clássicas e geoestatísticas. O modelo de equação que descreve a taxa de infiltração utilizada foi a de Kostiakov. A média aritmética simples, consagrada como a técnica mais utilizada para definição da taxa de infiltração para dimensionamentos, não deve ser utilizada, sendo a mediana e a média geométricas mais recomendadas em cultivos com cana-de-açúcar; contudo, a mediana apresentou um número maior de atributos desejáveis. Na área estudada o valor da taxa de infiltração para dimensionamentos deve ser adotado entre 30 e 44 mm h-1, em se tratando da Md ± s² (.The aim of this research was to determine which technique is the most appropriate for the infiltration rate definition for the design of sprinkler irrigation systems. The water infiltration data was obtained according to a net having variable spaces between infiltration test points of 1.5, 3, 6, 12, 24, 48 and 96 m, summing 97 test points. The discussions of results obtained by means of definition techniques, i.e. mode, harmonic mean, median, geometric mean, and simple arithmetic mean, square mean, cubic mean and bisquare were based on a larger number of attributes, such as techniques for classical statistics and geostatistical analysis. The

  20. Portable photovoltaic irrigation pumps

    Energy Technology Data Exchange (ETDEWEB)

    Furber, J. D.

    1980-07-01

    Experiences in developing a solar-powered irrigation pump to meet the needs of poor farmers in developing nations are summarized. The design which evolved is small and portable, employing a high-efficiency electric pump, powered by photovoltaic panels. Particular emphasis is placed on how the system works, and on early field problems experienced with the first prototypes. The resolution of these problems and the performance of actual systems in various countries is presented and user responses are noted.

  1. I want it and I want it now: using a temporal discounting paradigm to examine predictors of consumer impulsivity.

    Science.gov (United States)

    Dittmar, Helga; Bond, Rod

    2010-11-01

    This paper proposes a new model of consumer impulsivity, using type of good, a person's endorsement of materialistic values, and identity deficits as predictors. Traditional decision making and psychological accounts see impulsive behaviour as a general overweighing of short-term gratification (I want that dress now) relative to longer-term concerns, irrespective of consumer good. Our proposal is that consumers' impulsivity (a) differs according to type of good and (b) is linked systematically to a combination of materialistic values and high identity deficits. Beginning with Study 1, three experiments, using a temporal discounting paradigm, show consistently that discount rates are higher for goods that are seen as highly expressive of identity (e.g., clothes) than goods not expressive of identity (e.g., basic body care products). For materialistic consumers, identity deficits predict discount rates for identity-expressive goods (Study 2), and discount rates change for materialistic individuals when their identity deficits are made salient (Study 3). These findings support a conceptualization of consumer impulsivity as identity-seeking behaviour.

  2. Narrative theory: II. Self-generated and experimenter-provided negative income shock narratives increase delay discounting.

    Science.gov (United States)

    Mellis, Alexandra M; Snider, Sarah E; Bickel, Warren K

    2018-04-01

    Reading experimenter-provided narratives of negative income shock has been previously demonstrated to increase impulsivity, as measured by discounting of delayed rewards. We hypothesized that writing these narratives would potentiate their effects of negative income shock on decision-making more than simply reading them. In the current study, 193 cigarette-smoking individuals from Amazon Mechanical Turk were assigned to either read an experimenter-provided narrative or self-generate a narrative describing either the negative income shock of job loss or a neutral condition of job transfer. Individuals then completed a task of delay discounting and measures of affective response to narratives, as well as rating various narrative qualities such as personal relevance and vividness. Consistent with past research, narratives of negative income shock increased delay discounting compared to control narratives. No significant differences existed in delay discounting after self-generating compared to reading experimenter-provided narratives. Positive affect was lower and negative affect was higher in response to narratives of job loss, but affect measures did not differ based on whether narratives were experimenter-provided or self-generated. All narratives were rated as equally realistic, but self-generated narratives (whether negative or neutral) were rated as more vivid and relevant than experimenter-provided narratives. These results indicate that the content of negative income shock narratives, regardless of source, consistently drives short-term choices. (PsycINFO Database Record (c) 2018 APA, all rights reserved).

  3. [Irrigation in colostomies].

    Science.gov (United States)

    Campo, Juana; Lecona, Ana; Caparrós, M Rosario; Barbero, M Antonia; Javier Cerdán, F

    2002-01-01

    The degree of acceptation of irrigation from a colostomy varies ostensibly from some cases to others, therefore, we study what occurs in our medium, separating those patients which have previously undergone other procedures (Group A) from those patients who have been informed and trained about the immediate postoperative period (Group B). 48 patients, 22 or 46% of these patients were considered not apt for irrigation. Of the 26 to whom this procedure was proposed, 14 or 54% accepted. Of these, 5 or 36% abandoned its use while 9 continued its use; this is 64% of those who accepted this procedure, 35% of those to whom it was proposed and 19% of the total study group. 189 patients. This procedure was not recommended to 95 patients, 50%. Of the 94 patients to whom this procedure was proposed, 65 or 69% accepted. Of these, 22 or 34% abandoned its use while 43 continued its use; this is 66% of those; who accepted this procedure, 46% of those to whom it was proposed and 23% of the total study group. In our medium, the practice of irrigation oscillates between 19 and 23% of patients who have undergone a colostomy, without any significant difference referring to the moment when a patient started this procedure. A first report on this study was submitted in the III National Congress for Nursing in Colostomies.

  4. ROOT CANAL IRRIGANTS AND IRRIGATION TECHNIQUES: A REVIEW

    OpenAIRE

    Aniketh; Mohamed; Geeta; Nandakishore; Gourav Kumar; Patrick Timothy; Jayson Mathew; Sahle Abdul

    2015-01-01

    Root canal irrigation is not much emphasised in endodontic therapy. Most articles discussed are on root canal shaping and obturation not much emphasis is given for irrigation. There are many irrigation solutions which are introduced into market. The primary objective of root canal therapy is the ret ention of the pulpless or pulpally involved tooth with its associated periapical tissues in a healthy state. Achievement of this objective requires that the pulpal spaces and con...

  5. Biased and less sensitive: A gamified approach to delay discounting in heroin addiction.

    Science.gov (United States)

    Scherbaum, Stefan; Haber, Paul; Morley, Kirsten; Underhill, Dylan; Moustafa, Ahmed A

    2018-03-01

    People with addiction will continue to use drugs despite adverse long-term consequences. We hypothesized (a) that this deficit persists during substitution treatment, and (b) that this deficit might be related not only to a desire for immediate gratification, but also to a lower sensitivity for optimal decision making. We investigated how individuals with a history of heroin addiction perform (compared to healthy controls) in a virtual reality delay discounting task. This novel task adds to established measures of delay discounting an assessment of the optimality of decisions, especially in how far decisions are influenced by a general choice bias and/or a reduced sensitivity to the relative value of the two alternative rewards. We used this measure of optimality to apply diffusion model analysis to the behavioral data to analyze the interaction between decision optimality and reaction time. The addiction group consisted of 25 patients with a history of heroin dependency currently participating in a methadone maintenance program; the control group consisted of 25 healthy participants with no history of substance abuse, who were recruited from the Western Sydney community. The patient group demonstrated greater levels of delay discounting compared to the control group, which is broadly in line with previous observations. Diffusion model analysis yielded a reduced sensitivity for the optimality of a decision in the patient group compared to the control group. This reduced sensitivity was reflected in lower rates of information accumulation and higher decision criteria. Increased discounting in individuals with heroin addiction is related not only to a generally increased bias to immediate gratification, but also to reduced sensitivity for the optimality of a decision. This finding is in line with other findings about the sensitivity of addicts in distinguishing optimal from nonoptimal choice options.

  6. Exposure to Sexual Stimuli Induces Greater Discounting Leading to Increased Involvement in Cyber Delinquency Among Men.

    Science.gov (United States)

    Cheng, Wen; Chiou, Wen-Bin

    2018-02-01

    People frequently encounter sexual stimuli during Internet use. Research has shown that stimuli inducing sexual motivation can lead to greater impulsivity in men, as manifested in greater temporal discounting (i.e., a tendency to prefer smaller, immediate gains to larger, future ones). Extant findings in crime research suggest that delinquents tend to focus on short-term gains while failing to adequately think through the longer-term consequences of delinquent behavior. We experimentally tested the possibility that exposure to sexual stimuli is associated with the tendency to engage in cyber delinquency among men, as a result of their overly discounting remote consequences. In Experiment 1, participants exposed to pictures of "sexy" women were more likely to discount the future and were more inclined to make cyber-delinquent choices (e.g., cyberbullying, cyber fraud, cyber theft, and illegal downloading), compared with male participants who rated the sex appeal of less sexy opposite-sex pictures. However, these relationships were not observed in female participants exposed to either highly or less sexy pictures of men. In Experiment 2, male participants exposed to sexual primes showed a greater willingness to purchase a wide range of counterfeit rather than authentic products online and experienced a higher likelihood of logging into the other person's Facebook webpage (i.e., invading online privacy). The discounting tendency mediated the link between exposure to sexual primes and the inclination to engage in cyber-delinquent behavior. These findings provide insight into a strategy for reducing men's involvement in cyber delinquency; that is, through less exposure to sexual stimuli and promotion of delayed gratification. The current results suggest that the high availability of sexual stimuli in cyberspace may be more closely associated with men's cyber-delinquent behavior than previously thought.

  7. Practical salinity management for leachate irrigation to poplar trees.

    Science.gov (United States)

    Smesrud, Jason K; Duvendack, George D; Obereiner, James M; Jordahl, James L; Madison, Mark F

    2012-01-01

    Landfill leachate can be beneficially reused for irrigation of fiber crops with appropriate attention to nutrient and salinity management. The Riverbend Landfill in Western Oregon has been effectively practicing irrigation of landfill leachate to poplar trees since 1993. Over that time, the site has been adaptively managed to control salinity impacts to the tree crop while beneficially utilizing the applied water and nutrients during each growing season. Representative leachate irrigation water has ranged in concentration of total dissolved solids from 777 to 6,940 mg/L, chloride from 180 to 1,760 mg/L and boron from 3.2 to 7.3 mg/L. Annual leachate irrigation applications have also ranged between 102 and 812 mm/yr. Important conclusions from this site have included: 1) Appropriate tree clone selection and tree stand spacing, thinning, and harvest rotations are critical to maintaining a productive tree stand that is resilient and resistant to salt stress. The most effective combinations have included clones DN-34, OP-367, 184-411, 49-177, and 15-29 planted at spacing of 3.7-m x 1.8-m to 3.7-m x 3.7-m; 2) Leaf tissue boron levels are closely correlated to soil boron levels and can be managed with leaching. When leaf tissue boron levels exceed 200 to 250 mg/kg, signs of salt stress may emerge and should be monitored closely; 3) Salinity from leachate irrigation can be managed to sustain a healthy tree crop by controlling mass loading rates and providing appropriate irrigation blending if necessary. Providing freshwater irrigation following each leachate irrigation and targeting freshwater irrigation as 30 percent of total irrigation water applied has successfully controlled salt impacts to vegetation; and 4) Drip irrigation generally requires more careful attention to long-term soil salinity management than spray irrigation. Moving drip irrigation tubes periodically to prevent the formation of highly saline zones within the soil profile is important. In this paper, a

  8. Making the user visible: analysing irrigation practices and farmers’ logic to explain actual drip irrigation performance

    NARCIS (Netherlands)

    Benouniche, M.; Kuper, M.; Hammani, A.; Boesveld, H.

    2014-01-01

    The actual performance of drip irrigation (irrigation efficiency, distribution uniformity) in the field is often quite different from that obtained in experimental stations. We developed an approach to explain the actual irrigation performance of drip irrigation systems by linking measured

  9. THE SECULAR INFLUENCE OF THE RATE OF REFERENCE ON THE ECONOMIC POLICIES

    Directory of Open Access Journals (Sweden)

    Emilian M.DOBRESCU

    2005-12-01

    Full Text Available Having as starting point Radu Stoenescu’s book with respect to discount, and the difficulty in defining discount, we pursue to clarify this category and other associated ones, such as reference rate, discount rate, re-discount and its rate, in a historical and actual approach. The purpose is to demonstrate that the monetary policy about discount influences the economic policies and that is why it must be altered and guided in accordance with the changes of current economic-financial activity.

  10. Maximizing the Spread of Influence via Generalized Degree Discount.

    Science.gov (United States)

    Wang, Xiaojie; Zhang, Xue; Zhao, Chengli; Yi, Dongyun

    2016-01-01

    It is a crucial and fundamental issue to identify a small subset of influential spreaders that can control the spreading process in networks. In previous studies, a degree-based heuristic called DegreeDiscount has been shown to effectively identify multiple influential spreaders and has severed as a benchmark method. However, the basic assumption of DegreeDiscount is not adequate, because it treats all the nodes equally without any differences. To consider a general situation in real world networks, a novel heuristic method named GeneralizedDegreeDiscount is proposed in this paper as an effective extension of original method. In our method, the status of a node is defined as a probability of not being influenced by any of its neighbors, and an index generalized discounted degree of one node is presented to measure the expected number of nodes it can influence. Then the spreaders are selected sequentially upon its generalized discounted degree in current network. Empirical experiments are conducted on four real networks, and the results show that the spreaders identified by our approach are more influential than several benchmark methods. Finally, we analyze the relationship between our method and three common degree-based methods.

  11. Irrigation water management: Basic principles and applications

    OpenAIRE

    Ella, Victor B.

    2007-01-01

    This presentation defines the term, irrigation, as well as explains the common methods of irrigation in attempt to define the fundamental principles needed to wisely design an irrigation system. It outlines a typical drip irrigation set-up, and discusses management of an irrigation system, including water volume application suggestions. LTRA-5 (Agroforestry and Sustainable Vegetable Production)

  12. Agriculture Irrigation and Water Use

    OpenAIRE

    Bajwa, Rajinder S.; Crosswhite, William M.; Hostetler, John E.; Wright, Olivia W.; United States Department of Agriculture, Economic Research Service

    1992-01-01

    The 17 Western States, plus Arkansas, Florida, and Louisiana, account for 91 percent of all U.S. irrigated acreage, with the Western States alone contributing over 85 percent. This report integrates data on the distribution, characteristics, uses, and management of water resources from a wide variety of data sources. The report includes charts and tables on water use in irrigation; farm data comparing selected characteristics of irrigated and nonirrigated farms; and data on water applicatio...

  13. Comment 2 on workshop in economics - issues in benefit-cost analysis: Amplification channels and discounting long-term environmental damages

    International Nuclear Information System (INIS)

    Hanson, D.A.

    1992-01-01

    Many environmental problems have long-term effects. Acid rain has long-term effects on soils, forests, and exposed materials. Global climate change has even longer-term effects. This difference in timing - between the near-term cost of environmental protection and the long-term environmental effects - makes it difficult to conduct a cost-benefit analysis of any program designed to abate environmental damages. The rate at which to discount long-term environmental damages becomes a key question in comparisons of benefits and costs. This comment points out an important facet of the discounting issue. The discount rate for calculating the present value of future environmental benefits may be much lower than the rate of return on investment. Cost-benefit analysis is a framework in which to evaluate policies and decisions. Because global climate change is a complex problem, extensions of cost-benefit theory can be expected to add additional insights, particularly in the following areas: distinguishing distributional effects among nations, over time, and among generations; determining the rate of discount that is appropriate for long-term environmental damages and separating risk aspects from the rate of discount; and assessing amplification effects when policies involve large expenditures relative to the economy or when affected sectors are significant sectors of the economy

  14. Irrigation management of sigmoid colostomy.

    Science.gov (United States)

    Jao, S W; Beart, R W; Wendorf, L J; Ilstrup, D M

    1985-08-01

    Questionnaires were sent to 270 patients who had undergone abdominoperineal resection and sigmoid colostomy at the Mayo Clinic, Rochester, Minn, during the ten years from 1972 to 1982; 223 patients returned their questionnaires with evaluable data. Sixty percent of the patients were continent with irrigation, and 22% were incontinent with irrigation. Eighteen percent had discontinued irrigation for various reasons. The proportion continent was higher in women, younger patients, and previously constipated patients. A poorly constructed colostomy may cause acute angle, parastoma hernia, stomal prolapse, or stenosis and thus be the cause of failure of irrigation.

  15. Discount factor in planning decision of electric sector

    International Nuclear Information System (INIS)

    Becker, J.L.; Maurer, L.T.A.

    1990-01-01

    Researchers and technicians have been giving a lot of attention to the issue of discount factor in planning in the electric sector. In this paper we review the most important points under consideration, attempting to broaden the discussion and stimulate the creativity of the technicians involved with the sector. There appears to be an emerging consensus that the discount factor to be used must consider the capital costs associated with the main financial sources utilized. The traditional factor of 10% per year must be re-evaluated and augmented, in order to best reflect long range economical and financial conditions. The paper emphasizes the importance of the discount factor to several decisions made within the sector, including energy conservation. Because of the relevance of the topic to Brazil future, we strongly suggest the utilization of sensitivity analysis techniques. (author)

  16. Estimating irrigation water use in the humid eastern United States

    Science.gov (United States)

    Levin, Sara B.; Zarriello, Phillip J.

    2013-01-01

    Accurate accounting of irrigation water use is an important part of the U.S. Geological Survey National Water-Use Information Program and the WaterSMART initiative to help maintain sustainable water resources in the Nation. Irrigation water use in the humid eastern United States is not well characterized because of inadequate reporting and wide variability associated with climate, soils, crops, and farming practices. To better understand irrigation water use in the eastern United States, two types of predictive models were developed and compared by using metered irrigation water-use data for corn, cotton, peanut, and soybean crops in Georgia and turf farms in Rhode Island. Reliable metered irrigation data were limited to these areas. The first predictive model that was developed uses logistic regression to predict the occurrence of irrigation on the basis of antecedent climate conditions. Logistic regression equations were developed for corn, cotton, peanut, and soybean crops by using weekly irrigation water-use data from 36 metered sites in Georgia in 2009 and 2010 and turf farms in Rhode Island from 2000 to 2004. For the weeks when irrigation was predicted to take place, the irrigation water-use volume was estimated by multiplying the average metered irrigation application rate by the irrigated acreage for a given crop. The second predictive model that was developed is a crop-water-demand model that uses a daily soil water balance to estimate the water needs of a crop on a given day based on climate, soil, and plant properties. Crop-water-demand models were developed independently of reported irrigation water-use practices and relied on knowledge of plant properties that are available in the literature. Both modeling approaches require accurate accounting of irrigated area and crop type to estimate total irrigation water use. Water-use estimates from both modeling methods were compared to the metered irrigation data from Rhode Island and Georgia that were used to

  17. Assessment of Irrigation Water Quality and Suitability for Irrigation in ...

    African Journals Online (AJOL)

    A number of factors like geology, soil, effluents, sewage disposal and other environmental conditions in which the water stays or moves and interacts are among the factors that affect the quality of irrigation water. This study was conducted to determine the quality and suitability of different water sources for irrigation purpose ...

  18. Effect of irrigation on heavy metals content of wastewater irrigated ...

    African Journals Online (AJOL)

    There is an urgent need to educate farmers on the dangers of the presence of heavy metals in soils as well as the quality of irrigation water especially if it comes from tanning industries for increased crop production. Accordingly, soil and irrigation wastewater study was conducted to assess the concentrations of heavy ...

  19. Irrigation method does not affect wild bee pollinators of hybrid sunflower

    Directory of Open Access Journals (Sweden)

    Hillary Sardiñas

    2016-09-01

    Full Text Available Irrigation method has the potential to directly or indirectly influence populations of wild bee crop pollinators nesting and foraging in irrigated crop fields. The majority of wild bee species nest in the ground, and their nests may be susceptible to flooding. In addition, their pollination of crops can be influenced by nectar quality and quantity, which are related to water availability. To determine whether different irrigation methods affect crop pollinators, we compared the number of ground-nesting bees nesting and foraging in drip- and furrow-irrigated hybrid sunflower fields in the Sacramento Valley. We found that irrigation method did not impact wild bee nesting rates or foraging bee abundance or bee species richness. These findings suggest that changing from furrow irrigation to drip irrigation to conserve water likely will not alter hybrid sunflower crop pollination.

  20. Life Insurance and Annuity Demand under Hyperbolic Discounting

    Directory of Open Access Journals (Sweden)

    Siqi Tang

    2018-04-01

    Full Text Available In this paper, we analyse and construct a lifetime utility maximisation model with hyperbolic discounting. Within the model, a number of assumptions are made: complete markets, actuarially fair life insurance/annuity is available, and investors have time-dependent preferences. Time dependent preferences are in contrast to the usual case of constant preferences (exponential discounting. We find: (1 investors (realistically demand more life insurance after retirement (in contrast to the standard model, which showed strong demand for life annuities, and annuities are rarely purchased; (2 optimal consumption paths exhibit a humped shape (which is usually only found in incomplete markets under the assumptions of the standard model.

  1. The effect of future time perspective on delay discounting is mediated by the gray matter volume of vmPFC.

    Science.gov (United States)

    Guo, Yiqun; Chen, Zhiyi; Feng, Tingyong

    2017-07-28

    Although several previous studies have shown that individuals' attitude towards time could affect their intertemporal preference, little is known about the neural basis of the relation between time perspective (TP) and delay discounting. In the present study, we quantified the gray matter (GM) cortical volume using voxel-based morphometry (VBM) methods to investigate the effect of TP on delay discounting (DD) across two independent samples. For group 1 (102 healthy college students; 46 male; 20.40 ± 1.87 years), behavioral results showed that only Future TP was a significant predictor of DD, and higher scores on Future TP were related to lower discounting rates. Whole-brain analysis revealed that steeper discounting correlated with greater GM volume in the ventromedial prefrontal cortex (vmPFC) and ventral part of posterior cingulate cortex (vPCC). Also, GM volume of a cluster in the vmPFC was correlated with Future TP. Interestingly, there was an overlapping region in vmPFC that was correlated with both DD and Future TP. Region-of-interest analysis further indicated that the overlapping region of vmPFC played a partially mediating role in the relation between Future TP and DD in the other independent dataset (Group 2, 36 healthy college students; 14 male; 20.18±1.80 years). Taken together, our results provide a new perspective from neural basis for explaining the relation between DD and future TP. Copyright © 2017 Elsevier Ltd. All rights reserved.

  2. Estimating the Impact of Raising Prices and Eliminating Discounts on Cigarette Smoking Prevalence in the United States.

    Science.gov (United States)

    Marynak, Kristy L; Xu, Xin; Wang, Xu; Holmes, Carissa Baker; Tynan, Michael A; Pechacek, Terry

    2016-01-01

    The average retail price per pack of cigarettes is less than $6, which is substantially lower than the $10 per-pack target established in 2014 by the Surgeon General to reduce the smoking rate. We estimated the impact of three cigarette pricing scenarios on smoking prevalence among teens aged 12-17 years, young adults aged 18-25 years, and adults aged ≥26 years, by state: (1) $0.94 federal tax increase on cigarettes, as proposed in the fiscal year 2017 President's budget; (2) $10 per-pack retail price, allowing discounts; and (3) $10 per-pack retail price, eliminating discounts. We conducted Monte Carlo simulations to generate point estimates of reductions in cigarette smoking prevalence by state. We found that each price scenario would substantially reduce cigarette smoking prevalence. A $10 per-pack retail price eliminating discounts could result in 637,270 fewer smokers aged 12-17 years; 4,186,954 fewer smokers aged 18-25 years; and 7,722,460 fewer smokers aged ≥26 years. Raising cigarette prices and eliminating discounts could substantially reduce cigarette smoking prevalence as well as smoking-related death and disease.

  3. How Patients Experience Antral Irrigation

    Directory of Open Access Journals (Sweden)

    Karin Blomgren

    2015-01-01

    Full Text Available Background Antral irrigation earlier had an important role in the diagnosis and treatment of rhinosinusitis. Nowadays, it is often considered too unpleasant. However, the experience of patients of this procedure has been very seldom evaluated. Nor has the effect on pain in rhinosinusitis been evaluated. The aim of this study was to evaluate patients’ experience of discomfort and pain during antral irrigation. We also assessed facial pain caused by rhinosinusitis before the procedure and pain soon after the procedure. Methods Doctors and 121 patients completed their questionnaires independently after antral irrigation in a university clinic, in a private hospital, and at a communal health center. Results Patients experienced mild pain during antral irrigation (mean and median visual analog scale score: <3. Their experience of pain during antral irrigation was closely comparable to pain during dental calculus scaling. Facial pain assessed before antral irrigation decreased quickly after the procedure. Conclusions Antral irrigation was well tolerated as an outpatient procedure. The procedure seems to relieve facial pain caused by the disease quickly. The role of antral irrigation in the treatment of acute rhinosinusitis will need further investigation.

  4. Irrigation management in organic greenhouse

    NARCIS (Netherlands)

    Voogt, W.; Balendonck, J.; Berkelmans, R.; Enthoven, N.

    2017-01-01

    Irrigation in protected cultivation is essential due to the absence of natural precipitation. High evapotranspiration, due to higher temperature and prolonged cropping period, requires ample an adequate supply of water. The water supply in a greenhouse is solely carried out by irrigation and thus

  5. Scintigraphic assessment of colostomy irrigation.

    Science.gov (United States)

    Christensen, P.; Olsen, N.; Krogh, K.; Laurberg, S.

    2002-09-01

    OBJECTIVE: This study aims to evaluate colonic transport following colostomy irrigation with a new scintigraphic technique. MATERIALS AND METHODS: To label the bowel contents 19 patients (11 uncomplicated colostomy irrigation, 8 complicated colostomy irrigation) took 111In-labelled polystyrene pellets one and two days before investigation. 99mTc-DTPA was mixed with the irrigation fluid to assess its extent within the bowel. Scintigraphy was performed before and after a standardized washout procedure. The colon was divided into three segments 1: the caecum andascending colon; 2: the transverse colon; 3: the descending and sigmoid colon. Assuming ordered evacuation of the colon, the contribution of each colonic segment to the total evacuation was expressed as a percentage of the original segmental counts. These were added to reach a total defaecation score (range: 0-300). RESULTS: In uncomplicated colostomy irrigation, the median defaecation score was 235 (range: 145-289) corresponding to complete evacuation of the descending and transverse colon and 35% evacuation of the caecum/ascending colon. In complicated colostomy irrigation it was possible to distinguish specific emptying patterns. The retained irrigation fluid reached the caecum in all but one patient. CONCLUSION: Scintigraphy can be used to evaluate colonic emptying following colostomy irrigation.

  6. Are There Infinite Irrigation Trees?

    Science.gov (United States)

    Bernot, M.; Caselles, V.; Morel, J. M.

    2006-08-01

    In many natural or artificial flow systems, a fluid flow network succeeds in irrigating every point of a volume from a source. Examples are the blood vessels, the bronchial tree and many irrigation and draining systems. Such systems have raised recently a lot of interest and some attempts have been made to formalize their description, as a finite tree of tubes, and their scaling laws [25], [26]. In contrast, several mathematical models [5], [22], [10], propose an idealization of these irrigation trees, where a countable set of tubes irrigates any point of a volume with positive Lebesgue measure. There is no geometric obstruction to this infinitesimal model and general existence and structure theorems have been proved. As we show, there may instead be an energetic obstruction. Under Poiseuille law R(s) = s -2 for the resistance of tubes with section s, the dissipated power of a volume irrigating tree cannot be finite. In other terms, infinite irrigation trees seem to be impossible from the fluid mechanics viewpoint. This also implies that the usual principle analysis performed for the biological models needs not to impose a minimal size for the tubes of an irrigating tree; the existence of the minimal size can be proven from the only two obvious conditions for such irrigation trees, namely the Kirchhoff and Poiseuille laws.

  7. Withdrawal-Related Changes in Delay Discounting Predict Short-Term Smoking Abstinence.

    Science.gov (United States)

    Miglin, Rickie; Kable, Joseph W; Bowers, Maureen E; Ashare, Rebecca L

    2017-06-01

    Impulsive decision making is associated with smoking behavior and reflects preferences for smaller, immediate rewards and intolerance of temporal delays. Nicotine withdrawal may alter impulsive decision making and time perception. However, little is known about whether withdrawal-related changes in decision making and time perception predict smoking relapse. Forty-five smokers (14 female) completed two laboratory sessions, one following 24-hour abstinence and one smoking-as-usual (order counterbalanced; biochemically verified abstinence). During each visit, participants completed measures of time perception, decision making (ie, discount rates), craving, and withdrawal. Following the second laboratory session, subjects underwent a well-validated model of short-term abstinence (quit week) with small monetary incentives for each day of biochemically confirmed abstinence. Smokers significantly overestimated time during abstinence, compared to smoking-as-usual (p = .021), but there were no abstinence effects on discount rates (p = .6). During the quit week, subjects were abstinent for 3.5 days (SD = 2.15) and smoked a total of 12.9 cigarettes (SD = 15.8). Importantly, higher discount rates (ie, preferences for immediate rewards) during abstinence (abstinence minus smoking difference score) predicted greater number of days abstinent (p = .01) and fewer cigarettes smoked during the quit week (p = .02). Withdrawal-related change in time reproduction did not predict relapse (p = .2). These data suggest that individuals who have a greater preference for immediate rewards during abstinence (vs. smoking-as-usual) may be more successful at maintaining short-term abstinence when provided with frequent (eg, daily) versus less frequent incentive schedules (eg, 1 month). Abstinence-induced changes in decision making may be important for identifying smokers who may benefit from interventions that incentivize abstinence such as contingency management (CM). The present results

  8. A comparison of probability of ruin and expected discounted utility ...

    African Journals Online (AJOL)

    Individuals in defined-contribution retirement funds currently have a number of options as to how to finance their post-retirement spending. The paper considers the ranking of selected annuitisation strategies by the probability of ruin and by expected discounted utility under different scenarios. 'Ruin' is defined as occurring ...

  9. Deriving the Dividend Discount Model in the Intermediate Microeconomics Class

    Science.gov (United States)

    Norman, Stephen; Schlaudraff, Jonathan; White, Karianne; Wills, Douglas

    2013-01-01

    In this article, the authors show that the dividend discount model can be derived using the basic intertemporal consumption model that is introduced in a typical intermediate microeconomics course. This result will be of use to instructors who teach microeconomics to finance students in that it demonstrates the value of utility maximization in…

  10. Age Differences in Future Orientation and Delay Discounting

    Science.gov (United States)

    Steinberg, Laurence; Graham, Sandra; O'Brien, Lia; Woolard, Jennifer; Cauffman, Elizabeth; Banich, Marie

    2009-01-01

    Age differences in future orientation are examined in a sample of 935 individuals between 10 and 30 years using a delay discounting task as well as a new self-report measure. Younger adolescents consistently demonstrate a weaker orientation to the future than do individuals aged 16 and older, as reflected in their greater willingness to accept a…

  11. 24 CFR 201.13 - Interest and discount points.

    Science.gov (United States)

    2010-04-01

    .... Interest on the loan shall accrue from the date of the loan, and shall be calculated on a simple interest... 24 Housing and Urban Development 2 2010-04-01 2010-04-01 false Interest and discount points. 201... TITLE I PROPERTY IMPROVEMENT AND MANUFACTURED HOME LOANS Loan and Note Provisions § 201.13 Interest and...

  12. MODERN INDICATORS DERIVED FROM VALUE CREATION AND DISCOUNTED

    Directory of Open Access Journals (Sweden)

    Cican Simona

    2013-07-01

    In this article, we will present the connection between discounted cash flow methods and the indicators derived from value creation, based on the business finance theory, which says that firm value will increase if projects with positive net present value are accepted, while it will be destroyed if projects with negative net present value are accepted.

  13. Relation between Time Perspective and Delay Discounting: A Literature Review

    Science.gov (United States)

    Teuscher, Ursina; Mitchell, Suzanne H.

    2011-01-01

    In this article, we examine the relation between delay discounting and future time perspective by reviewing how these concepts have been measured and quantified in order to assess their conceptual similarities. The extent to which the different measures are empirically related is reviewed by describing studies that have assessed both constructs…

  14. Gender-Specific Effects of Cognitive Load on Social Discounting.

    Science.gov (United States)

    Strombach, Tina; Margittai, Zsofia; Gorczyca, Barbara; Kalenscher, Tobias

    2016-01-01

    We live busy, social lives, and meeting the challenges of our complex environments puts strain on our cognitive systems. However, cognitive resources are limited. It is unclear how cognitive load affects social decision making. Previous findings on the effects of cognitive load on other-regarding preferences have been ambiguous, allowing no coherent opinion whether cognitive load increases, decreases or does not affect prosocial considerations. Here, we suggest that social distance between individuals modulates whether generosity towards a recipient increases or decreases under cognitive load conditions. Participants played a financial social discounting task with several recipients at variable social distance levels. In this task, they could choose between generous alternatives, yielding medium financial rewards for the participant and recipient at variable social distances, or between a selfish alternative, yielding larger rewards for the participant alone. We show that the social discount function of male participants was significantly flattened under high cognitive load conditions, suggesting they distinguished less between socially close and socially distant recipients. Unexpectedly, the cognitive-load effect on social discounting was gender-specific: while social discounting was strongly dependent on cognitive load in men, women were nearly unaffected by cognitive load manipulations. We suggest that cognitive load leads men, but not women to simplify the decision problem by neglecting the social distance information. We consider our study a good starting point for further experiments exploring the role of gender in prosocial choice.

  15. Market and Impact Study Setting Up MMX Discount Store

    OpenAIRE

    Sabina Irimie; Andreea Ionică; Virginia Băleanu; Cristina Osvath

    2008-01-01

    The paper is focused on the following elements of the impact study’s content: social and economic features of the area and the social, economic and commercial impact. Currently we witness the materialisation of the research’s results by setting up such a store MMX DISCOUNT in the town of Vulcan from the Jiu Valley

  16. College Students Discount Money "Won" More than Money "Owed"

    Science.gov (United States)

    Weatherly, Jeffrey N.; Derenne, Adam; Terrell, Heather K.

    2010-01-01

    Evidence in the research literature indicates people may treat "won" money differently than they would their own money. The present study had a sample of 648 college students complete a delay-discounting task that involved the hypothetical monetary amounts of $1,000 or $100,000. Participants were asked repeatedly what amount they would…

  17. Special discount to the members of the Staff Association

    CERN Multimedia

    Association du personnel

    2012-01-01

    FNAC 5% discount on gifts card available in four Swiss shops without any restriction. Gifts card on sale to the Staff Association Secretariat. TPG 50 CHF discount on annual subscriptions. Subscription « tout Genève » for adult: 650 CHF; for junior: 400 CHF. On sale to the Staff Association Secretariat. Théâtre de Carouge Discount of 5.-CHF for all shows (30.– CHF instead of 35.-CHF) and on season tickets « first performance » ( 132.– CHF instead 162.– CHF) and also on « classical » ( 150.– CHF instead of 180.– CHF) upon presentation of your Staff Association membership card before payment. Aquaparc Discounted prices on admission of whole day. Children from 5 to 15 years: 30.-CHF instead of 39.-CHF; Adults from 16 years: 36.-CHF instead of 49.-CHF. Tickets on sale to the Staff Association Secretariat. Go Sport 15% off on all purchases in the whole shop upon present...

  18. Irrigating The Environment

    Science.gov (United States)

    Adamson, D.

    2017-12-01

    Water insecurity and water inequality are international issues that reduce economic growth. Countries are adopting alternative approaches to rebalance the share of water between all users to mitigate economic loss for this and future generations. However, recent reforms have struggled to provide the necessary arguments to obtain political protection of the process. In the absence of proof, rent-seeking arguments have challenged the benefit of restoring environmental flows by arguing that policy design fails to maximise the environmental benefits. This is a problem in Australia's Murray-Darling Basin (MDB), where despite establishing 3,200GL of environmental water, the policy is still under threat. Applied water economic policy advice fails, when it does not deal with uncertainty. The state-contingent analysis approach can map how individual decision makers can adapt to alternative states of water supply (i.e. drought, normal and wet) by reallocating inputs to obtain state-described outputs. By modelling changes to the states, or the frequency of the states occurring, climate change can modelled, and decision management responses explored. By treating the environment as another set of production systems, lessons learnt from managing perennial and annual agricultural production systems during the Millennium Drought in the MDB can be applied to explore the limits of irrigating the environment. The demand for water by a production system is a combination of state-general (must be irrigated every year e.g. perennial crop or permanent wetland) and state specific inputs (irrigate in response to the realise state). In simple terms, the greater the component of state-general water requirements a production system has, the less resilience it has when water supply is highly variable and if water is not available then production systems are irreversibly lost. While production systems that only need state-allocable water can adapt to alternative levels of scarcity without

  19. An Examination of The Transdiagnostic Role of Delay Discounting in Psychological Inflexibility and Mental Health Problems

    OpenAIRE

    Levin, Michael; Haeger, Jack; Ong, Clarissa W.; Twohig, Michael P.

    2018-01-01

    Delay discounting is a basic behavioral process that has been found to predict addictive behaviors, and more recently, other mental health problems. Acceptance and Commitment Therapy (ACT), is a transdiagnostic treatment that appears to alter delay discounting, possibly through reducing psychological inflexibility. The current study sought to further bridge research on delay discounting and ACT by examining the relation of delay discounting to a broad range of selfreported mental health probl...

  20. Tariff-Mediated Network Effects versus Strategic Discounting: Evidence from German Mobile Telecommunications

    OpenAIRE

    Zucchini, Leon; Claussen, Jörg; Trüg, Moritz

    2013-01-01

    Mobile telecommunication operators routinely charge subscribers lower prices for calls on their own network than for calls to other networks (on-net discounts). Studies on tariff-mediated network effects suggest this is due to large operators using on-net discounts to damage smaller rivals. Alternatively, research on strategic discounting suggests small operators use on-net discounts to advertise with low on-net prices. We test the relative strength of these effects using data on tariff setti...

  1. A comprehensive guide for designing more efficient irrigation systems with respect to application control

    Science.gov (United States)

    Khaddam, Issam; Schuetze, Niels

    2017-04-01

    The worldwide water scarcity problems are expected to aggravate due to the increasing population and the need to produce more food. Irrigated agriculture is considered the highest consumer of fresh water resources with a rate exceeds 70% of global consumption. Consequently, an improvement in the efficiency of all irrigation methods, such as furrow or drip irrigation, becomes more necessary and urgent. Therefore, a more precise knowledge about soil water distribution in the root zone and the water balance components is required. For this purpose and as a part of the SAPHIR project (Saxonian Platform for high Performance Irrigation), a 2D simulation- based study was performed with virtual field conditions. The study investigates the most important design parameters of many irrigation systems, such as irrigation intensity and duration, and shows there influence on the water distribution efficiency. Furthermore, three main soil textures are used to test the impact of the soil hydraulic properties on irrigation effectiveness. A numerous number of irrigation scenarios of each irrigation system was simulated using HYDRUS 2D. Thereafter, the results were digitally calculated, compiled and made available online in the so called "Irrigation Atlases". The irrigation atlases provide graphical results of the soil moisture and pressure head distributions in the root zone. Moreover, they contain detailed information of the water balance for all simulated scenarios. The most studies evaluate the irrigation water demands on local, regional or global scales and for that an efficient water distribution is required. In this context, the irrigation atlases can serve as a valuable tool for the implementation of planned irrigation measures.

  2. Sensing technologies for precision irrigation

    CERN Document Server

    Ćulibrk, Dubravko; Minic, Vladan; Alonso Fernandez, Marta; Alvarez Osuna, Javier; Crnojevic, Vladimir

    2014-01-01

    This brief provides an overview of state-of-the-art sensing technologies relevant to the problem of precision irrigation, an emerging field within the domain of precision agriculture. Applications of wireless sensor networks, satellite data and geographic information systems in the domain are covered. This brief presents the basic concepts of the technologies and emphasizes the practical aspects that enable the implementation of intelligent irrigation systems. The authors target a broad audience interested in this theme and organize the content in five chapters, each concerned with a specific technology needed to address the problem of optimal crop irrigation. Professionals and researchers will find the text a thorough survey with practical applications.

  3. The fluid mechanics of root canal irrigation.

    Science.gov (United States)

    Gulabivala, K; Ng, Y-L; Gilbertson, M; Eames, I

    2010-12-01

    Root canal treatment is a common dental operation aimed at removing the contents of the geometrically complex canal chambers within teeth; its purpose is to remove diseased or infected tissue. The complex chamber is first enlarged and shaped by instruments to a size sufficient to deliver antibacterial fluids. These irrigants help to dissolve dying tissue, disinfect the canal walls and space and flush out debris. The effectiveness of the procedure is limited by access to the canal terminus. Endodontic research is focused on finding the instruments and clinical procedures that might improve success rates by more effectively reaching the apical anatomy. The individual factors affecting treatment outcome have not been unequivocally deciphered, partly because of the difficulty in isolating them and in making the link between simplified, general experimental models and the complex biological objects that are teeth. Explicitly considering the physical processes within the root canal can contribute to the resolution of these problems. The central problem is one of fluid motion in a confined geometry, which makes the dispersion and mixing of irrigant more difficult because of the absence of turbulence over much of the canal volume. The effects of treatments can be understood through the use of scale models, mathematical modelling and numerical computations. A particular concern in treatment is that caustic irrigant may penetrate beyond the root canal, causing chemical damage to the jawbone. In fact, a stagnation plane exists beyond the needle tip, which the irrigant cannot penetrate. The goal is therefore to shift the stagnation plane apically to be coincident with the canal terminus without extending beyond it. Needle design may solve some of the problems but the best design for irrigant penetration conflicts with that for optimal removal of the bacterial biofilm from the canal wall. Both irrigant penetration and biofilm removal may be improved through canal fluid

  4. The fluid mechanics of root canal irrigation

    International Nuclear Information System (INIS)

    Gulabivala, K; Ng, Y-L; Gilbertson, M; Eames, I

    2010-01-01

    Root canal treatment is a common dental operation aimed at removing the contents of the geometrically complex canal chambers within teeth; its purpose is to remove diseased or infected tissue. The complex chamber is first enlarged and shaped by instruments to a size sufficient to deliver antibacterial fluids. These irrigants help to dissolve dying tissue, disinfect the canal walls and space and flush out debris. The effectiveness of the procedure is limited by access to the canal terminus. Endodontic research is focused on finding the instruments and clinical procedures that might improve success rates by more effectively reaching the apical anatomy. The individual factors affecting treatment outcome have not been unequivocally deciphered, partly because of the difficulty in isolating them and in making the link between simplified, general experimental models and the complex biological objects that are teeth. Explicitly considering the physical processes within the root canal can contribute to the resolution of these problems. The central problem is one of fluid motion in a confined geometry, which makes the dispersion and mixing of irrigant more difficult because of the absence of turbulence over much of the canal volume. The effects of treatments can be understood through the use of scale models, mathematical modelling and numerical computations. A particular concern in treatment is that caustic irrigant may penetrate beyond the root canal, causing chemical damage to the jawbone. In fact, a stagnation plane exists beyond the needle tip, which the irrigant cannot penetrate. The goal is therefore to shift the stagnation plane apically to be coincident with the canal terminus without extending beyond it. Needle design may solve some of the problems but the best design for irrigant penetration conflicts with that for optimal removal of the bacterial biofilm from the canal wall. Both irrigant penetration and biofilm removal may be improved through canal fluid

  5. Optimization of irrigation water in stone fruit and table grapes

    Science.gov (United States)

    de la Rosa, Jose Mª; Castillo, Cristina; Temnani, Abdel; Pérez-Pastor, Alejandro

    2017-04-01

    In water scarcity areas, it must be highlighted that the maximum productions of the crops do not necessarily imply maximum profitability. Therefore, during the last years a special interest in the development of deficit irrigation strategies based on significant reductions of the seasonal ET without affecting production or quality has been observed. The strategies of regulated deficit irrigation (RDI) are based on the reduction of water supply during non critical periods, the covering of water needs during critical periods and maximizing, at the same time, the production by unit of applied water. The main objective of this experiment was to implement, demonstrate and disseminate a sustainable irrigation strategy based on deficit irrigation to promote its large scale acceptance and use in woody crops in Mediterranean agroecosystems, characterized by water scarcity, without affecting the quality standards demanded by exportation markets. Five demonstration plots were established in representative crops of the irrigating community of Campotejar (Murcia, Spain): i) Peach trees, cv. catherina in the "Periquitos" farm; ii) Apricot trees, cv. "Red Carlet" in "La Hoya del Fenazar" farm; iii) Nectarine trees, cv. Viowhite in "Agrícola Don Fernando" farm; iv) Table grape, cv "Crimson Seedless" in "La Hornera" farm; and v) Paraguayan cv. carioca in "The Hornera" farm. In each demonstration plot, at least two irrigation treatments were established: i) Control (CTL), irrigated to ensure non-limiting water conditions (120% of crop evapotranspiration) and ii) Regulated deficit irrigation (RDI) irrigated as CTL during critical periods and decreasing irrigation in non-critical periods. The plant water status indicators evaluated were midday stem water potential and Trunk Diameter Fluctuation derived indices: maximum daily shrinkage (MDS) and trunk daily growth rate (TGR); vegetative growth of the different crops from trunk diameter and pruning dry weight, fruit growth and fruit

  6. Distillation irrigation: a low-energy process for coupling water purification and drip irrigation

    Science.gov (United States)

    Constantz, J.

    1989-01-01

    A method is proposed for combining solar distillation and drip irrigation to simultaneously desalinize water and apply this water to row crops. In this paper, the basic method is illustrated by a simple device constructed primarily of sheets of plastic, which uses solar energy to distill impaired water and apply the distillate to a widely spaced row crop. To predict the performance of the proposed device, an empirical equation for distillate production, dp, is developed from reported solar still production rates, and a modified Jensen-Haise equation is used to calculate the potential evapotranspiration, et, for a row crop. Monthly values for et and dp are calculated by using a generalized row crop at five locations in the Western United States. Calculated et values range from 1 to 22 cm month-1 and calculated dp values range from 2 to 11 cm month-1, depending on the location, the month, and the crop average. When the sum of dp plus precipitation, dp + P, is compared to et for the case of 50% distillation irrigation system coverage, the results indicate that the crop's et is matched by dp + P, at the cooler locations only. However, when the system coverage is increased to 66%, the crop's et is matched by dp + P even at the hottest location. Potential advantages of distillation irrigation include the ability: (a) to convert impaired water resources to water containing no salts or sediments; and (b) to efficiently and automatically irrigate crops at a rate that is controlled primarily by radiation intensities. The anticipated disadvantages of distillation irrigation include: (a) the high costs of a system, due to the large amounts of sheeting required, the short lifetime of the sheeting, and the physically cumbersome nature of a system; (b) the need for a widely spaced crop to reduce shading of the system by the crop; and (c) the production of a concentrated brine or precipitate, requiring proper off-site disposal. ?? 1989.

  7. Colostomy irrigation: are we offering it enough?

    Science.gov (United States)

    Woodhouse, Fran

    This article discusses the use of irrigation for suitable colostomists and reasons why it can have a very positive effect on lifestyle. While it is evidence-based it also includes anecdotal tips from patients who irrigate. The suitability of patients to irrigate and ways to 'get started' with irrigation are discussed.

  8. Evaluation model development for sprinkler irrigation uniformity ...

    African Journals Online (AJOL)

    use

    Sprinkle and trickle irrigation. The. Blackburn Press, New Jersey, USA. Li JS, Rao MJ (1999). Evaluation method of sprinkler irrigation nonuniformity. Trans. CSAE. 15(4): 78-82. Lin Z, Merkley GP (2011). Relationships between common irrigation application uniformity indicators. Irrig Sci. Online First™, 27 January. 2011.

  9. Wireless sensor networks for irrigation management

    Science.gov (United States)

    Sustaining an adequate food supply for the world's population will require advancements in irrigation technology and improved irrigation management. Site-specific irrigation and automatic irrigation scheduling are examples of strategies to deal with declining arable land and limited fresh water reso...

  10. Seasonal effects of irrigation on land-atmosphere latent heat, sensible heat, and carbon fluxes in semiarid basin

    Science.gov (United States)

    Zeng, Yujin; Xie, Zhenghui; Liu, Shuang

    2017-02-01

    Irrigation, which constitutes ˜ 70 % of the total amount of freshwater consumed by the human population, is significantly impacting land-atmosphere fluxes. In this study, using the improved Community Land Model version 4.5 (CLM4.5) with an active crop model, two high-resolution (˜ 1 km) simulations investigating the effects of irrigation on latent heat (LH), sensible heat (SH), and carbon fluxes (or net ecosystem exchange, NEE) from land to atmosphere in the Heihe River basin in northwestern China were conducted using a high-quality irrigation dataset compiled from 1981 to 2013. The model output and measurements from remote sensing demonstrated the capacity of the developed models to reproduce ecological and hydrological processes. The results revealed that the effects of irrigation on LH and SH are strongest during summer, with a LH increase of ˜ 100 W m-2 and a SH decrease of ˜ 60 W m-2 over intensely irrigated areas. However, the reactions are much weaker during spring and autumn when there is much less irrigation. When the irrigation rate is below 5 mm day-1, the LH generally increases, whereas the SH decreases with growing irrigation rates. However, when the irrigation threshold is in excess of 5 mm day-1, there is no accrued effect of irrigation on the LH and SH. Irrigation produces opposite effects to the NEE during spring and summer. During the spring, irrigation yields more discharged carbon from the land to the atmosphere, increasing the NEE value by 0.4-0.8 gC m-2 day-1, while the summer irrigation favors crop fixing of carbon from atmospheric CO2, decreasing the NEE value by ˜ 0.8 gC m-2 day-1. The repercussions of irrigation on land-atmosphere fluxes are not solely linked to the irrigation amount, and other parameters (especially the temperature) also control the effects of irrigation on LH, SH, and NEE.

  11. An Investigation of the Basic Physics of Irrigation in Urology and the Role of Automated Pump Irrigation in Cystoscopy

    Directory of Open Access Journals (Sweden)

    Dwayne Chang

    2012-01-01

    Full Text Available Objective. To investigate the effects of height, external pressure, and bladder fullness on the flow rate in continuous, non-continuous cystoscopy and the automated irrigation fluid pumping system (AIFPS. Materials. Each experiment had two 2-litre 0.9% saline bags connected to a continuous, non-continuous cystoscope or AIFPS via irrigation tubing. Other equipment included height-adjustable drip poles, uroflowmetry devices, and model bladders. Methods. In Experiment 1, saline bags were elevated to measure the increment in flow rate. In Experiment 2, saline bags were placed under external pressures to evaluate the effect on flow rate. In Experiment 3, flow rate changes in response to variable bladder fullness were measured. Results. Elevating saline bags caused an increase in flow rates, however the increment slowed down beyond a height of 80 cm. Increase in external pressure on saline bags elevated flow rates, but inconsistently. A fuller bladder led to a decrease in flow rates. In all experiments, the AIFPS posted consistent flow rates. Conclusions. Traditional irrigation systems were susceptible to changes in height of irrigation solution, external pressure application, and bladder fullness thus creating inconsistent flow rates. The AIFPS produced consistent flow rates and was not affected by any of the factors investigated in the study.

  12. Generic drug discount programs: are prescriptions being submitted for pharmacy benefit adjudication?

    Science.gov (United States)

    Tungol, Alexandra; Starner, Catherine I; Gunderson, Brent W; Schafer, Jeremy A; Qiu, Yang; Gleason, Patrick P

    2012-01-01

      In 2006, pharmacies began offering select generic prescription drugs at discount prices (e.g., $4 for a 30-day supply) through nonmembership and membership programs. As part of the contract in membership generic drug discount programs, the member agrees to forgo submission of the claim to the insurance company. Claims not submitted for insurance adjudication may result in incomplete pharmacy benefit manager (PBM) and health plan data, which could negatively influence adherence reporting and clinical programs. To address potentially missing claims data, the Centers for Medicare Medicaid Services (CMS) encourages Medicare Part D sponsors to incentivize network pharmacies to submit claims directly to the plan for drugs dispensed outside of a member's Part D benefit, unless a member refuses. The extent of PBM and health plan claims capture loss due to generic drug discount programs is unknown. To identify changes in levothyroxine utilizers' prescription claims capture rate following the advent of generic drug discount membership and nonmembership programs. This retrospective concurrent cohort study used claims data from 3.5 million commercially insured members enrolled in health plans located in the central and southern United States with Prime Therapeutics pharmacy benefit coverage. Members were required to be 18 years or older and younger than 60 years as of January 1, 2006, and continuously enrolled from January 1, 2006, through December 31, 2010. Members utilizing generic levothyroxine for at least 120 days during January 1, 2006, through June 30, 2006 (baseline period) from the same pharmacy group with supply on July 1, 2006, were placed into 1 of 3 pharmacy groups: (1) nonmembership (Walmart, Sam's Club, Target, Kroger, City Market, and King Soopers pharmacies), (2) membership (Walgreens, CVS, Albertsons, and Savon pharmacies), or (3) the reference group of all other pharmacies. The index date was defined as July 1, 2006. The levothyroxine claim providing

  13. Field trials show the fertilizer value of nitrogen in irrigation water

    Directory of Open Access Journals (Sweden)

    Mike Cahn

    2017-04-01

    Full Text Available Increased regulatory activity designed to protect groundwater from degradation by nitrate-nitrogen (NO3-N is focusing attention on the efficiency of agricultural use of nitrogen (N. One area drawing scrutiny is the way in which growers consider the NO3-N concentration of irrigation water when determining N fertilizer rates. Four drip-irrigated field studies were conducted in the Salinas Valley evaluating the impact of irrigation water NO3-N concentration and irrigation efficiency on the N uptake efficiency of lettuce and broccoli crops. Irrigation with water NO3-N concentrations from 2 to 45 milligrams per liter were compared with periodic fertigation of N fertilizer. The effect of irrigation efficiency was determined by comparing an efficient (110% to 120% of crop evapotranspiration, ETc and an inefficient (160% to 200% of ETc irrigation treatment. Across these trials, NO3-N from irrigation water was at least as efficiently used as fertilizer N; the uptake efficiency of irrigation water NO3-N averaged approximately 80%, and it was not affected by NO3-N concentration or irrigation efficiency.

  14. The role of prospection in steep temporal reward discounting in gambling addiction

    Directory of Open Access Journals (Sweden)

    Antonius eWiehler

    2015-08-01

    Full Text Available Addiction and pathological gambling (PG have been consistently associated with high impulsivity and a steep devaluation of delayed rewards, a process that is known as temporal discounting (TD. Recent studies indicated that enhanced episodic future thinking (EFT results in less impulsive TD in healthy controls (HC. In a separate line of research, it has been suggested that non-linearities in time perception might contribute to reward devaluation during inter-temporal choice. Therefore, in addition to deficits in valuation processes and executive control, impairments in EFT and non-linearities in time perception have been hypothesized to contribute to steep TD in addiction. In this study, we explore such a potential association of impairments in EFT and time perception with steep TD in PG.We investigated 20 PGs and 20 matched HCs. TD was assessed via a standard computerized binary choice task. We measured EFT using a variation of the Autobiographical Memory Interview by Levine et al. (1. Time perception was assessed with a novel task, utilizing a non-linear rating procedure via circle-size adjustments.Groups did not differ in baseline EFT. In both groups, a power law accounted time perception best, and the degree of non-linearity in time perception correlated with discounting across groups. A multiple regression analysis across all predictors and covariates revealed that only group status (PG/HC and depression were significantly associated with discounting behavior such that PG increased TD and depression attenuated TD.Our findings speak against the idea that steep TD in PG is due to a skewed perception of time or impairments in EFT, at least under the present task conditions. The lack of overall group differences in EFT does not rule out the possibility of more complex interactions of EFT and decision-making. These interactions might be diminished in pathological gambling or addiction more generally, when other task configurations are used.

  15. Comparative analysis between the cost of energy for irrigation the production of Zoysia grass (Zoysia japonica Steud.); Analise comparativa entre os custos de energia na irrigacao para a producao da grama-esmeralda (Zoysia japonica Steud.)

    Energy Technology Data Exchange (ETDEWEB)

    Mazaroni, Bruno Henrique Silveira; Turco, Jose Eduardo Piteli; Coan, Ruchele Marchiori; Gerolineto, Eduardo [Universidade Estadual Paulista (FCAV/UNESP), Jaboticabal, SP (Brazil). Fac. de Ciencias Agrarias e Veterinarias. Dept. de Engenharia Rural

    2009-07-01

    This study analyzed the cost of energy (electrical and diesel) in the irrigated cultivation of zoysiagrass (Zoysia japonica Steud.) The research was conducted at Green-Park Farm, located in Pitangueiras, SP. It measured the consumption of diesel oil from a diesel engine, brand MWM, turbinate, 6 cylinder, and model D-229. The price of diesel oil was obtained from the Agencia Nacional do Petroleo (ANP). We studied the economic subtracting the result from the sale of zoysiagrass, the cost of consumption of diesel oil. It estimated the consumption of electric energy of a three-phase induction motor of 175 CV, WEG brand, coupled to a centrifugal pump Mark Peerless brand, model XHE-5A. To determine the energy expenditure was obtained the value of the rate with the Companhia Paulista de Forca e Luz (CPFL). A comparison of costs was performed by subtracting the economic result from the sale of grass in the cost of energy consumption. The 'Sistema Tarifario Grupo A Horo-Sazonal Verde e/ ou Azul', with special discount for irrigating at night was the lowest cost of electricity and by comparing the result of the economic costs of energy, the electrical system was more efficient in the use of fuel (diesel). (author)

  16. Impulsive social influence increases impulsive choices on a temporal discounting task in young adults.

    Directory of Open Access Journals (Sweden)

    Jodi M Gilman

    Full Text Available Adolescents and young adults who affiliate with friends who engage in impulsive behavior are more likely to engage in impulsive behaviors themselves, and those who associate with prosocial (i.e. more prudent, future oriented peers are more likely to engage in prosocial behavior. However, it is difficult to disentangle the contribution of peer influence vs. peer selection (i.e., whether individuals choose friends with similar traits when interpreting social behaviors. In this study, we combined a novel social manipulation with a well-validated delay discounting task assessing impulsive behavior to create a social influence delay discounting task, in which participants were exposed to both impulsive (smaller, sooner or SS payment and non-impulsive (larger, later or LL payment choices from their peers. Young adults in this sample, n = 51, aged 18-25 had a higher rate of SS choices after exposure to impulsive peer influence than after exposure to non-impulsive peer influence. Interestingly, in highly susceptible individuals, the rate of non-impulsive choices did not increase after exposure to non-impulsive influence. There was a positive correlation between self-reported suggestibility and degree of peer influence on SS choices. These results suggest that, in young adults, SS choices appear to be influenced by the choices of same-aged peers, especially for individuals who are highly susceptible to influence.

  17. Impulsive Social Influence Increases Impulsive Choices on a Temporal Discounting Task in Young Adults

    Science.gov (United States)

    Gilman, Jodi M.; Curran, Max T.; Calderon, Vanessa; Stoeckel, Luke E.; Evins, A. Eden

    2014-01-01

    Adolescents and young adults who affiliate with friends who engage in impulsive behavior are more likely to engage in impulsive behaviors themselves, and those who associate with prosocial (i.e. more prudent, future oriented) peers are more likely to engage in prosocial behavior. However, it is difficult to disentangle the contribution of peer influence vs. peer selection (i.e., whether individuals choose friends with similar traits) when interpreting social behaviors. In this study, we combined a novel social manipulation with a well-validated delay discounting task assessing impulsive behavior to create a social influence delay discounting task, in which participants were exposed to both impulsive (smaller, sooner or SS payment) and non-impulsive (larger, later or LL payment) choices from their peers. Young adults in this sample, n = 51, aged 18–25 had a higher rate of SS choices after exposure to impulsive peer influence than after exposure to non-impulsive peer influence. Interestingly, in highly susceptible individuals, the rate of non-impulsive choices did not increase after exposure to non-impulsive influence. There was a positive correlation between self-reported suggestibility and degree of peer influence on SS choices. These results suggest that, in young adults, SS choices appear to be influenced by the choices of same-aged peers, especially for individuals who are highly susceptible to influence. PMID:24988440

  18. Social interaction anxiety and the discounting of positive interpersonal events.

    Science.gov (United States)

    Vassilopoulos, Stephanos P; Banerjee, Robin

    2010-10-01

    Recent research has indicated that individuals with social interaction anxiety make biased interpretations of positive social interactions, with greater general apprehension in response to such events and more negative predictions about the future. There has also been some preliminary evidence for a second facet of interpretation bias, namely a failure to accept others' positive reactions at face value, but this has so far not been adequately studied. The present study developed a new measure of this "discounting" dimension and utilized a nonclinical sample of undergraduate students to provide an initial analysis of the scale. Results provide early support for the psychometric properties of our scale, and indicate that discounting mediates the relationship between social interaction anxiety and low positive affect, over and above the previously studied aspect of positive event interpretation bias. The implications for treatment interventions and further research are discussed.

  19. Three residual income valuation methods and discounted cash flow valuation

    OpenAIRE

    Fernandez, Pablo

    2003-01-01

    In this paper we show that the three residual Income models for equity valuation always yield the same value as the Discounted Cash Flow Valuation models. We use three residual income measures: Economic Profit, Economic Value Added (EVA) and Cash Value Added. We also show that economic profit and EVA are different, although Copeland, Koller and Murrin (2000, page 55) say that economic profit is a synonym of EVA. Specifically, we first show that the present value of the Economic Profit discoun...

  20. Watch for pitfalls of discounted cash flow techniques.

    Science.gov (United States)

    Chow, C W; McNamee, A H

    1991-04-01

    Discounted cash flow (DCF) techniques can enhance the effectiveness of a healthcare organization's capital budgeting decisions. But a financial manager unaware of common misapplications of DCF techniques may make capital decisions with a hidden bias against long-term projects, an inaccurate evaluation of options, or inappropriate estimations of expected inflation and risk. Social and psychological factors also can impede effective decisions on projects already introduced.

  1. Equivalence of ten different discounted cash flow valuation methods

    OpenAIRE

    Fernandez, Pablo

    2004-01-01

    This paper shows that ten methods of company valuation using discounted cash flows (WACC; equity cash flow; capital cash flow; adjusted present value; residual income; EVA; business's risk-adjusted equity cash flow; business's risk-adjusted free cash flow; risk-free-adjusted equity cash flow; and risk-free-adjusted free cash flow) always give the same value when identical assumptions are used. This result is logical, since all the methods analyze the same reality using the same assumptions; t...

  2. Hippocampus, delay discounting, and vicarious trial-and-error.

    Science.gov (United States)

    Bett, David; Murdoch, Lauren H; Wood, Emma R; Dudchenko, Paul A

    2015-05-01

    In decision-making, an immediate reward is usually preferred to a delayed reward, even if the latter is larger. We tested whether the hippocampus is necessary for this form of temporal discounting, and for vicarious trial-and-error at the decision point. Rats were trained on a recently developed, adjustable delay-discounting task (Papale et al. (2012) Cogn Affect Behav Neurosci 12:513-526), which featured a choice between a small, nearly immediate reward, and a larger, delayed reward. Rats then received either hippocampus or sham lesions. Animals with hippocampus lesions adjusted the delay for the larger reward to a level similar to that of sham-lesioned animals, suggesting a similar valuation capacity. However, the hippocampus lesion group spent significantly longer investigating the small and large rewards in the first part of the sessions, and were less sensitive to changes in the amount of reward in the large reward maze arm. Both sham- and hippocampus-lesioned rats showed a greater amount of vicarious trial-and-error on trials in which the delay was adjusted. In a nonadjusting version of the delay discounting task, animals with hippocampus lesions showed more variability in their preference for a larger reward that was delayed by 10 s compared with sham-lesioned animals. To verify the lesion behaviorally, rat were subsequently trained on a water maze task, and rats with hippocampus lesions were significantly impaired compared with sham-lesioned animals. The findings on the delay discounting tasks suggest that damage to the hippocampus may impair the detection of reward magnitude. © 2014 Wiley Periodicals, Inc.

  3. Evaluating intergenerational risks: Probabillity adjusted rank-discounted utilitarianism

    OpenAIRE

    Asheim, Geir B.; Zuber, Stéphane

    2015-01-01

    Climate policies have stochastic consequences that involve a great number of generations. This calls for evaluating social risk (what kind of societies will future people be born into) rather than individual risk (what will happen to people during their own lifetimes). As a response we propose and axiomatize probability adjusted rank-discounted critical-level generalized utilitarianism (PARDCLU), through a key axiom that requires that the social welfare order both be ethical and satisfy first...

  4. Coordinated research project of the use of nuclear and related techniques in assessment of irrigation schedules of field crops to increase effective use of water in irrigation projects

    International Nuclear Information System (INIS)

    Anac, M.S.; Tuzel, I.H.; Anac, D.

    1995-01-01

    The study aimed at determining the followings; water consumptions. irrigation water requirements of new cotton variety N 84; specific growth stages of cotton which are less sensitive to stress so that the irrigation could be avoided without significant yield decrease; and interactions between deficit irrigation and nitrogen fertilizer use. The experiment was set up with 6 irrigation and three nitrogen fertilizer (0.60 , 120 kg.ha sup -1 ) treatments. The irrigation treatments employed single stress at vegetative, flowering and boll formation stages, in addition to full irrigation, continuous stress and the traditional practice. In stress conditions available soil water depleted to 75 - 80 %, whereas in normal irrigation the depletion was 40 % in 0.90 m. of root zone. In full irrigation treatment 8 irrigations were applied, whereas 3 or 4 irrigations were needed in continuous stress conditions. The number of irrigations were 6 or 7 for other stress treatments. Irrigation water applications varied form 424 to 751 mm. Seasonal ET were ranged between 659 and 899 mm. The highest monthly ET in august for all of the treatments. Daily ET were found to vary from 2.2 to 12.1 mm/day. The seed cotton yields, ky values and yield - N indices have indicated that the vegetative state was more sensitive to water stress. The stress at boll formation stage had slight effects on these parameters. Under limited water resource conditions, vegetative growth period of cotton should be given preference for irrigation, followed by flowering period. Omitting irrigation in boll formation period would result in 4.3 to 9.1 % water savings. Yield changes with respect to N rates showed that high N doses are accompanied by high yields. Nitrogen recoveries either from fertilizers or soil revealed high uptakes in full irrigation conditions. Nitrogen use efficiencies were also high in these conditions. Average of three years put forth that 19% of N in stress conditions and 29% in full irrigation were

  5. Hoarders Only Discount Consumables and are More Patient for Money

    Directory of Open Access Journals (Sweden)

    Brian Donald Vickers

    2016-03-01

    Full Text Available Individuals with hoarding disorder (HD excessively acquire and retain goods while also exhibiting characteristics of impulsivity and addiction. However, HD individuals do not always perform impulsively in experiments, they do not appear interested in money, and they exhibit many features of risk-aversion and future-planning. To examine impulsivity in HD, we compared validated community participants high and low in hoarding tendencies on questionnaire measures of hoarding and impulsivity as well as a standard experimental measure of impulsivity (intertemporal discounting that was modified to compare decisions about money, pens, and snacks. Common discounting effects were replicated. Compared to the low hoarding group, the high hoarding group was more impatient for consumables (pens and snacks but they were more patient for money. This increased patience for money in high hoarding individuals is in contrast to all other studies on discounting in disordered populations, but consistent with the phenomenology of HD. HD does not appear to be driven by a fundamental inability to wait, but rather a specific, potent desire for consumable rewards.

  6. Hoarders Only Discount Consumables and Are More Patient for Money.

    Science.gov (United States)

    Vickers, Brian D; Preston, Stephanie D; Gonzalez, Richard; Angott, Andrea M

    2016-01-01

    Individuals with hoarding disorder (HD) excessively acquire and retain goods while also exhibiting characteristics of impulsivity and addiction. However, HD individuals do not always perform impulsively in experiments, they do not appear interested in money, and they exhibit many features of risk-aversion and future-planning. To examine impulsivity in HD, we compared validated community participants high and low in hoarding tendencies on questionnaire measures of hoarding and impulsivity as well as a standard experimental measure of impulsivity (intertemporal discounting) that was modified to compare decisions about money, pens, and snacks. Common discounting effects were replicated. Compared to the low hoarding group, the high hoarding group was more impatient for consumables (pens and snacks) but they were more patient for money. This increased patience for money in high hoarding individuals is in contrast to all other studies on discounting in disordered populations, but consistent with the phenomenology of HD. HD does not appear to be driven by a fundamental inability to wait, but rather a specific, potent desire for consumable rewards.

  7. Dissociable roles of glucocorticoid and noradrenergic activation on social discounting.

    Science.gov (United States)

    Margittai, Zsofia; van Wingerden, Marijn; Schnitzler, Alfons; Joëls, Marian; Kalenscher, Tobias

    2018-04-01

    People often exhibit prosocial tendencies towards close kin and friends, but generosity decreases as a function of increasing social distance between donor and recipient, a phenomenon called social discounting. Evidence suggests that acute stress affects prosocial behaviour in general and social discounting in particular. We tested the causal role of the important stress neuromodulators cortisol (CORT) and noradrenaline (NA) in this effect by considering two competing hypotheses. On the one hand, it is possible that CORT and NA act in concert to increase generosity towards socially close others by reducing the aversiveness of the cost component in costly altruism and enhancing the emotional salience of vicarious reward. Alternatively, it is equally plausible that CORT and NA exert dissociable, opposing effects on prosocial behaviour based on prior findings implicating CORT in social affiliation, and NA in aggressive and antagonistic tendencies. We pharmacologically manipulated CORT and NA levels in a sample of men (N = 150) and found that isolated hydrocortisone administration promoted prosocial tendencies towards close others, reflected in an altered social discount function, but this effect was offset by concurrent noradrenergic activation brought about by simultaneous yohimbine administration. These results provide inceptive evidence for causal, opposing roles of these two important stress neuromodulators on prosocial behaviour, and give rise to the possibility that, depending on the neuroendocrine response profile, stress neuromodulator action can foster both tend-and-befriend and fight-or-flight tendencies at the same time. Copyright © 2018 Elsevier Ltd. All rights reserved.

  8. [Effect of climate change on rice irrigation water requirement in Songnen Plain, Northeast China].

    Science.gov (United States)

    Huang, Zhi-gang; Wang, Xiao-li; Xiao, Ye; Yang, Fei; Wang, Chen-xi

    2015-01-01

    Based on meteorological data from China national weather stations and climate scenario grid data through regional climate model provided by National Climate Center, rice water requirement was calculated by using McCloud model and Penman-Monteith model combined with crop coefficient approach. Then the rice irrigation water requirement was estimated by water balance model, and the changes of rice water requirement were analyzed. The results indicated that either in historical period or in climate scenario, rice irrigation water requirement contour lines during the whole growth period and Lmid period decreased along southwest to northeast, and the same irrigation water requirement contour line moved north with decade alternation. Rice irrigation water requirement during the whole growth period increased fluctuantly with decade alternation at 44.2 mm . 10 a-1 in historical period and 19.9 mm . 10 a-1 in climate scenario. The increase in rice irrigation water requirement during the Lmid period with decade alternation was significant in historical period, but not significant in climate scenario. Contribution rate of climate change to rice irrigation water requirement would be fluctuantly increased with decade alternation in climate scenario. Compared with 1970s, contribution rates of climate change to rice irrigation water requirement were 23.6% in 2000s and 34.4% in 2040s, which increased 14.8 x 10(8) m3 irrigation water in 2000s and would increase 21.2 x 10(8) m3 irrigation water in 2040s.

  9. performance evaluation of sprinkler irrigation system at mambilla

    African Journals Online (AJOL)

    HOD

    ratio (DPR), irrigation productivity (IP), labour requirements and water quality. Standard procedure was ... The exchangeable cations analysis of Kakara irrigation ... Keywords: Tea, irrigation System, Performance Evaluation. 1. INTRODUCTION.

  10. Quantification of hydrological fluxes in irrigated lands using isotopes for improved water use efficiency

    International Nuclear Information System (INIS)

    Iqbal, N.; Rafiq, M.; Iqbal, T.; Fazal, M.

    2012-01-01

    For the study of water percolation using stable and radioactive isotopes, two experimental plots each measuring 5m X 5m were prepared at NIAB Agriculture Farm, Faisalabad. One plot was given normal irrigation and the other was irrigated with almost double quantity of water than the first one. Study was carried out on wheat and maize crops during 2007-2010. Infiltration rates were calculated from the solute transport by advection. The infiltration rates were also calculated by the water balance approach using moisture content data obtained by neutron moisture probe and flow simulation approach using software 'HYDRUS 1D'. The moisture in the field with normal irrigation percolated up to 90 cm depth. It percolated up to 160 cm in the field with excess irrigation. Infiltration rates determined by different techniques are given. The infiltration rates varied during whole of the experiment period. The rates were highest right after irrigation and then decreased with increase in time. The maximum and minimum infiltration rates determined by different techniques are given, which shows that average infiltration rates calculated by the four methods in case of excess irrigation range between 0.4 and 0.51 cm/day and are in good agreement. Infiltration rates in case of normal irrigation were determined only by tritium and water balance approach and range between 0.21 and 0.34 cm/day. (orig./A.B.)

  11. Dysfunctional Prefrontal Function Is Associated with Impulsivity in People with Internet Gaming Disorder during a Delay Discounting Task

    Directory of Open Access Journals (Sweden)

    Yifan Wang

    2017-12-01

    Full Text Available Internet gaming disorder (IGD, defined as the persistent use of online games with ignorance of adverse consequences, has increasingly raised widespread public concerns. This study aimed at elucidating the precise mechanisms underlying IGD by comparing intertemporal decision-making process between 18 IGD participants and 21 matched healthy controls (HCs. Both behavioral and fMRI data were recorded from a delay discounting task. At the behavioral level, the IGD showed a higher discount rate k than HC; and in IGD group, both the reaction time (delay − immediate and the discount rate k were significantly positively correlated with the severity of IGD. At the neural level, the IGD exhibited reduced brain activations in the dorsolateral prefrontal cortex and bilateral inferior frontal gyrus compared to HC during performing delay trials relative to immediate ones. Taken together, the results suggested that IGD showed deficits in making decisions and tended to pursuit immediate satisfaction. The underlying mechanism arises from the deficient ability in evaluating between delayed reward and immediate satisfaction, and the impaired ability in impulse inhibition, which may be associated with the dysfunction of the prefrontal activation. These might be the reason why IGD continue playing online games in spite of facing severe negative consequences.

  12. Dysfunctional Prefrontal Function Is Associated with Impulsivity in People with Internet Gaming Disorder during a Delay Discounting Task.

    Science.gov (United States)

    Wang, Yifan; Hu, Yanbo; Xu, Jiaojing; Zhou, Hongli; Lin, Xiao; Du, Xiaoxia; Dong, Guangheng

    2017-01-01

    Internet gaming disorder (IGD), defined as the persistent use of online games with ignorance of adverse consequences, has increasingly raised widespread public concerns. This study aimed at elucidating the precise mechanisms underlying IGD by comparing intertemporal decision-making process between 18 IGD participants and 21 matched healthy controls (HCs). Both behavioral and fMRI data were recorded from a delay discounting task. At the behavioral level, the IGD showed a higher discount rate k than HC; and in IGD group, both the reaction time (delay - immediate) and the discount rate k were significantly positively correlated with the severity of IGD. At the neural level, the IGD exhibited reduced brain activations in the dorsolateral prefrontal cortex and bilateral inferior frontal gyrus compared to HC during performing delay trials relative to immediate ones. Taken together, the results suggested that IGD showed deficits in making decisions and tended to pursuit immediate satisfaction. The underlying mechanism arises from the deficient ability in evaluating between delayed reward and immediate satisfaction, and the impaired ability in impulse inhibition, which may be associated with the dysfunction of the prefrontal activation. These might be the reason why IGD continue playing online games in spite of facing severe negative consequences.

  13. Discount cosmetic surgery: industry trends and strategies for success.

    Science.gov (United States)

    Krieger, Lloyd M

    2002-08-01

    Discount cosmetic surgery is a topic of interest to plastic surgeons. To understand this trend and its effects on plastic surgeons, it is necessary to review the economics of cosmetic surgery, plastic surgery's practice environment, and the broader business principles of service industries. Recent work looked at the economics of the plastic surgery market. This analysis demonstrated that increased local density of plastic surgeons was associated with lower adjusted fees for cosmetic procedures. A survey of plastic surgeons about their practice environment revealed that 93 percent categorized the majority of their patients as very or moderately price-sensitive. Fully 98 percent described their business climate as very or moderately competitive and most plastic surgeons thought they lost a sizable number of cosmetic patients within the last year for reasons of price.A standard industry analysis, when applied to cosmetic surgery, reveals the following: an increased number of surgeons leads to lower fees (reducing their bargaining power as suppliers), patients are price-sensitive (increasing their bargaining power as buyers), and there are few barriers to entry among providers (allowing potential new entrants into the market). Such a situation is conducive to discounting taking hold-and even becoming the industry norm. In this environment, business strategy dictates there are three protocols for success: discounting, differentiation, and focus. Discounting joins the trend toward cutting fees. Success comes from increasing volume and efficiency and thus preserving profits. Differentiation creates an industrywide perception of uniqueness; this requires broadly positioning plastic surgeons as holders of a distinct brand identity separate from other "cosmetic surgeons." The final strategy is to focus on a particular buyer group to develop a market niche, such as establishing a "Park Avenue" practice catering to patients who demand a prestigious surgeon, although this is

  14. Gratitude intervention modulates P3 amplitude in a temporal discounting task.

    Science.gov (United States)

    Patalano, Andrea L; Lolli, Sydney L; Sanislow, Charles A

    2018-06-23

    Gratitude has been shown to reduce economic impatience. In particular, individuals induced to experience heightened gratitude are more willing to choose delayed larger rewards over immediate smaller rewards (i.e., they have lower discounting rates) than those in a neutral condition. Using the event-related potential (ERP) method, we investigated the relation between gratitude level and neurophysiological correlates. Of interest was motivated information processing, as indexed by the P3 component. Participants were administered a gratitude or a neutral mood induction followed by a temporal discounting task (choosing between a fixed immediate reward versus a future reward that varied across trials) while electroencephalogram (EEG) activity was recorded. Individuals in the gratitude condition had greater P3 amplitude, suggesting greater attention to the future-reward option (the choice option that varied across trials), even when this option was not selected, and providing the first evidence of gratitude-induced changes in electrophysiological activity. Copyright © 2018. Published by Elsevier B.V.

  15. Discounting of qualitatively different delayed health outcomes in current and never smokers

    Science.gov (United States)

    Friedel, Jonathan E.; DeHart, William B.; Frye, Charles C. J.; Rung, Jillian M.; Odum, Amy L.

    2016-01-01

    In delay discounting, temporally remote outcomes have less value. Cigarette smoking is associated with steeper discounting of money and consumable outcomes. It is presently unclear whether smokers discount health outcomes more than non-smokers. We sought to establish the generality of steep discounting for different types of health outcomes in cigarette smokers. Seventy participants (38 smokers and 32 non-smokers) completed four hypothetical outcome delay-discounting tasks: a gain of $500, a loss of $500, a temporary boost in health, and temporary cure from a debilitating disease. Participants reported the duration of each health outcome that would be equivalent to $500; these durations were then used in the respective discounting tasks. Delays ranged from 1 week to 25 years. Smokers’ indifference points for monetary gains, boosts in health, and temporary cures were lower than indifference points from non-smokers. Indifference points of one outcome were correlated with indifference points of other outcomes. Smokers demonstrate steeper discounting across a range of delayed outcomes. How a person discounts one outcome predicts how they will discount other outcomes. These two findings support our assertion that delay discounting is in part a trait. PMID:26691848

  16. Unique prediction of cannabis use severity and behaviors by delay discounting and behavioral economic demand.

    Science.gov (United States)

    Strickland, Justin C; Lile, Joshua A; Stoops, William W

    2017-07-01

    Few studies have simultaneously evaluated delay discounting and behavioral economic demand to determine their unique contribution to drug use. A recent study in cannabis users found that monetary delay discounting uniquely predicted cannabis dependence symptoms, whereas cannabis demand uniquely predicted use frequency. This study sought to replicate and extend this research by evaluating delay discounting and behavioral economic demand measures for multiple commodities and including a use quantity measure. Amazon.com's Mechanical Turk was used to sample individuals reporting recent cannabis use (n=64) and controls (n=72). Participants completed measures of monetary delay discounting as well as alcohol and cannabis delay discounting and demand. Cannabis users and controls did not differ on monetary delay discounting or alcohol delay discounting and demand. Among cannabis users, regression analyses indicated that cannabis delay discounting uniquely predicted use severity, whereas cannabis demand uniquely predicted use frequency and quantity. These effects remained significant after controlling for other delay discounting and demand measures. This research replicates previous outcomes relating delay discounting and demand with cannabis use and extends them by accounting for the contribution of multiple commodities. This research also demonstrates the ability of online crowdsourcing methods to complement traditional human laboratory techniques. Copyright © 2017 Elsevier B.V. All rights reserved.

  17. Accounting of discounts, acquired by an enterprise when purchasing production inventories

    Directory of Open Access Journals (Sweden)

    Shishkina A.V.

    2017-01-01

    Full Text Available Different types of discounts for the price of a product are quite common in transactions. They are frequently used by industrial enterprises as well: they receive discounts when they purchase production inventories; they offer discounts when they sell the finished product. Industrial enterprise strive to minimize costs when purchasing raw materials necessary for manufacturing and therefore it is interested in acquiring a discount from supplier. Acquiring a discount is a fact of economic life and must be registered in financial accounts of an enterprise, however nowadays the patterns of accounting of such operations are not regulated by any special normative documents and traditionally applied accounting patterns do not contain information on the amounts of received discounts. It is happening because they comply with the current rules of accounting, according to which inventories are accounted only after deduction of the received discount (so the discount is granted in form of verbal agreement. This is a precursor to the lack of data on the received discounts in financial accounting system of an industrial enterprise, to the impossibility of creation the information base for analyzing the effectiveness of the received discounts on its basis, to the violation of the principle of completeness and continuity of registering all the economic life events in accounting. The article offers the already existing variants of financial accounting of the received discounts, analyzes its advantages and disadvantages from the point of view of compliance with the current legislative system and economic contents of discount operation. Proprietary technology of financial accounting of discounts, received by an industrial enterprise when purchasing production stock, is offered. This technology allows solving the stated methodological issues.

  18. Spatial discounting of food and social rewards in guppies (Poecilia reticulata

    Directory of Open Access Journals (Sweden)

    Nelly eMühlhoff

    2011-04-01

    Full Text Available In temporal discounting, animals trade off the time to obtain a reward against the quality of a reward, choosing between a smaller reward available sooner versus a larger reward available later. Similar discounting can apply over space, when animals choose between smaller and closer versus larger and more distant rewards. Most studies of temporal and spatial discounting in nonhuman animals use food as the reward, and it is not established whether animals trade off other preferred stimuli in similar ways. Here, we offered female guppies (Poecilia reticulata a spatial discounting task in which we measured preferences for a larger reward as the distance to it increased relative to a closer but smaller reward. We tested whether the fish discounted reward types differently by offering subjects either food items or same-sex conspecifics as rewards. Before beginning the discounting tasks, we conducted validation tests to ensure that subjects equally valued the food and social stimuli in the quantities provided. In the discounting task, subjects switched their preferences from the larger to the smaller reward as the distance to the larger reward increased (spatial discounting, but the pattern and magnitude of discounting did not differ across the two reward types. These findings indicate that guppies show similar patterns of discounting food and social rewards in a spatial task. In an analysis of travel times, however, the fish swam faster to food rewards than to shoaling partners. This difference in travel times implies that fish temporally discounted social rewards less steeply than food rewards. Thus, reward type influences temporal discounting, suggesting a dissociation between temporal and spatial discounting. Our results illustrate how animals adjust choices and travel times depending on both the type of cost (time, distance and benefits (food, social partners.

  19. Integrating Growth Stage Deficit Irrigation into a Process Based Crop Model

    Science.gov (United States)

    Lopez, Jose R.; Winter, Jonathan M.; Elliott, Joshua; Ruane, Alex C.; Porter, Cheryl; Hoogenboom, Gerrit

    2017-01-01

    Current rates of agricultural water use are unsustainable in many regions, creating an urgent need to identify improved irrigation strategies for water limited areas. Crop models can be used to quantify plant water requirements, predict the impact of water shortages on yield, and calculate water productivity (WP) to link water availability and crop yields for economic analyses. Many simulations of crop growth and development, especially in regional and global assessments, rely on automatic irrigation algorithms to estimate irrigation dates and amounts. However, these algorithms are not well suited for water limited regions because they have simplistic irrigation rules, such as a single soil-moisture based threshold, and assume unlimited water. To address this constraint, a new modeling framework to simulate agricultural production in water limited areas was developed. The framework consists of a new automatic irrigation algorithm for the simulation of growth stage based deficit irrigation under limited seasonal water availability; and optimization of growth stage specific parameters. The new automatic irrigation algorithm was used to simulate maize and soybean in Gainesville, Florida, and first used to evaluate the sensitivity of maize and soybean simulations to irrigation at different growth stages and then to test the hypothesis that water productivity calculated using simplistic irrigation rules underestimates WP. In the first experiment, the effect of irrigating at specific growth stages on yield and irrigation water use efficiency (IWUE) in maize and soybean was evaluated. In the reproductive stages, IWUE tended to be higher than in the vegetative stages (e.g. IWUE was 18% higher than the well watered treatment when irrigating only during R3 in soybean), and when rainfall events were less frequent. In the second experiment, water productivity (WP) was significantly greater with optimized irrigation schedules compared to non-optimized irrigation schedules in

  20. Spherical grand-canonical minority games with and without score discounting

    International Nuclear Information System (INIS)

    Bladon, Alex; Richardson, Thomas; Galla, Tobias

    2009-01-01

    We present a spherical version of the grand-canonical minority game (GCMG) and solve its dynamics in the stationary state. The model displays several types of transitions between multiple ergodic phases and one non-ergodic phase. We derive analytical solutions, including exact expressions for the volatility, throughout all ergodic phases and compute the phase behaviour of the system. In contrast to conventional GCMGs, where the introduction of memory loss precludes analytical approaches, the spherical model can also be solved when exponential discounting is taken into account. For the case of homogeneous incentives to trade ε and memory-loss rates ρ, an efficient phase is found only if ρ = ε = 0. Allowing for heterogeneous memory-loss rates we find that efficiency can be achieved as long as there is any finite fraction of agents which is not subject to memory loss

  1. Increased malaria transmission around irrigation schemes in Ethiopia and the potential of canal water management for malaria vector control.

    Science.gov (United States)

    Kibret, Solomon; Wilson, G Glenn; Tekie, Habte; Petros, Beyene

    2014-09-13

    Irrigation schemes have been blamed for the increase in malaria in many parts of sub-Saharan Africa. However, proper water management could help mitigate malaria around irrigation schemes in this region. This study investigates the link between irrigation and malaria in Central Ethiopia. Larval and adult mosquitoes were collected fortnightly between November 2009 and October 2010 from two irrigated and two non-irrigated (control) villages in the Ziway area, Central Ethiopia. Daily canal water releases were recorded during the study period and bi-weekly correlation analysis was done to determine relationships between canal water releases and larval/adult vector densities. Blood meal sources (bovine vs human) and malaria sporozoite infection were tested using enzyme-linked immunosorbent assay (ELISA). Monthly malaria data were also collected from central health centre of the study villages. Monthly malaria incidence was over six-fold higher in the irrigated villages than the non-irrigated villages. The number of anopheline breeding habitats was 3.6 times higher in the irrigated villages than the non-irrigated villages and the most common Anopheles mosquito breeding habitats were waterlogged field puddles, leakage pools from irrigation canals and poorly functioning irrigation canals. Larval and adult anopheline densities were seven- and nine-fold higher in the irrigated villages than in the non-irrigated villages, respectively, during the study period. Anopheles arabiensis was the predominant species in the study area. Plasmodium falciparum sporozoite rates of An. arabiensis and Anopheles pharoensis were significantly higher in the irrigated villages than the non-irrigated villages. The annual entomological inoculation rate (EIR) calculated for the irrigated and non-irrigated villages were 34.8 and 0.25 P. falciparum infective bites per person per year, respectively. A strong positive correlation was found between bi-weekly anopheline larval density and canal water

  2. Effects of different irrigation methods on pepper yield and soilborne diseases incidence

    Directory of Open Access Journals (Sweden)

    Seral YÜCEL

    2013-12-01

    Full Text Available In this study, the effect of different irrigation strategies and irrigation methods on yields and the incidence of wilt (Fusarium oxysporum and root rot (Fusarium solani and Macrophomina phaseolina diseases causing significant yield losses on field grown processing red pepper is determined. Experiments were carried out at Topçu Station of the Soil and Water Resources Research Institute of Tarsus in 2010 and 2011. Karaisalı processing pepper (Capsicum annuum L. was used in the experiments. Three furrows and five drip irrigation treatments were used in the study. The disease incidence rates were found 8.0-18.2% in furrow irrigation plots and 4.5-10.0% in drip irrigation plots in 2010, while it was 3.4-9.7% in furrow irrigation plots and 2.2-4.5% in drip irrigation plots in 2011. Pepper yields ranged from 3 416 to 4 417 kg da-1 and 3 376 to 4 779 kg da-1 in drip irrigated plots in 2010 and 2011, respectively. However, yields varied between 3 172-3 559 kg da-1 and 2 932-4 150 kg da-1 in furrow irrigated plots in 2010 and 2011 growing seasons.

  3. Sustainable irrigation in fruit trees

    Directory of Open Access Journals (Sweden)

    Cristos Xiloyannis

    2010-09-01

    Full Text Available Water management in fruit growing, particularly in areas with high water deficit, low rainfall and limited availability of water for irrigation should aid to save water by: i the choice of high efficiency irrigation methods and their correct management; ii the proper choice of the specie, cultivar and rootstock to optimise plant water use; iii the proper choice of the architecture of the canopy and it’s correct management in order to improve water use efficiency; iv the application of regulated deficit irrigation at growth stages less sensitive to water deficit; v strengthening the role of technical assistance for a rapid transfer of knowledge to the growers on the sustainable use of water in fruit growing.

  4. Sustainable irrigation in fruit trees

    Directory of Open Access Journals (Sweden)

    Cristos Xiloyannis

    Full Text Available Water management in fruit growing, particularly in areas with high water deficit, low rainfall and limited availability of water for irrigation should aid to save water by: i the choice of high efficiency irrigation methods and their correct management; ii the proper choice of the specie, cultivar and rootstock to optimise plant water use; iii the proper choice of the architecture of the canopy and it’s correct management in order to improve water use efficiency; iv the application of regulated deficit irrigation at growth stages less sensitive to water deficit; v strengthening the role of technical assistance for a rapid transfer of knowledge to the growers on the sustainable use of water in fruit growing.

  5. [Continent colostomy and colon irrigation].

    Science.gov (United States)

    Kostov, D; Temelkov, T; Kiriazov, E; Ivanov, K; Ignatov, V; Kobakov, G

    2000-01-01

    The authors have studied a functional activity of a continent colostomy at 20 patients, undergone an abdomeno-perineal extirpation of rectum and carried out periodic colonirrigations, during a period of 6 months. A conus type, closed irrigating system has been used. The degree of an incontinency at patients has been compared before and after the beginning of the colonirrigations. The irrigating procedures have reduced spontaneous defications at patients during a week 28 times and have improved the quality of life significantly. The application of colostomy bags has been restricted in 8 (40%) patients. An intraluminal ultrasonographic investigation has been done at 12 (60%) patients at the end of 6 month irrigating period. No changes of the ultrasonographic image of the precolostomic segment of colon has been observed.

  6. AGROCLIMATIC DETERMINANTS OF IRRIGATION NEEDS

    Directory of Open Access Journals (Sweden)

    Leszek Łabędzki

    2016-05-01

    Full Text Available The paper is a review of the so far used in Poland methods and criteria for assessing the needs of irrigation for planning purposes, the assessment because of the agroclimatic conditions and taking into account the soil water retention. Irrigation needs of the most are determined taking into account crop water deficits. This is the factor that is characterized by a shortage of precipitation in relation to the water requirements of crops. Some methods use only the meteorological parameters that determine the state of the atmosphere-soil-plant system, and some also take into account soil water retention and its availability for plants.

  7. A Discounted Cash Flow variant to detect the optimal amount of additional burdens in Public-Private Partnership transactions.

    Science.gov (United States)

    Copiello, Sergio

    2016-01-01

    The Discounted Cash Flow method is a long since well-known tool to assess the feasibility of investment projects, as the background which shapes a broad range of techniques, from the Cost-Benefit Analysis up to the Life-Cycle Cost Analysis. Its rationale lies in the comparison of deferred values, only once they have been discounted back to the present. The DCF variant proposed here fits into a specific application field. It is well-suited to the evaluations required in order to structure equitable transactions under the umbrella of Public-Private Partnership. •The discount rate relies upon the concept of expected return on equity, instead than on those of weighted average cost of capital, although the latter is the most common reference within the scope of real estate investment valuation.•Given a feasible project, whose Net Present Value is more than satisfactory, we aim to identify the amount of the additional burdens that could be charged to the project, under the condition of keeping the same economically viable.•The DCF variant essentially deals with an optimization problem, which can be solved by means of simple one-shot equations, derived from financial mathematics, or through iterative calculations if additional constraints must be considered.

  8. Soil Suitability Classification of Tomas Irrigation Scheme for Irrigated ...

    African Journals Online (AJOL)

    The need for sustainable rice production in Nigeria cannot be over-emphasized. Since rice can be grown both under rain-fed and irrigated conditions, the need for soil suitability evaluation becomes very necessary in order for supply to meet up with demand. Six land qualities viz; climate, soil physical properties, drainage, ...

  9. Assessing the groundwater recharge under various irrigation schemes in Central Taiwan

    Science.gov (United States)

    Chen, Shih-Kai; Jang, Cheng-Shin; Lin, Zih-Ciao; Tsai, Cheng-Bin

    2014-05-01

    The flooded paddy fields can be considered as a major source of groundwater recharge in Central Taiwan. The risk of rice production has increased notably due to climate change in this area. To respond to agricultural water shortage caused by climate change without affecting rice yield in the future, the application of water-saving irrigation is the substantial resolution. The System of Rice Intensification (SRI) was developed as a set of insights and practices used in growing irrigated rice. Based on the water-saving irrigation practice of SRI, impacts of the new methodology on the reducing of groundwater recharge were assessed in central Taiwan. The three-dimensional finite element groundwater model (FEMWATER) with the variable boundary condition analog functions, was applied in simulating groundwater recharge under different irrigation schemes. According to local climatic and environmental characteristics associated with SRI methodology, the change of infiltration rate was evaluated and compared with the traditional irrigation schemes, including continuous irrigation and rotational irrigation scheme. The simulation results showed that the average infiltration rate in the rice growing season decreased when applying the SRI methodology, and the total groundwater recharge amount of SRI with a 5-day irrigation interval reduced 12% and 9% compared with continuous irrigation (6cm constant ponding water depth) and rotational scheme (5-day irrigation interval with 6 cm initial ponding water depth), respectively. The results could be used as basis for planning long-term adaptive water resource management strategies to climate change in Central Taiwan. Keywords: SRI, Irrigation schemes, Groundwater recharge, Infiltration

  10. The vanishing discount problem and viscosity Mather measures. Part 2: boundary value problems

    OpenAIRE

    Ishii, Hitoshi; Mitake, Hiroyoshi; Tran, Hung V.

    2016-01-01

    In arXiv:1603.01051 (Part 1 of this series), we have introduced a variational approach to studying the vanishing discount problem for fully nonlinear, degenerate elliptic, partial differential equations in a torus. We develop this approach further here to handle boundary value problems. In particular, we establish new representation formulas for solutions of discount problems, critical values, and use them to prove convergence results for the vanishing discount problems.

  11. APPLICATION OF DRIP IRRIGATION ON COTTON PLANT GROWTH (Gossypium sp.

    Directory of Open Access Journals (Sweden)

    Syahruni Thamrin

    2017-12-01

    Full Text Available The condition of cotton planting in South Sulawesi is always constrained in the fulfillment of water. All plant growth stages are not optimal to increase production, so it is necessary to introduce good water management technology, such as through water supply with drip irrigation system. This study aims to analyze the strategy of irrigation management in cotton plants using drip irrigation system. Model of application by designing drip irrigation system and cotton planting on land prepared as demonstration plot. Observations were made in the germination phase and the vegetative phase of the early plants. Based on the result of drip irrigation design, the emitter droplet rate (EDR was 34.266 mm/hour with an operational time of 4.08 min/day. From the observation of cotton growth, it is known that germination time lasted from 6 to 13 days after planting, the average plant height reached 119.66 cm, with the number of leaves averaging 141.93 pieces and the number of bolls averaging 57.16 boll.

  12. Ring Irrigation System (RIS design through customer preference representation

    Directory of Open Access Journals (Sweden)

    Ridwan Infandra I.Z.

    2018-01-01

    Full Text Available In agricultural field, irrigation is one of the most interesting considerations affecting the rate of plant growth and development. Micro-irrigation as the dripping or sprinkle method is one of the irrigation types that applies the small amount of water for fulfilling the humidity requirement. The most important factors affecting the demand of water for plants are soil conditions and effect of climatic factors. With less human labour required, to improve the irrigation method from the recent days, analyzing water used or water permeation automatically through the soil moisture has been raised as the interesting topic. Proposed in this research is the ring irrigation system (RIS which is introduced as an alternative channel for emitters that drip water directly onto the soil at the plant’s root zone where the soil conditions before and after watering can be quickly detected by the sensors. This RIS can be used for the potted plant, green house, or other small farm fields. Product design and development (PDD is applied in this research for assisting the designer to understand and create the RIS prototype properly according to the customer’s requirements where the suggested functions obtained will be added and tested.

  13. Analytical Solution for Optimum Design of Furrow Irrigation Systems

    Science.gov (United States)

    Kiwan, M. E.

    1996-05-01

    An analytical solution for the optimum design of furrow irrigation systems is derived. The non-linear calculus optimization method is used to formulate a general form for designing the optimum system elements under circumstances of maximizing the water application efficiency of the system during irrigation. Different system bases and constraints are considered in the solution. A full irrigation water depth is considered to be achieved at the tail of the furrow line. The solution is based on neglecting the recession and depletion times after off-irrigation. This assumption is valid in the case of open-end (free gradient) furrow systems rather than closed-end (closed dike) systems. Illustrative examples for different systems are presented and the results are compared with the output obtained using an iterative numerical solution method. The final derived solution is expressed as a function of the furrow length ratio (the furrow length to the water travelling distance). The function of water travelling developed by Reddy et al. is considered for reaching the optimum solution. As practical results from the study, the optimum furrow elements for free gradient systems can be estimated to achieve the maximum application efficiency, i.e. furrow length, water inflow rate and cutoff irrigation time.

  14. Using soil water sensors to improve irrigation management

    Science.gov (United States)

    Irrigation water management has to do with the appropriate application of water to soils, in terms of amounts, rates, and timing to satisfy crop water demands while protecting the soil and water resources from degradation. In this regard, sensors can be used to monitor the soil water status; and som...

  15. Modernisation Strategy for National Irrigation Systems in the Philippines: Balanac and Sta. Maria River Irrigation Systems

    NARCIS (Netherlands)

    Delos Reyes, M.L.F.

    2017-01-01

    This book examines the nature and impact of irrigation system rehabilitation on increasing the actual area irrigated by the publicly funded canal irrigation systems of the Philippines. It proposes a system diagnosis approach for the development of a more appropriate and climate-smart irrigation

  16. Sustainable management after irrigation system transfer : experiences in Colombia - the RUT irrigation district

    NARCIS (Netherlands)

    Urrutia Cobo, N.

    2006-01-01

    Colombiais a tropical country located in South America. It has a total area of 114 million ha. In Colombia two irrigation sectors are distinguished: the small-scale irrigation and the large-scale irrigation sector. The small-scale irrigation sector is developed on lands

  17. Integrating discount usability in scrum development process in Ethiopia

    DEFF Research Database (Denmark)

    Teka, Degif; Dittrich, Y.; Kifle, Mesfin

    2017-01-01

    be adapted and integrated into the Scrum-agile development with especial emphasis on the Ethiopian context. The research aims at adapting software engineering and ICT development methods to the specific situation and integrating user-centered design (UCD) and lightweight usability methods into agile...... end users and developers. Culturally adapted user pair testing and heuristic evaluation supported usability testing and supported developers in getting early feedback. Integrated approach of discount usability with the Scrum process has been developed and evaluated first with the involved...

  18. GSM BASED IRRIGATION CONTROL AND MONITORING SYSTEM

    OpenAIRE

    GODFREY A. MILLS; STEPHEN K. ARMOO; AGYEMAN K. ROCKSON; ROBERT A. SOWAH; MOSES A. ACQUAH

    2013-01-01

    Irrigated agriculture is one of the primary water consumers in most parts of the world. With developments in technology, efforts are being channeled into automation of irrigation systems to facilitate remote control of the irrigation system and optimize crop production and cost effectiveness. This paper describes an on-going work on GSM based irrigation monitoring and control systems. The objective of the work is to provide an approach that helps farmers to easily access, manage and regulate ...

  19. Delay discounting of oral morphine and sweetened juice rewards in dependent and non-dependent rats.

    Science.gov (United States)

    Harvey-Lewis, Colin; Perdrizet, Johnna; Franklin, Keith B J

    2014-07-01

    Opioid-dependent humans are reported to show accelerated delay discounting of opioid rewards when compared to monetary rewards. It has been suggested that this may reflect a difference in discounting of consumable and non-consumable goods not specific to dependent individuals. Here, we evaluate the discounting of similar morphine and non-morphine oral rewards in dependent and non-dependent rats We first tested the analgesic and rewarding effects of our morphine solution. In a second experiment, we assigned rats randomly to either dependent or non-dependent groups that, 30 min after daily testing, received 30 mg/kg subcutaneous dose of morphine, or saline, respectively. Delay discounting of drug-free reward was examined prior to initiation of the dosing regimen. We tested discounting of the morphine reward in half the rats and retested the discounting of the drug-free reward in the other half. All tests were run 22.5 h after the daily maintenance dose. Rats preferred the morphine cocktail to the drug-free solution and consumed enough to induce significant analgesia. The control quinine solution did not produce these effects. Dependent rats discounted morphine rewards more rapidly than before dependence and when compared to discounting drug-free rewards. In non-dependent rats both reward types were discounted similarly. These results show that morphine dependence increases impulsiveness specifically towards a drug reward while morphine experience without dependence does not.

  20. Money earlier or later? Simple heuristics explain intertemporal choices better than delay discounting does.

    Science.gov (United States)

    Ericson, Keith M Marzilli; White, John Myles; Laibson, David; Cohen, Jonathan D

    2015-06-01

    Heuristic models have been proposed for many domains involving choice. We conducted an out-of-sample, cross-validated comparison of heuristic models of intertemporal choice (which can account for many of the known intertemporal choice anomalies) and discounting models. Heuristic models outperformed traditional utility-discounting models, including models of exponential and hyperbolic discounting. The best-performing models predicted choices by using a weighted average of absolute differences and relative percentage differences of the attributes of the goods in a choice set. We concluded that heuristic models explain time-money trade-off choices in experiments better than do utility-discounting models. © The Author(s) 2015.