Description
Convert a delay to base units and compare with a reference.
Decision models distinguish monetary payoffs, probabilities, model values and subjective equivalents. Discounting, probability weighting and reference-dependent utility terms depend on supplied parameters and cannot by themselves establish actual preferences or an appropriate allocation.
Convert a delay to base units and compare with a reference.
When to use this tool
Use Delay Unit Framing Offset when evaluating the stated decision-model, lottery or discount contribution.
How to use the tool and how it works
- Enter delay, basePerUnit, referenceDelayBase. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read delayBase, framingGap. Use the output convention below.
Convert a delay to base units and compare with a reference. Require nonnegative delay/reference and basePerUnit > 0; delayBase = delay*factor, framingGap = delayBase-reference.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| delay | Delay | Required. Finite number; minimum 0. |
| basePerUnit | Base Per Unit | Required. Finite number; strictly above 0. |
| referenceDelayBase | Reference Delay Base | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| delayBase | Delay Base | Required. Finite number. |
| framingGap | Framing Gap | Required. Finite number. |
{
"input": {
"delay": 2,
"basePerUnit": 7,
"referenceDelayBase": 10
},
"output": {
"delayBase": 14,
"framingGap": 4
}
}Limitations and assumptions
- The unit factor is supplied; this numerical conversion does not demonstrate a behavioral time-framing effect.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Fit and validate an appropriate complete decision model against relevant observations; distinguish model scores from money and assess actual financial choices separately.
References
Similar or alternative tools
- Hyperbolic Discount Equivalent Delay
Invert a hyperbolic equivalent-delay relation.
- Delayed Reward Log Ratio
Return log reward ratio per supplied delay.