Anticipation and Choice Heuristics in the Dynamic Consumption of Pain Relief
Figure 7
Optimal consumption paths predicted from anticipation-discounting functions derived from binary choices.
Naïve (green circles) and sophisticated optimal (red circles) paths, derived from binary intertemporal choices in both pain (left column, A) and relief (right column, B) frames with softmax β = 10 and U(c) = c0.75 are overlaid on observed consumption paths (blue circles) for 4 sample participants.