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  What is for me is not for you: Brain correlates of intertemporal choice for self and other

Albrecht, K., Volz, K. G., Sutter, M., Laibson, D. I., & von Cramon, D. Y. (2011). What is for me is not for you: Brain correlates of intertemporal choice for self and other. Social, Cognitive and Affective Neuroscience, 6(2), 218-225. doi:10.1093/scan/nsq046.

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Item Permalink: http://hdl.handle.net/11858/00-001M-0000-0011-2811-E Version Permalink: http://hdl.handle.net/21.11116/0000-0002-ECCC-F
Genre: Journal Article

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Albrecht_Volz_2011.pdf (Publisher version), 618KB
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 Creators:
Albrecht, Konstanze1, 2, Author              
Volz, Kirsten G.3, Author
Sutter, Matthias4, 5, Author
Laibson, David Isaac6, Author
von Cramon, D. Yves1, 3, Author              
Affiliations:
1Department Cognitive Neurology, MPI for Human Cognitive and Brain Sciences, Max Planck Society, ou_634563              
2Department of Economics, University Bonn, Germany, ou_persistent22              
3Max Planck Institute for Neurological Research, Cologne, Germany, ou_persistent22              
4Department of Public Finance, University of Innsbruck, Austria, ou_persistent22              
5Department of Economics, University of Gothenburg, Sweden, ou_persistent22              
6Department of Economics, Harvard University, Cambridge, MA, USA, ou_persistent22              

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Free keywords: Present-biased preferences; Intertemporal discounting; fMRI; Multiple systems hypothesis
 Abstract: People have present-biased preferences: they choose more impatiently when choosing between an immediate reward and a delayed reward, than when choosing between a delayed reward and a more delayed reward. Following McClure et al. [McClure, S.M., Laibson, D.I., Loewenstein, G., Cohen, J.D. (2004). Separate neural systems value immediate and delayed monetary rewards. Science, 306, 503.], we find that areas in the dopaminergic reward system show greater activation when a binary choice set includes both an immediate reward and a delayed reward in contrast to activation measured when the binary choice set contains only delayed rewards. The presence of an immediate reward in the choice set elevates activation of the ventral striatum, pregenual anterior cingulate cortex and anterior medial prefrontal cortex. These dopaminergic reward areas are also responsive to the identity of the recipient of the reward. Even an immediate reward does not activate these dopaminergic regions when the decision is being made for another person. Our results support the hypotheses that participants show less affective engagement (i) when they are making choices for themselves that only involve options in the future or (ii) when they are making choices for someone else. As hypothesized, we also find that behavioral choices reflect more patience when choosing for someone else.

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Language(s): eng - English
 Dates: 2010-052010-06-062011-04
 Publication Status: Published in print
 Pages: -
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 Table of Contents: -
 Rev. Method: Peer
 Identifiers: eDoc: 537847
DOI: 10.1093/scan/nsq046
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Title: Social, Cognitive and Affective Neuroscience
Source Genre: Journal
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Pages: - Volume / Issue: 6 (2) Sequence Number: - Start / End Page: 218 - 225 Identifier: ISSN: 1749-5016
CoNE: https://pure.mpg.de/cone/journals/resource/1000000000223760