Escolar Documentos
Profissional Documentos
Cultura Documentos
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted
digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about
JSTOR, please contact support@jstor.org.
Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at
http://about.jstor.org/terms
Academy of Management is collaborating with JSTOR to digitize, preserve and extend access to The
Academy of Management Review
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
? Academy o? Management Review
2006, Vol. 31, No. 4, 889-913.
CORNELIUS J. K?NIG
Universit?t Z?rich
The fields of economics, decision making, so sions within each discipline. Psychology, for
ciology, and psychology share a common desire example, has the traditions of self-regulation,
to understand our human nature?that is, our motivation, and personality, each with its own
essential character, disposition, or tempera nomenclature, structure, and etiology. These
ment. This extensive, multidisciplinar/y interest subdivisions necessarily divide our efforts, lim
in establishing who we are reflects the enor iting the extent to which insights can be shared.
mous ramifications of the endeavor. As Pinker This problem has recently been recognized and
(2002) catalogs, theories of human nature have lamented by many prominent researchers (e.g.,
been used to direct relationships, lifestyles, and Barrick & Mount, 1991; Elliot & Thrash, 2002;
governments?with disastrous effects when Judge & Hies, 2002), but it is by no means a new
based on faulty models. On a smaller applied issue. Consider the words of Irving Fisher, the
scale, treatments, training, compensation, and venerated economist, which are regrettably still
selection all depend on our theories of human far too relevant:
behavior. Even job design, which is an overtly The fact that there are still two schools, the pro
physical enterprise, requires positing human el ductivity school and the psychological school,
ements such as "growth need strength" (Hack constantly crossing swords on this subject [time
man & Oldham, 1976). To ensure the efficacy of preference/implicit interest rates] is a scandal in
our interventions, we need to determine what economic science and a reflection on the inade
describes, drives, or decides our actions. quate methods employed by these would-be de
stroyers of each other (1930: 312).
Ironically, our understanding of behavior has
been hindered by the very extent of our efforts. Fortunately, our theories also have several
There is a superabundance of motivational the strong commonalities, and their effective inte
ories. Not only does each field have its particu gration seems achievable (Klein, 1989; Larrick,
lar interpretation, but there are ample subdivi 1993; Mischel & Shoda, 1999). If it is possible to
do this?to effectively combine these different
We are thankful that the editor of our paper was Elizabeth
conceptions of human nature?we will have
Mannix, who gave us the opportunity to reply to the review substantially progressed toward a common the
ers' initially critical though insightful comments before ory of basic motivation. To use E. O. Wilson's
passing judgment. With her stewardship, the review process term, this convergence is an excellent example
produced a much better paper than what we first submitted. of consilience. Consilience is "a 'jumping to
Also, we greatly appreciate the combined contributions from
gether' of knowledge by the linking of facts and
a long chain of prior researchers, who provided the edifice
for this present publication. Despite regular academic dis fact-based theory across disciplines to create a
agreements, we all appear to be laboring toward a common common groundwork of explanation" (1998: 8). If
cause.
a theory can be shown to have consilience, its
889
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
890 Academy of Management Review October
scientific validity is vastly improved, since it variance. We consider whether and when TMT
represents different avenues of inquiry coming may be too complex or too simple. Finally, we
to similar conclusions. We begin by further re note that in future research on TMT scholars
viewing the importance and advantages of such may choose to exploit two powerful but under
integration. used venues: a computerized personal system of
After this, we integrate four closely related instruction and computer simulations.
motivational theories, using the insights of each
to inform the others. We start with picoeconom
ics (Ainslie, 1992), which we then subsequently THE CASE FOR INTEGRATION
extend with expectancy theory (e.g., Vroom,
1964), cumulative prospect theory (Tversky & A common theme across the disparate disci
Kahneman, 1992), and need theory (e.g., Dollard plines of decision making and motivation is the
& Miller, 1950). It is important to note that none of desire for more comprehensive and integrated
these theories is definitive, each containing var theories (Cooksey, 2001; Eisenhardt & Zbaracki,
ious limitations. However, we are not attempt 1992; Langley, Mintzberg, Pitcher, Posada, &
ing a full integration of their every detail; in Saint-Macary, 1995; Leonard, Beauvais, & Scholl,
stead, we are focusing on linking together these 1999; Meilers, Schwartz, & Cooke, 1998). For ex
theories' most enduring and well-accepted ba ample, Locke and Latham, writing about the fu
sic features. One of the most important of these ture of motivational research, conclude that
features is time. "there is now an urgent need to tie these theo
Time is a critical component of choice or mo ries and processes together into an overall
tivated behavior. As Drucker notes, "The time model" (2004: 389). Also, Donovan recommends
dimension is inherent in management because in his review of motivation that "future work
management is concerned with decisions for ac should move towards the development and val
tion" (1954: 15). Similarly, Luce states that "quite idation of an integrated, goal-based model of
clearly any empirical realization of a decision self-regulation that incorporates the important
tree has a strong temporal aspect," and the fail components of various theories" (2001: 69; em
ure to include time "is a clear failing of the phases added). This desire reflects two funda
modeling" (1990: 228). Also, Kanfer (1990) and mental challenges in motivational research.
Donovan (2001) critique theories that are epi First, many traditional paradigms are inade
sodic and, thus, have difficulty accounting for quate for discussing or exploring many realistic
behavior over time and events. Fortunately, time and complex situations. Second, the very
or delay does feature in several motivational progress of our field is being hindered by seg
formulations, its application is consistent where regation.
included, and through integration it can be ex Because there has yet to be a broad, inte
tended to other theories where it was previously grated theory of motivation, any particular the
absent. Consequently, we label the outcome of ory necessarily deals with only a subset of mo
our integrative efforts temporal motivational tivational factors. Although a theory may deal
theory (TMT) because of its emphasis on time as with these factors very well, it potentially will
a motivational factor. have trouble in intricate, realistic situations.
After constructing TMT, we review its essen Owing to a situation's very complexity, a larger
tial elements and when it, rather than its source variety of forces may be operating. Conse
theories, should be applied. We also use pro quently, no single theory can adequately ex
crastination, a prototypical performance prob plain the observed phenomena. For example,
lem, to explicate the workings of TMT. As a expectancy theory, which represents rationality
general theory of human behavior, the applica in economics, is the simplest and consequently
tions of TMT are numerous. We identify four has been criticized for its limitations. Consider
diverse areas that might benefit by employing it able research has been summarized that indi
in specific ways. Also, we note that this model of cates we act less than logically (Lopes, 1994;
human behavior, like all models, must strike a Thaler, 1992). In fact, irrational behavior is so
balance between precision and parsimony. pervasive that Albanese concludes, "The eco
Some refinements may add undue complexity nomic assumption of rationality is violated in
while accounting for only minimal incremental the behavior of every person" (1987: 14).
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 891
Rather than abandon expectancy theory, passed into adjacent fields and different solu
which has long been the dominant paradigm tions to be effectively harmonized.
and has proven value, we can make it much Consider economists and psychologists. As
more flexible by integrating it with other estab Lopes notes, they have been less than coll?gial
lished motivational principles. This approach in the past, tending to view each other with
has already been proposed by George Akerlof considerable "suspicion and distaste" (1994:
(1991), the Nobel Prize-winning economist. Aker 198). Similarly, W?rneryd (1988) quotes several
lof argues that his field should take salience eminent economists whose words on psychol
into account, salience referring to individuals' ogy border on the vitriolic. In fact, Loewenstein
undue sensitivity to the present and consequent (1992) observes that there has long been an ac
undervaluing of the future. He shows that the tive attempt to erase any psychological content
concept allows expectancy theory to more fully from economics. But, more recently, there has
grasp a broad range of areas, such as retirement been some integration, in the form of behavioral
savings, organizational failures, cults, crime, economics. Traditional economic theory, essen
and politics. Later in this paper, we also discuss tially expectancy theory, is being supplemented
several complex topics where a larger variety of with some of the very concepts that we later
motivational factors appear to be operating stress here (e.g., personality traits, temporal dis
than typically considered. An integrated per counting, loss aversion). As Camerer, Loewen
spective is invaluable in better understanding stein, and Rabin (2004) review, this is fundamen
them. tally reshaping the economic field and
In addition, scholars have observed as well as improving its explanatory power by basing it on
argued that continued segregation of our moti: more realistic psychological foundations.
vational theories is detrimental to scientific Consequently, fostering integration among
progress. The problem is serious. Steers, Mow different motivational disciplines is important
day, and Shapiro note that the theoretical devel and possible. First, it allows the development of
opment of work motivation has significantly a common language among social scientists
lagged behind other fields, that we still widely working in different fields. This should make
rely on obsolete and discredited theories, and communication and collaboration across disci
that intellectual interest in the topic has plines much easier. Second, it allows more ef
"seemed to decline precipitously" (2004: 383). As fective responses to complex motivational prob
Zeidner, Boekaerts, and Pintrich conclude, a ma lems, which can be multifaceted. As a later
jor reason for this decline is that "the fragmen example of procrastination confirms, self
tation and disparate, but overlapping, lines of regulatory failure can occur for many reasons,
research within the self-regulation domain have and effective treatment requires investigating
made any attempt at furthering our knowledge all these possibilities to find the most promising
an arduous task" (2000: 753). Similarly, Wilson and pliable junctures for intervention. Third, it
(1998), as well as Staats (1999), argues that the allows insights to be shared with fields overlap
progress for the social sciences is slow specifi ping in terms of features and complexity (i.e.,
cally because of the lack of consilience?the "cross-pollenization"). Psychological treatments
lack of integration. As Wilson writes: for addiction, for example, may inform the eco
nomic formulations of retirement saving pro
Social scientists by and large spurn the idea of grams (e.g., Akerlof, 1991; Loewenstein & Elster,
the hierarchical ordering of knowledge that 1992). As we show later, an integrative theory
unites and drives the natural science. Split into
facilitates the generation of new and plausible
independent cadres, they stress precision in their
words within their specialty but seldom speak hypotheses in a range of topics, from group be
the same technical language from one specialty havior to goal setting.
to the next (1998: 182).
DEVELOPING TMT
Wilson notes, however, that the medical sci
ences advance rapidly primarily because of To develop TMT, we consider four related un
consilience. Researchers can approach prob derstandings of human nature: picoeconomics,
lems at many different but mutually supporting expectancy theory, cumulative prospect theory
levels of complexity, allowing insights to be (CPT), and need theory. These four postulations
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
892 Academy of Management Review October
are particularly well suited for consolidation, Summarizing the efforts from behaviorist and
since they reflect common sources in their de economic perspectives, Ainslie (1992) notes sev
velopment and, thus, share many terms. Conse eral attempts to provide an accurate equation.
quently, areas of overlap are quite definite. Fur Of these, the matching law is one of the first and
thermore, they can be expressed formulaically, simplest (Chung & Herrnstein, 1967).1 The match
allowing their integration with minimal transla ing law considers how frequency, magnitude,
tion and in a relatively straightforward manner. and delay of reinforcement affect choices, with
The terms in these formulations also provide a delay being the critical feature. It is the domi
ready summary of each theory's primary fea nant model describing choice among various
tures, which are also evident in a variety of concurrently administered, variable-interval
other formulations. To further underscore that schedules (Ainslie, 1992). In other words, when
we are integrating motivational fundamentals, we must choose among several courses of action
we begin each section by noting similarities that all result in a reward, albeit at different
with other prominent theories. We start with pi times, this model best predicts the aggregate
coeconomics since it, of all the theories consid behaviors of adults (see Myerson & Green, 1995).
ered, has time as its most central feature. Similarly, a related version of this law used in
the economic field also shows extremely strong
validity (see Loewenstein & Prelec, 1992).
Picoeconomics or Hyperbolic Discounting
The simplest version of the matching law con
Ainslie (1992), under the title of Picoeconomics, tains just four components:
and Ainslie and Haslam (1992), under the title of
Rate X Amount
Hyperbolic Discounting, discuss a theory that
helps to account for choice of behavior over time. Utilit? = Delay (1)
The theory already demonstrates considerable Utility indicates preference for a course of ac
consilience, with Ainslie drawing support from a tion. Naturally, the higher the utility, the greater
variety of research literature, including sociology, the preference. The next three variables reflect
social psychology, and psychodynamic psychol aspects of the reward or payout of the action.
ogy, as well as behaviorist psychology and eco Rate indicates the expectancy or frequency that
nomics in particular. For example, the personality the action will lead to the reward. It ranges from
traits of impulsiveness and future orientation all 0 percent to 100 percent, with 100 percent reflect
have strong commonalities to the concept of hy ing certainty. Amount indicates the amount of
perbolic discounting. In addition, recent work in reward that is received on payout. Essentially, it
psychobiology underscores the importance of hy indicates the magnitude of the incentive. Fi
perbolic discounting, with the journal of Psycho nally, delay indicates how long, on average, one
pharmacology recently dedicating an entire issue must wait to receive the payout. Since delay is
to the construct (e.g., Ho, Mobini, Chiang, Brad in the denominator of the equation, the longer
shaw, & Szabadi, 1999).
the delay, the less valuable the course of action
In its basic form, the theory is simple. We must is perceived.
choose from a variety of possible rewarding ac There also have been several modifications of
tivities. In choosing among them, we have an the basic matching law. Rate is often dropped,
innate tendency to inordinately undervalue fu since it can be partially expressed in terms of
ture events. We tend, then, to put off tasks lead
delay alone; over repeated trials, rewards deliv
ing to distant but valuable goals in favor of ones ered at lower rates necessarily create longer
with more immediate though lesser rewards. In average delays. Also, a new parameter is typi
evitably, however, time marches on, and as the cally included to capture individual differences
once-future events loom ever closer, we see their
regarding sensitivity to delay. The greater the
value more clearly. Eventually, we experience sensitivity, the larger the effect delays have on
regret if we have irrationally put off pursuing choice. Of all these modifications, Mazur's (1987)
this more valuable goal to the extent that it can
no longer be realistically achieved.
Going beyond this qualitative description, the 1 This matching law can be further decomposed into even
theory of picoeconomics tries to express the ef more basic behaviorist principles (Hernnstein, 1979)?
fects of temporal discounting mathematically. specifically, invariance and relativity.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 893
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
894 Academy of Management Review October
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 895
any behavior is based on considering the com events. The notion of capacity, in Tversky and
bined utility of its possible gains and possible Kahneman's words, "can be interpreted as the
losses, with gains and losses each being esti marginal contribution of the respective event"
mated differently.3 (1992: 301). To combine all possibilities effec
By itself, CPT suffers the same limitation that tively, each outcome is evaluated incremental
Kanfer (1990) pointed out for expectancy theo ly?that is, relative to the value of other out
ry?that is, the failure to include time as a vari comes. For example, the expectancy weighting
able. Consequently, other researchers have al for any positive event is the weighted chance it
ready proposed various integrations of prospect or an even better outcome will occur, minus the
theory with some hyperbolic time-discounting weighted chance the next better outcome will
function (Loewenstein & Prelec, 1992; Rachlin, occur (e.g., similar to 40 percent - 30 percent =
2000; Schouwenburg & Groenewoud, 1997). 10 percent, except weighted). It is helpful to keep
Given this foundation and CPT's similarity to in mind the simple circumstance where only one
expectancy theory, only two terms are needed to positive outcome and/or one negative outcome
incorporate CPT into picoeconomics. is considered. In this case, the capacity of each
outcome is equal to ECPT, and the equation is
TTx-l-x _ V ^CPT X ^CPT V CPT X CPT more readily interpretable as no summation is
Utility - 2, z + r(r
i=l _ t) + Z z + r(r _ t)
i=k+l
necessary. Further discussion of capacity is
available in the articles of Fennema and Wak
(4) ker (1997) and, of course, Tversky and Kahneman
(1992).
For any decision, one considers n possible
outcomes. The first term, containing E?PT and
VqPT, reflects the transformed values for the ex Need Theory
pectancy associated with k gains and the per One of the earlier psychological theories was
ceived value of each of these gains. The second Murray's (1938) system of needs. As a whole, it is
term, containing E?PT and V?PT, reflects the somewhat dated, but key aspects endure in
transformed values for the expectancy associ modern personality theory (Tellegen, 1991), as
ated with n - k losses and the perceived value well as in the decision-making paradigm (Loe
of each of these losses. Given that losses carry wenstein, 1996). For example, personality traits
negative value, the second term will always di appear to be the behavioral expression of needs,
minish the first and, thus, the overall utility. The especially needs as measured by questionnaire
summation sign for each term reflects the pos (Winter, John, Stewart, Klohnen, & Duncan, 1998).
sibility of multiple outcomes given any act and, Consequently, we tend to be extroverted partly
thus, multiple possible gains or losses. It is this because of a need for affiliation and conscien
summation sign that makes CPT cumulative. tious partly because of a need for achievement.
Of note, although the ability to model deci We briefly review need theory's fundamental
sions with multiple possible outcomes is a sig components.
nificant improvement, it takes a moment to con To begin, needs represent an internal energy
sider how expectancy is interpreted under this force that directs behavior toward actions that
model. With CPT the decision weight or ECpt is permit the satisfaction and release of the need
not absolute expectancy but the capacity of itself (i.e., satiation). This face is what drives us
to do whatever we do. Needs can be primary or
viscerogenic, directly related to our biological
3 Mathematically, both the transformations for value and
nature (e.g., the need for food), or they can be
expectancy create curves reflecting logarithmic functions,
notably similar to Fechner's law (1966) describing just no secondary or psychogenic, related to our person
ticeable perceptual differences. Fechner's law states that, ality. Of these secondary needs, Murray initially
given x amount, you will notice a change of Ax that allows k guessed that around twenty might exist, al
to remain a constant, as in Ax/x = k. To be precise, however, though Winter (1996) suggests that only three
Tversky and Kahneman (1992) actually use a related but are fundamental: the need for achievement, the
exponential form of psychophysical scaling called "Steven's
law." Similarly, expectancy is also modeled using an expo need for affiliation, and the need for power. The
nential function. Informally, these functions may be de need for achievement is deriving pleasure from
scribed as the principle of diminishing returns. overcoming obstacles, the need for affiliation
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
896 Academy of Management Review October
intimacy is deriving pleasure from socializing vides a classic formulation of expectancy the
and sharing with people, and the need for power ory, as well as Hull (1943), who provides some of
is deriving pleasure from gaining strength or the most influential formulations of behavior
prestige, particularly by affecting another's theory by far (Schwartz, 1989). Of note, behavior
well-being. These needs are not stable but tend ism is, as mentioned, the basis of the original
to fluctuate in intensity, ranging from a slum matching law of Chung and Herrnstein (1967).
bering satisfaction to an absolute craving. Core aspects of Atkinson's and Hull's theories
Our behaviors are ruled partly by need inten are virtually identical, both ultimately using ex
sity. At any time, the need that is the most in pectancy by value frameworks that differ funda
tense is the one we attempt to satisfy or to re mentally only in nomenclature. For example, in
duce through our thoughts and behavior. Thus, place of utility, Hull indicates excitatory poten
our actions represent our needs. Of most impor tial (sEr), while Atkinson uses tendency to
tance, need intensity can be influenced by ex achieve success (Ts). In place of expectancy,
ternal cues, described as press. Press occurs Hull refers to habit strength (sHr), while Atkin
when we encounter situations that we expect son uses probability of success (Ps).5 Finally, in
have a good chance of soon satisfying a need, place of value, Hull refers to a combination of
and, consequently, the salience and intensity of drive (D) and incentive (K), while Atkinson uses
that need become acute. Press has strong com motive strength (Ms) and incentive value (INs).
monalities with many modern and well-estab In McClelland's terms, Ms for success is equiv
lished psychological constructs. In a compre alent to need for achievement. In addition, At
hensive review, Tellegen (1991) connects press kinson proposes that the utility of any achieve
to several other theories (e.g., stimulus-re ment-oriented situation is determined by two
sponse) and theorists (e.g., Allport, 1961).4 individual-difference factors: the need for
These aspects of need theory share numerous achievement and the need to avoid failure. The
strong commonalities with our previous formu effect each need has on overall utility is calcu
lations. First, need intensity appears analogous lated separately, as with losses and gains in
to utility. In the same way we pursue actions CPT, with the resulting value indicating the ten
that most reduce our strongest need, we also dency to pursue achievement.
pursue actions that provide the most utility. Dollard and Miller (1950) provide even greater
Needs are related to value, helping to determine connection. They also attempt to describe some
the actual value that outcomes have. Although of the conflicts observed with psychodynamic
needs are often conceptualized at an average or drives or needs through behaviorism. Consis
a trait level, they do fluctuate because of satia tent with the concept of press, Dollard and Miller
tion. To predict aggregated behavior, the trait note that drive strength increases as we get
level will suffice (Epstein & O'Brien, 1985), but closer to the realization of our goals. This, they
for specific outcomes, we would prefer to know a explain, is due to the combined effect of two
need's specific strength. Finally, press is essen more basic principles of behaviorism: the gradi
tially a combination of expectancy and time de ents of reinforcement and of stimulus generali
lay. As we discuss later, others have reviewed zation. The gradient of reinforcement reflects the
these connections in great detail. temporal aspect?that is, the more immediately
To some extent, need theory can be further rewards and punishment are expected, the
integrated through the works of McClelland greater their effects. The gradient of stimulus
(1985) and Dollard and Miller (1950). McClelland generalization is akin to the element of expect
reviews the theories of Atkinson (1964), who pro ancy. Environmental cues best create approach
and avoidance behavior when they reliably pre
dict the occurrence of rewards and punishments.
4 There has been criticism that drive or need reduction is
a somewhat simplified view of reinforcement, and in a de
tailed review Savage (2000) concludes that this is true. How
ever, Savage also notes that, as a general concept, it has 5 Highlighting their similarity, Weiner, while reviewing
proven invaluable for organizing a wide range of motiva the history of motivational research, notes that "there was
tional states, which is consistent with its use here. Also, see some contentment merely in eliminating the term drive and
McSweeney and Swindell (1999), who recently revitalized the replacing the notion of habit with that of expectancy" (1990:
role that need theory may play in motivation. 619).
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 897
So far, need theory appears to be largely de tion as an example of TMT?a phenomenon that
rived from the same fundamental features as is uniquely suitable for explanation.
picoeconomics, expectancy theory, and CPT. Be
havior is determined by need strength (utility), Fundamental Features
and long-term considerations (delayed) are only
relevant to the extent they affect its present in TMT has four core features: value, expectancy,
tensity. Need theory also provides two relatively time, and different functions for losses versus
unique contributions. The first has already been gains. The first of these, value, appears across
mentioned?that need theory explicates the in all four sources. Drawing on CPT and need the
dividual determinants of value (e.g., need for ory, value represents how much satisfaction or
achievement). The second regards the discount drive reduction an outcome is believed to real
ing constant, T, which is presently treated as ize. The attractiveness of an event depends on
identical for both losses and gains. However, both the situation and individual differences.
Dollard and Miller (1950) suggest that this in Outcomes can satisfy needs to different degrees.
crease in drive occurs at different rates for dif A full meal, for example, can assuage an appe
ferent needs. In their words, "The strength of tite better than a light snack. Furthermore, the
avoidance increases more rapidly with near relationship between outcome and value is cur
ness than does that of approach. In other words, vilinear and relative to a reference point, as per
the gradient of avoidance is steeper than that of Figure 2. Regarding individual differences, peo
approach" (1950: 352). More recent research, as ple differ in the degree they typically experience
reviewed by Trope and Liberman (2003), sug any need (e.g., need for power), and there can be
gests the opposite, however?that losses actu fluctuations around this baseline. Hungry peo
ally are discounted less steeply than gains. De ple are more motivated by food than those al
spite these differences, both these results ready sufficiently "suffonsified." To precisely
commonly indicate that T should not be kept at predict value for a specific person and option,
a constant but should differ for gains and losses. we must determine present need strength and
Consequently, our formula is revised in this how satisfying that option is perceived. If either
fashion: of these approach zero, then value itself will
also become negligible.
Expectancy occurs in each theory except pico
Utility = 2j 7 , r+,T _ A + economics. It represents the perceived probabil
z + r+(r -1) ^ z + r-(r -1)
i=l i=k+l
ity that an outcome will occur. Like value, this is
(5) influenced by both the situation and individual
differences. Plainly, different events have
With this final modification, we have con higher and lower likelihoods of occurring. How
structed TMT. It is an assimilation of the com ever, there are also stable trends regarding how
mon and unique fundamental features across
our four target theories. FIGURE 2
Weighted Valence (VCPT) As a Function of
Unweighted Valence {V). Per Tversky and
TMT Kahneman's (1992) CPT
TMT is derived from the core elements of the
above-described four well-established theories
of motivation: picoeconomics, expectancy the
= Va
ory, CPT, and need theory. TMT indicates that CPT
motivation can be understood by the effects of Unweighted
valence
expectancy and value, weakened by delay, with -10 10 *
differences for rewards and losses. The theory is
represented by Equation 5, and here we review -5
its fundamental features. We also consider how
the use of TMT can be harmonized with its four
source theories. Finally, we provide procrastina Weighted valence
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
898 Academy of Management Review October
people ultimately perceive these likelihoods. chotomy indicates that, for each of
We tend to overestimate low-probability events ponents that are affected by
and underestimate high-probability events, as differences (value, expectancy, and
per Figure 3. Also, we have generalized expec further differences depending on
tancies that increase and decrease estimation outcome is perceived negatively o
(Carver & Scheier, 1989). A few specific person Figures 2 and 3, taken from prospe
ality traits that affect expectancies are attribu dicate how value and expectanc
tional style (Weiner, 1991), self-efficacy (Ban transformed. Differences between
dura, 1997), and optimism (Carver & Scheier, negative impulsiveness have not
2002). finitively established, although the
Temporal discounting appears in picoeco to differ. As Camerer et al. (2004) e
nomics and need theory (i.e., press). Being on the view, there are a variety of method
bottom of Equation 5, the closer temporally an founds that can affect discounting
event becomes, the greater its influence will be. cluding the presence of savoring
There are three components of TMT that capture wishing to delay and savor a rew
the effect of time. The first is T, which refers to same outcome can be perceived a
people's sensitivity to delay. In traditional trait gain, depending upon context. Sti
terminology, Monterosso and Ainslie (1999) ar that impulsiveness follows the sam
gue that T is largely equivalent to impulsive value, where losses loom larger. T
ness, and, indeed, several others have gathered consistent with recent psychobiolog
self-report data that empirically support their gations (Ito & Cacioppo, 1999), refle
affinity (Madden, Petry, Badger, & Bickel, 1997; for short-term events (e.g., deve
Ostaszewski, 1996, 1997; Petry, 2001; Richards, feet"), which should be evoluti
Zhang, Mitchell, & de Wit, 1999). Impulsiveness adaptive (Cosmides & Tooby, 2000
should never reach zero and is mostly stable, trend does not preclude atypical
although there may be environmental influenc who are more impulsive for gains.
er/s such as alcohol (i.e., alcohol myopia; Steele
& losephs, 1990) and drug use (Bretteville Hierarchical Nature of TMT
Jensen, 1999; Giordano et al., 2002). The second is
the delay itself?that is, (T - t). Simply, it repre The relationship between TMT a
sents the nearness or time required to realize an nomics, expectancy theory, CPT,
outcome. The third is Z. This is a constant that ory is largely that of simplicity. Th
prevents desire or utility from becoming infinite ries are simplifications of TMT,
when delay is effectively zero. fewer terms or eliminating idiog
Finally, losses and gains are separately cal tion. However, they also have som
culated in both CPT and need theory. This di tures and tend to explore particu
greater depth; for example, only
FIGURE 3 closely examines the role of satia
Weighted Expectancy (ECPT) As a Function of quently, their commonalities do no
Unweighted Expectancy (E), Per Tversky and redundant. As Locke and Latham al
Kahneman's (1992) CPT motivational theories "do not so mu
dict one another as focus on differe
1
the motivational process" (2004: 389
0.8 Er then, that these theories are not in
Et but, rather, should be viewed hiera
Weighted 0.6 CPT (Er+(l-Er)l/y
By "hierarchical," we mean that
expectancy
provides different benefits by focu
0.2 cific components and levels of an
arrangement is already implicit in
0 ?i-1-1-1? sciences, where "domains reach a
0.2 0.4 0.6 0.8
levels of complexity, from chemic
physical chemistry to molecular ge
Unweighted expectancy
ical ecology, and ecological genet
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 899
the new specialties is considered more than a pectancy at all, and its treatment of value is less
focus of research" (Wilson, 1998: 11). For exam sophisticated. But it is extremely explicit regard
ple, a globe, a travel guide, and a housing blue ing temporal issues. When time is the critical
print are all maps, and although they focus on variable, picoeconomics is invaluable. Finally,
different features and levels of complexity, they need theory has elements similar to all those
each have their own purpose and do not make discussed, but they are not always well defined.
the others irrelevant. For example, the theory folds expectancy and
In determining which theory to use, we sup time into the single concept of press. The issue
port Albert Einstein's advice on this matter: this theory best represents is value and how
"Make everything as simple as possible, but not individual differences affect value. When we
simpler." Choose the theory that emphasizes the want to understand how a person's traits affect
features relevant to the issue at hand. The sim his or her behavior, need theory is the most
plest of these is expectancy theory, which comes useful. Of note, even when we recognize that
in two primary forms. Economists typically em individual differences are relevant, measure
ploy a version called "expected utility theory," ment limitations may still preclude their effec
which assumes no individual differences re tive employment.
garding the formulation of expectancies. Proba At the highest level of complexity is TMT, un
bilities reflect the situation entirely, which we der which all the previous theories are nested.
perceive without inflection or error. The theory is This theory is appropriate for explaining situa
normative, reflecting how people should be tions where expectancy, value, and time all af
have, if rational. fect decision making simultaneously and are all
The next level of complexity is subjective ex influenced by individual differences. Because it
pected utility theory, which introduces cognitive has the most number of terms, it is also the most
limitations and allows rationality to be bounded cumbersome to use. However, in the following
(Furnham & Lewis, 1986; Simon, 1955). That is, section we review a common example where all
trading accuracy for ease and speed, it can be these features are needed for explanation.
rational to make adequate although not optimal
decisions based on limited input and processing
(i.e., we satisfice rather than maximize). Subjec
An Example of TMT
tive expected utility theory is partially norma
tive, since the assumption is that we take a Procrastination, a prototypical motivational
rational approach when dealing with our cogni problem, is a phenomenon that occurs in at least
tive constraints. Consequently, expectancy the 95 percent of the population and chronically in
ory and subjective expected utility theory are approximately 15 to 20 percent of adults and in
most applicable to situations where people do 33 to 50 percent of students (Steel, in press). It
approximate rational decision making, such as also appears that oniy TMT can account for its
in aspects of stock market behavior (e.g., Plott, empirical findings. As meta-analytic review in
1986; Smith, 1991). dicates (Steel, in press), the strongest correlates
CPT, picoeconomics, and need theory can all with procrastination are task characteristics
be considered as operating at the next level of and individual-difference variables related to
complexity. Each is descriptive in that it is expectancy (e.g., self-efficacy, task difficulty),
based on empirical findings regarding how peo value (e.g., need for achievement, task aversive
ple actually behave, but each focuses on differ ness), and sensitivity to delay (e.g., impulsive
ent determinants of this behavior. Of these, CPT ness, temporal distance). A viable theory must
is most closely related to expectancy theory. Ex contain variables that address all three of these
pectancy theory is directly nested under CPT, elements at both an individual and situational
representing a special case where all the values level. Since TMT alone does this, no other theory
for the exponential functions are constrained to is feasible. Furthermore, a variety of other re
be to the power of 1 (i.e., exponential functions to sults support the TMT model. Procrastinators
the power of 1 straighten the lines in Figures 2 demonstrate preference reversal, for example,
and 3). CPT emphasizes how people reconcile consistent with hyperbolic discounting (see Fig
pluses and minuses when making decisions. Pi ure 1). That is, they plan to work but change their
coeconomics, however, does not consider ex minds and fail to act on their plans.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
900 Academy of Management Review October
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 901
common language among social scientists. Sec (see Figure 1) and how it is implicitly antici
ond, it should be applicable to complex and pated and counteracted in many political insti
realistic situations, improving description and tutions. He states:
prediction. Finally, it should facilitate the shar In the heat of passion or under the influence of
ing of insights among fields and, consequently, some immediate temptation, an individual can
the generation of novel and plausible hypothe deviate from prudent plans formed in advance or
ses. TMT shows these advantages. do things he will later regret. Groups of individ
Already, researchers are using the critical uals, such as voters or members of a political
assembly, are no less prone to such irrational
components of TMT to investigate topics from an behavior (1992: 39-40).
extremely wide variety of complex fields. For
example, prospect theory and temporal dis To deal with this inherent weakness, constitu
counting have been applied to addictive behav tions are often drawn that enact forms of pre
ior, attention deficit/hyperactivity disorder, con commitment. Part of this precommitment is lim
sumer behavior, health choices, job search, iting rules that we bind ourselves to so as to
military deterrence, soil conversation, strategic avoid later regrettable actions. Another precom
risk behavior, project management, and work mitment is creating a bicameral system, where
place violence (e.g., Barkley, Edwards, Laneri, decision making must pass through two cham
Fletcher, & Metevia, 2001; Baumeister, 2002; Be bers representing the electorate, such as a con
rejikian, 2002; Bleichrodt & Gafni, 1996; Das & gress and a senate (Joint Committee on the Or
Teng, 2001; DellaVigna & Paserman, 2005; Fred ganization of Congress, 1993). Retelling the
erick et al, 2002; Glasner, 2003; Glomb, Steel, & "saucer anecdote" of George Washington helps
Arvey, 2002; Hall & Fong, 2003; Krusell, Kuru??u, to illustrate the wisdom of this built-in delaying
& Smith, 2000; Petry, 2001; Rachlin, 2000; Thaler, mechanism. In a conversation between Thomas
1991; Yesuf, 2003). Also, here we ourselves used Jefferson and Washington, Jefferson asked why
TMT to account for all the observed findings a senate should be established. "Why," Wash
regarding procrastination. If the issue involves ington responded, "do you pour coffee into your
choice, TMT apparently can be applied. saucer?" "To cool it," Jefferson replied. "Even
To further demonstrate the advantages of an so," Washington said. "We pour legislation into
integrative approach, we consider four addi the Senatorial saucer to cool it" (Farrand, 1966:
tional areas. For each of these diverse topics, we 359). Other countries offer similar explanations.
review evidence that TMT describes fundamen In Canada, the Senate is often referred to as "the
tal effects and that there are new or rarely con house of sober second thought."
sidered implications. In increasing levels of Supplementing this political analysis is the
complexity, we first begin with group behavior, issue of the central bank. Central banks are
using it to emphasize both the importance of tempted at times to increase the money supply
temporal discounting and that TMT can be ap and, thus, cause inflation merely to immediately
plied to more than just individuals. Second, we reduce unemployment (for a review see White,
discuss job design, reviewing research indicat 1999). An unconstrained central bank may exces
ing that time and value are factors. Third, we sively exploit this option, to the detriment of the
consider stock market behavior, where both country's long-term economic health. To coun
prospect theory and temporal discounting ap teract this trend, Haubrich (2000) discusses the
pear to be in effect. Finally, we examine goal use of policy rules and removing the central
setting, which potentially exhibits all aspects of bank's discretion. The policy rules are inter
TMT. preted as a form of precommitment, similar to
"Ulysses lashing himself to the mast... as both
[government and central banks] face tempta
Group Behavior
tions to act at a given moment in ways that run
Many individual-level decision-making theo counter to their long-range goals" (Haubrich,
ries, heuristics, and biases are equally appro 2000: 1).
priate for describing group behavior (Pious, However, in the management arena, most
1993). This also appears to be true of TMT. In an team research has adopted a "punctuated equi
intriguing chapter, Elster (1992) examines pref librium" model, championed by Gersick (1991).
erence reversal created by temporal discounting This model suggests that team performance is
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
902 Academy of Management Review October
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 903
Steel, in press), reducing productivity by billions in nature. Specifically, "investors seem to attach
of dollars (Mastrangelo, Everton, & Jolton, 2002). disproportionate importance to short-run eco
If access to these options could be delayed, even nomic developments" (Thaler, 1991: 259). Al
modestly, it would be easier for people to make though De Bondt and Thaler interpret this effect
rational use of them. primarily as an instance of Kahneman and Tver
Needs-based job design shows similar ne sky's (1979) representative heuristic, from a TMT
glect. We have an incomplete understanding re perspective it also appears to be an excellent
garding what tasks typically satisfy what de indication of temporal discounting.
sires. Essentially, we still must link what Consider the effect of bad news. Unlike antic
Dunnette calls "the two worlds of human behav ipated problems, sudden and surprising news of
ioral taxonomies" (1976: 477), a perpetual chal misfortune suggests an impending downturn in
lenge for our field. Schmitt and Robertson (1990) the stock price. The company value will dimin
reflect that this goal has been repeated in virtu ish and, consequently, so will the value of the
ally every selection review. Even Parker and stock. Some selling is, of course, then rational,
Wall note, in their more recent chapter on work and a dip in price is to be expected. However,
design, that "knowledge of individual differ stockholders with a high discount function will
ences as contingencies is scant" (2001: 96). overvalue this imminent loss and will oversell
As TMT indicates, performance is not only the to minimize it. The stock price will plunge past
result of having the appropriate motivational the optimal point, to where it actually becomes
drive; it must be stronger than other competing more rational to buy, given its expected long
drives. In any given job, its associated tasks term performance. This overreaction is formally
may strongly satisfy all the needs of an em exploited in the investment technique called
ployee or perhaps only a few. The remaining "Dogs of the Dow" (O'Higgins, 1991). Also, stock
needs must be met in other ways, perhaps by repurchasing programs seem to be an explicit
ineffective socializing, doodling, or daydream attempt to manage such shareholder short
ing. Consequently, when we design a job, deter sightedness (Sanders & Carpenter, 2003).
mining if strong needs are unlikely to be met
within the job's confines becomes very impor
Goal Setting
tant. Previous reviews by Schneider and Green
(1977) and Cantor and Blanton (1996) indicate One of the most widely used motivational the
that "rogue" needs can detrimentally affect per ories within an industrial/organizational con
formance. text is goal theory (Karoly, 1993), and for good
reason. Extensive study unambiguously indi
Stock Market Behavior cates that goal setting is an extremely powerful
technique (see Locke & Latham, 2002, for a recent
Stock market behavior is largely rational, but review). However, it has its limitations, lacking,
not entirely. Schiller (2000) touches on several for example, "the issue of time perspective"
instances of this, such as the British South Sea (Locke & Latham, 2004: 400). As we will show,
bubble of 1720 or the Japanese real estate bub TMT can account for goal setting's effects and
ble of the late 1980s. More recently, in 1996, the suggests new hypotheses regarding two of its
Dow Jones displayed what Federal Reserve moderators: goal difficulty and proximity. Im
Board Chairperson Alan Greenspan called "irra portantly, these novel predictions cannot be
tional exuberance." Economists have, for the made on the basis of previous attempts to ex
most part, concluded that investors do tend to be plain goal setting (e.g., Carver & Scheier, 1998;
risk averse, in accordance with prospect theory Fried & Slowik, 2004; Locke & Latham, 2002;
and, thus, TMT. However, it appears that the Raynor & Entin, 1982).
stock market is also vulnerable to temporal dis The effectiveness of goal setting can be
counting. largely explained by two aspects of TMT: the
In a series of papers, De Bondt and Thaler (see principle of diminishing returns (see Figure 2)
Thaler, 1991) reviewed research demonstrating and temporal discounting (see Figure 1). Any
that the stock market, as well as stock market division of a project into several smaller and
analysts, overreact to unexpected and dramatic more immediate subgoals appears to take ad
news events, both favorable and disagreeable vantage of these two elements. As mentioned,
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
904 Academy of Management Review October
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 905
ing that it can generate novel and plausible cation and hypothesis generation, it must be
hypotheses. Briefly, the presence of extremely generalizable, showing repeated merit in a va
attractive alternatives (e.g., raising temptation's riety of situations. Future research should focus
utility in Figure 6) can indicate when goal set on evaluating when and to what degree the in
ting will be less effective or ineffective. Also, if cremental variance that TMT provides is signif
there are separate motivational systems for icant. We discuss this further below.
losses and gains, then it may be preferable to Finally, there are a variety of methodologies
emphasize both the positive outcomes for suc with which this future research can be con
cessfully achieving a goal and the penalties for ducted. We suggest that two additional venues
failure. Assessing which system is dominant in should also be strongly considered: a computer
an individual indicates whether losses or gains ized personal system of instruction and com
should be stressed. puter simulations. Although rarely used, these
venues have the advantage of potentially being
FUTURE RESEARCH more realistic and allowing more complexity
while retaining research control of key vari
Aside from improving scientific communica ables. Their nature and advantages are also
tion and hypothesis generation, there are sev further reviewed below.
eral qualitative and quantitative criteria for
model evaluation (Myung, Pit, & Kim, 2004). A
Model Testing: Simplicity Versus Complexity
model should plausibly explain observed find
ings, it should be understandable (i.e., reflect The details of model testing are extensive and
established constructs), it should be falsifiable beyond the scope of any paper except a dedi
(i.e., may be validated), and its predictions cated review (e.g., Myung et al., 2004; Navarro &
should fit the observed data (i.e., "goodness of Myung, 2005). Briefly, it requires the accurate
fit"). TMT, by the very nature of its construction, measurement of the observed behavior, as well
fulfills these standards. as the constructs that are thought to give rise to
The strategy for integration was to focus on the behavior (i.e., specified by the model). To
the most important and heavily validated parts evaluate TMT, we would then need to measure
of the motivational field. Its expectancy and performance, along with both individual and ex
value components have already been well as perimental variables that reflect expectancy,
sessed by many researchers?more recently by value, and delay for both losses and gains. With
Tversky and Kahneman (1992). Its discounting this data, we could compare competing models
function is the culmination of extensive and var using a choice of indices, ones taking into ac
ied investigations, as summarized by Ainslie count both parsimony and completeness (e.g.,
(1992). Needs themselves have been studied for Akaike or Bayesian information criterion). If su
the better part of a century (e.g., Murray, 1938; perior results are again obtained in related data
Winter et al., 1998). Consequently, TMT has al sets (i.e., cross-validation), the model is general
ready been validated piecemeal. Also, adding izable.
extra adjustable parameters will invariably im We do not expect that the full TMT model will
prove fit to some degree (Forster, 2000). TMT consistently be necessary, as we indicated
should account for any observed data better when discussing its hierarchical nature. How
than any of its component theories. Still, there ever, it is difficult to argue why only a subset of
are two other standards to consider. the motivational fundamentals that compose
Part of model development is not only to have TMT ever apply. Such a position is radical and
goodness of fit but to do it parsimoniously. Con unsupported, requiring postulating a new scien
sequently, most model indices penalize for ev tific principle that prevents these fundamental
ery extra parameter (e.g., Akaike Information components from ever operating in concert. Con
Criterion; AIC). Undue complexity is not desir sequently, for complex situations where there is
able, and it remains to be formally shown that an assortment of options, considered by a di
the full TMT model accounts for significantly verse sampling of people, more of TMT's ele
more variance. Furthermore, it is not enough for ments should come into play. We already made
the full TMT model to be rarely useful. If it is to the case that the full TMT model is necessary to
have value beyond aiding scientific communi predict procrastination, as well as touched on a
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
906 Academy of Management Review October
wide variety of topics where it should be appli variables and use them to compare competing
cable. The incremental variance potentially pro models. As the number of variables increases,
vided by TMT will depend on what topic is being there can be technical and administrative ob
investigated and what theory it is being com stacles in gathering the requisite data. In the
pared against. The more complex the topic (e.g., following section we consider two novel venues
consumer behavior) and the simpler the compet that can assist testing and applying complex
ing model (e.g., expected utility theory), the models.
greater TMT's value should be. Naturally, the
converse should also be true.
New Research Venues
It is possible, however, that TMT occasionally
is still not complex enough. One refinement that There are a variety of methodologies that can
future research may want to reconsider is the be used to further study TMT and its implica
approach and avoidance duality. A trichotomy tions. Traditional work on related concepts, es
may be the more appropriate representation. pecially temporal discounting, relied on com
Specifically, the avoidance or negative side of parative psychology (i.e., animal research) and
our nature appears to be less than unitary. For "casino" situations, where expectancy and
expectancy-related research, optimism appears value were expressed explicitly, typically in
to be better understood as three factors: opti terms of ratios, dollars, and deaths. Unfortu
mism, pessimism, and "fighting spirit" (Olason nately, although these situations give a great
& Roger, 2001). For impulsiveness, Cloninger deal of control, their limited realism and com
(1987) posits a tridimensional model, with sepa plexity makes their generalizability suspect (Ba
rate systems for gains (i.e., novelty seeking) and zerman, 2001). Consequently, we recommend
for losses (i.e., harm avoidance), and a third sys that two other venues also be considered: a com
tem he calls "persistence." This three-factor so puterized personal system of instruction and
lution has received recent support (Torrubia, computer simulations.
?vila, Molt?, & Caseras, 2001; Whiteside & Ly Since traditional methodologies have been
nam, 2001). Similarly, people's coping styles for criticized as potentially unrealistic, there has
uncertainty yield three comparable factors been a movement toward naturalistic decision
(Greco & Roger, 2001): emotional uncertainty making research (K?hberger, Schulte-Mecklen
(avoidance), desire for change (approach), and beck, & Perner, 2002). Ideally, we would like to
cognitive uncertainty (persistence). test further refinements to TMT on a wide range
From a broader perspective, Raghunathan of people who are striving at their own pace
and Pham (1999) note substantive differences toward an important goal in a standardized but
between the influences of sadness and anxiety realistic setting where we can precisely but eas
on decision making. Similarly, Krueger (1999), in ily measure their behavior. Although this is a
an examination of mental disorders, found that long list of specifications, there is at least one
a three-factor model explained comorbidity. venue that presently provides all these fea
Specifically, fear and anxiety-misery were best tures?a computerized personal system of in
understood as two subfactors of a high-order struction (C-PSI).
internalizing factor. Finally, recent neuropsy A personal system of instructions or pro
chological reviews do indicate the presence of grammed learning has been in use for decades,
other systems (Gray & McNaughton, 1996; Lang, but a computerized version has several desired
Bradley, & Cuthbert, 1997; Rothbart, Ahadi, & qualities. As used by Steel, Brothen, and Wam
Evans, 2000), such as fight-or-flight. Also, differ bach (2001), hundreds of students simulta
ent brain functions, which our motivational the neously work toward completing a university
ories ultimately model, tend to employ separate course at their own pace, allowing choice and,
as well as common components, making truly thus, motivated behavior. Furthermore, progress
orthogonal factors an inevitable fiction is assessed at an unparalleled number of points
(Damasio, 1994). as the course is broken down into numerous
Regardless of whether the goal is to deter assignments (e.g., seventy-eight), all computer
mine if TMT is too complex or too simple, it is an administered with completion precisely re
empirical matter and the same methodology ap corded. Similarly, a host of other observed and
plies. We must accurately measure the relevant self-report measures can be easily inserted into
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 907
this framework. The only restriction is that stu idating commonalities. Our science would
dents must finish these assignments by the final progress more rapidly by sharing the findings
exam. Consequently, it is a good venue for de from different disciplines. For example, on the
termining if all aspects of TMT are necessary for one hand, the extremely well-supported time
prediction. Similarly, the efficacy of self discounting function evident in behaviorist and
regulatory interventions based on the TMT economic understanding of human nature is
model can be clearly evaluated in this setting. largely overlooked in other areas. In fact, most
We can not only see the outcome but can exam motivational reviews fail to refer to it (e.g., Fran
ine in detail people's progression toward their ken, 1994; Kanfer, 1990; Kleinbeck, Quast, Thi
goals. Future research should consider if other erry, & Hacker, 1990; Mitchell, 1997). On the other
existing realistic research settings could also be hand, economists have maintained, since at
adapted to provide similar benefits (e.g., the least Stigler and Becker (1977), that tastes or
Kanfer-Ackerman Air Traffic Controller Task; cf. preferences?that is, needs or traits?provide lit
Kanfer & Ackerman, 1989). tle or no prediction or explanation of human
Another novel venue for TMT research is the behavior. During the 1970s, this was a plausible
construction of computer simulations. Recent and popular position, even within psychology
advances in parallel computing are allowing us (e.g., Mischel, 1973). However, as Caplan (2003)
to effectively model extremely complex phenom outlines, our empirical findings over the last
ena, such as global weather patterns (Clauer et quarter century indicate that it is increasingly
al., 2000) and applied nuclear physics (Bigelow, outlandish to maintain such a belief.
Moloney, Philpott, & Rothberg, 1995). Conse TMT addresses such dysfunctional separation
quently, this technology is also being applied to by unifying insights from several different the
recondite areas of human decision making, such ories of motivation. Importantly, this is not a
as traffic (Pursula, 1999) and market behavior definitive model accounting for every aspect of
(Janssen & Jager, 2001), as well as several orga human behavior, but it does provide a common
nizational science topics (Hulin, Miner, & Seitz, framework of essential features. Using it, the
2002). Lauded as the "Third Scientific Discipline" extensive contributions from individual disci
(Ilgen & Hulin, 2000), with the first two being plines may be better shared by all, such as cog
experimental and correlational research, it has nitive psychology determining how expectan
the potential to open entirely new lines of study. cies change with experience or the findings
If consensus indicates that TMT does indeed from the self-regulatory disciplines indicating
provide a good approximation of decision mak how impulsiveness may be tempered. As Barrick
ing, TMT will provide the foundation for a new and Mount conclude, "In order for any field of
generation of simulators that can be used to science to advance, it is necessary to have an
initially test a wide variety of motivational in accepted classification scheme for accumulat
terventions, such as compensation systems or ing and categorizing empirical findings" (1991:
job design. Already, a rudimentary model incor 23). This model can provide common ground to
porating the notion of needs, satiation, and tem enable the necessary dialog.
poral discounting exists. It is the The Sims, the
most popular computer game of all time, based REFERENCES
on the principles of consumer and evolutionary
Ainslie, G. 1992. Picoeconomics: The strategic interaction of
psychology (Johnson, 2002; Pearce, 2002).7
successive motivational states within the person. New
York: Cambridge University Press.
CONCLUSION Ainslie, G., & Haslam, N. 1992. Hyperbolic discounting. In
G. Loewenstein & J. Elster (Eds.), Choice over time: 57-92.
Although we have benefited by exploring hu New York: Russell Sage Foundation.
man nature from many different perspectives, Ajzen, I. 1991. A theory of planned behavior. Organizational
we would also gain by considering and consol Behavior and Human Decision Processes, 50: 179-211.
Akerlof, G. A. 1991. Procrastination and obedience. American
Economic Review, 81: 1-19.
7 For an interesting application, see the political econo Albanese, P. J. 1987. The nature of preferences: An explora
mist Heath (2001), who used The Sims to simulate the effects tion of the relationship between economics and psychol
of lifestyle choices on work-family conflict. ogy. Journal of Economic Psychology, 8: 3-18.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
908 Academy of Management Review October
Allport, G. W. 1961. Paffern and growth in personality. New personality: Some unanswered questions and unre
York: Holt. solved issues. In R. S. Wyer, Jr., & T. K. Srull (Eds), Social
Antonides, G. 1991. Psychology in economics and business. intelligence and cognitive assessments of personality:
Dordrecht, Netherlands: Kluwer Academic. Advances in social cognition, vol. 2: 93-109. Mahwah, NJ:
Lawrence Erlbaum Associates.
Atkinson, J. W. 1957. Motivational determinants of risk
taking behavior. Psychological Review, 64: 359-372. Carver, C. S., & Scheier, M. F. 1998. On the self-regulation of
behavior. New York: Cambridge University Press.
Atkinson, J. W. 1964. An introduction to motivation. New York:
Van Nostrand. Carver, C. S., & Scheier, M. F. 2002. Optimism. In C. R. Snyder
& S. J. Lopez (Eds.), Handbook of positive psychology:
Bandura, A. 1997. Self-efficacy: The exercise of control. New 231-243. London: Oxford University Press.
York: Freeman.
Carver, C. S., Sutton, S. K., & Scheier, M. F. 2000. Action,
Bandura, A., & Locke, E. A. 2003. Negative self-efficacy and emotion, and personality: Emerging conceptual integra-;
goal effects revisited. Journal of Applied Psychology, 88: tion. Personality and Social Psychology Bulletin, 26: 741?
87-99. 751.
Berkley, R. A., Edwards, G., Laneri, M., Fletcher, K., & Mete Chang, A., Bordia, P., & Duck, J. 2003. Punctuated equilibrium
via, L. 2001. Executive functioning, temporal discount and linear progression: Toward a new understanding of
ing, and sense of time in adolescents with attention group development. Academy of Management Journal,
deficit hyperactivity disorder (ADHD) and oppositional 46: 106-117.
defiant disorder (ODD). Journal of Abnormal Child Psy
chology, 29: 541-556. Chung, S., & Herrnstein, R. J. 1967. Choice and delay of
reinforcement. Journal of the Experimental Analysis of
Barrick, M. R., & Mount, M. K. 1991. The Big Five personality Behavior, 10: 67-74.
dimensions and job performance: A meta-analysis. Per
sonnel Psychology, 44: 1-26. Clauer, C. R., Gombosi, T. L, De Zeeuw, D. L., Ridley,
R. J., Powell, K. G., van Leer, B., Stout, Q. F., Groth,
Baumeister, R. F. 2002. Yielding to temptation: Self-control C. P. T., & Holzer, T. E. 2000. High performance computer
failure, impulse purchasing, and consumer behavior. methods applied to space weather simulations. IEEE
Journal of Consumer Behavior, 28: 670-676. Transaction on Plasma Science, 28: 1931-1937.
Bazerman, M. H. 2001. The study of "real" decision making. Cloninger, C. R. 1987. A systematic method for clinical de
Journal of Behavioral Decision Making, 14: 353-384. scription and classification of personality variants. Ar
Berejikian, J. D. 2002. A cognitive theory of deterrence. Jour chives of General Psychiatry, 44: 573-588.
nal of Peace Research, 39: 165-183.
Cooksey, R. W. 2001. Pursuing an integrated decision sci
Bernoulli, D. 1954. (First published in 1738.) Exposition of a ence: Does "naturalistic decision making" help or
new theory of the measurement of risk. Econometrica, 22: hinder? Journal of Behavioral Decision Making, 14: 361?
23-36. 362.
Bigelow, R., Moloney, M. J., Philpott, J., & Rothberg, J. 1995. Cosmides, L., & Tooby, J. 2000. Evolutionary psychology and
Nuclear and particle physics simulations: The consor the emotions. In M. Lewis & J. M. Haviland-Jones (Eds.),
tium of upper-level physics software. New York: Wiley. Handbook of emotions (2nd ed.): 91-115. New York: Guil
ford Press.
Bleichrodt, H., & Gafni, A. 1996. Time preference, the dis
counted utility model and health. Journal of Health Eco Damasio, A. R. 1994. Descartes' error: Emotion, reason, and
nomics, 15: 49-67. the human brain. New York: Putnam.
Brackin, T., Ferguson, E., Skelly, B., & Chambliss, C. 2000. Das, T. K., & Teng, B.-S. 2001. Strategic risk behavior and its
College students' use of electronic communication tech temporalities: Between risk propensity and decision
nology: Introverts versus extraverts. Working paper, Ur context. Journal of Management Studies, 28: 515-534.
sinus College, Collegeville, PA. Dawes, R. M. 1998. Behavioral decision making and judg
Bretteville-Jensen, A. L. 1999. Addiction and discounting. ment. In D. T. Gilbert & S. T. Fiske (Eds.), The handbook
Journal of Health Economics, 18: 393-407. of social psychology, vol. 2 (4th ed.): 497-548. Boston,
McGraw-Hill.
Camerer, C. F., Loewenstein, G., & Rabin, M. (Eds.). 2004.
Advances in behavioral economics. Princeton, NJ: DellaVigna, S., & Paserman, M. D. 2005. Job search and im
Princeton University Press. patience. Journal of Labor Economics, 23: 527-588.
Cantor, N., & Blanton, H. 1996. Effortful pursuit of personal Dollard, J., & Miller, N. E. 1950. Personality and psychother
goals in daily life. In P. M. Gollwitzer & J. A. Bargh (Eds.), apy: An analysis in terms of learning, thinking, and
The psychology of action: Linking cognition and motiva culture. New York: McGraw-Hill.
tion to behavior: 338-359. New York: Guilford Press.
Donovan, J. J. 2001. Work motivation. In N. Anderson,
Caplan, B. 2003. Stigler-Becker versus Myers-Briggs: Why D. S. Ones, H. K. Sinangil, & C. Viswesvaran (Eds.),
preference-based explanations are scientifically mean Handbook of industrial and organizational psychology,
ingful and empirically important. Journal of Economic vol. 2: 53-76. Thousand Oaks, CA: Sage.
Behavior and Organization, 50: 391-405. Drucker, P. F. 1954. The practice of management. New York:
Carver, C. S? & Scheier, M. F. 1989. Social intelligence and Harper & Row.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 909
Dunnette, M. D. 1976. Aptitudes, abilities, and skill. In and stab wounds: Antecedents, consequences, and im
M. D. Dunnette (Ed.), Handbook of industrial and orga plications of workplace violence and aggression. In
nizational psychology: 473-520. Chicago: Rand McNally. R. Lord, R. Klimoski, & R. Kanfer (Eds.), Frontiers of in
Eisenberger, R. 1992. Learned industriousness. Psychological dustrial and organizational psychology: Emotions and
Review, 99: 248-267. work: 227-259. San Francisco: Jossey-Bass.
Eisenhardt, K. M., & Zbaracki, M. J. 1992. Strategic decision Gollwitzer, P. M. 1996. The volitional benefits from planning.
making. Strategic Management Journal, 13: 17-37. In P. M. Gollwitzer & J. A. Bargh (Eds.), The psychology of
action: Linking cognition and motivation to behavior:
Elliot, A. J., & Thrash, T. M. 2002. Approach-avoidance moti 287- 312. New York: Guilford Press.
vation in personality: Approach and avoidance temper
aments and goals. Journal of Personality and Social Gray, J. A., & McNaughton, N. 1996. The neuropsychology of
Psychology, 82: 804-818. anxiety: Reprise. In D. A. Hope (Ed.), Perspectives on
panic, anxiety, and fear: 61-134. Lincoln: University of
Elster, J. 1992. Intertemporal choice and political thought. In Nebraska Press.
G. Loewenstein & J. Elster (Eds.), Choice over time: 35-53.
New York: Russell Sage Foundation. Greco, V., & Roger, D. 2001. Coping with uncertainty: The
construction and validation of a new measure. Person
Epstein, S., & O'Brien, E. J. 1985. Person-situation debate in
ality and Individual Differences, 31: 519-534.
historical and current perspective. Psychological Bulle
tin, 98: 513-537. Green, L., Myerson, J., & McFadden, E. 1997. Rate of temporal
Farrand, M. (Ed.) 1966. Records of the federal convention, vol. discounting decreases with amount of reward. Memory
& Cognition, 25: 715-723.
3. New Haven, CT: Yale University Press.
Hackman, J. R., & Oldham, G. R. 1976. Motivation through the
Fechner, G. T. 1966. (First published on 1860.) Elements of
design of work: Test of a theory. Organizational Behav
psychophysics. (Translated by H. E. Adler.) New York:
ior and Human Performance, 16: 250-279.
Holt, Rinehart & Winston.
Fennema, H., & Wakker, P. 1997. Original and cumulative Hall, P. A., & Fong, G. T. 2003. The effects of a brief time
prospect theory: A discussion of empirical differences. perspective intervention for increasing physical activity
Journal of Behavioral Decision Making, 10: 53-64. among young adults. Psychology and Health, 18: 685
706.
Fisher, I. 1930. The theory of interest. New York: Macmillan.
Haubrich, J. G. 2000. Waiting for policy rules. Cleveland:
Forster, M. R. 2000. Key concepts in model selection: Perfor Federal Reserve Bank of Cleveland.
mance and generalizability. Journal of Mathematical
Psychology, 44: 205-231. Heath, J. 2001. The efficient society. Toronto: Penguin Books.
Franken, R. E. 1994. Human motivation (3rd ed.). Pacific Herrnstein, R. J. 1979. Derivatives of matching. Psychological
Grove, CA: Brooks/Cole. Review, 86: 486-495.
Frederick, S., Loewenstein, G., & O'Donoghue, T. 2002. Time Herzberg, F. 1966. Work and nature of man. Cleveland:
discounting and time preference: A critical review. Jour World.
nal of Economic Literature, 40: 351-401.
Ho, M.-Y., Mobini, S., Chiang, T. J., Bradshaw, C. M., &
Fried, Y., & Slowik, L. H. 2004. Enriching goal-setting theory Szabadi, E. 1999. Theory and method in quantitative
with time: An integrated approach. Academy of Man analysis of "impulsive choice" behavior: Implications
agement Review, 29: 404-422. for psychopharmacology. Psychopharmacology, 146:
362-372.
Furnham, A., & Lewis, A. 1986. The economic mind. New York:
St. Martin's Press. Hulin, C Miner, A. G., & Seitz, S. T. 2002. Computational
Gersick, C. J. G. 1989. Marking time: Predictable transitions modelling in organizational sciences: Contributions of a
in task groups. Academy of Management Journal, 33: third discipline. In F. Drasgow & N. Schmitt (Eds.), Mea
274-309. suring and analysing behaviour in organizations: Ad
vances in measurement and data analysis: 498-533. San
Gersick, C. J. G. 1991. Revolutionary change theories: A mul Francisco: Jossey-Bass.
tilevel exploration of the punctuated equilibrium para
digm. Academy of Management Review, 16: 10-37. Hull, C. L. 1943. Principles of behavior. New York: Appleton
Century-Crofts.
Giordano, L. A., Bickel, W. K., Loewenstein, G., Jacobs,
E. A., Marsch, L., & Badger, G. J. 2002. Mild opioid depri Hunton, J. E., Hall, T. W., & Price, K. H. 1998. The value of voice
vation increases the degree that opioid-dependent out in participative decision making. Journal of Applied Psy
patients discount delayed heroin and money. Psycho chology, 83: 788-797.
pharmacology, 163: 174-182. Ilgen, D. R., & Hulin, C. L. (Eds.). 2000. Computational mod
Glasner, S. V. 2003. Motivation and addiction: The role of eling of behavior in organizations: The third scientific
incentive processes in understanding and treating ad discipline. Washington, DC: American Psychological
dictive disorders. In W. M. Cox & E. Klinger (Eds.), Hand Association.
book of motivational counseling: 29-47. New York: Ito, T. A., & Cacioppo, J. T. 1999. The psychophysiology of
Wiley. utility appraisals. In D. Kahneman, E. Diener, &
Glomb, T., Steel, P., & Arvey, R. 2002. Office sneers, snipes, N. Schwartz (Eds.), Well-being: The foundations ofhedon
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
910 Academy of Management Review October
ic psychology: 470-488. New York: Russell Sage Founda Langley, A., Mintzberg, H., Pitcher, P., Posada, E., & Saint
tion. Macary, J. 1995. Opening up decision making: The view
from the black stool. Organization Science, 6: 260-279.
Janssen, M. A., & Jager, W. 2001. Fashions, habits and chang
ing preferences: Simulation of psychological factors af Larrick, R. P. 1993. Motivational factors in decision theories:
fecting market dynamics. Journal of Economic Psychol The role of self-protection. Psychological Bulletin, 113:
ogy, 22: 745-772. 440-450.
Johnson, S. 2002. Wild things. Wired Magazine, http:// Latham, G. P., & Seijts, G. H. 1999. The effects of proximal and
www.wired.com/wired/archive/10.03/aigames_pr.html, distal goals on performance on a moderately complex
accessed May 26, 2003. task. Journal of Organizational Behavior, 20: 421-429.
Joint Committee on the Organization of Congress. 1993. Bi Lavoie, J. A. A., & Pychyl, T. A. 2001. Cyberslacking and the
cameral relations and interchamber cooperation. Final procrastination superhighway: A web-based survey of
report of the Joint Committee on the Organization of online procrastination, attitudes, and emotion. Social
Congress, http://www.house.gov/archives/jcoc2.htm, ac Science Computer Review, 19: 431-444.
cessed May 20, 2003. Leonard, N. H., Beauvais, L. L., & Scholl, R. W. 1999. Work
Judge, T. A., & Hies, R. 2002. Relationship of personality to motivation: The incorporation of self-concept-based pro
performance motivation: A meta-analytic review. Jour cesses. Human Relations, 52: 969-998.
nal of Applied Psychology, 87: 797-807.
Levy, J. S. 1992. An introduction to prospect theory. Political
Kahneman, D., & Tversky, A. 1979. Prospect theory: An anal Psychology, 13: 171-186.
ysis of decision under risk. Econometrica, 47: 263-291.
Locke, E. A., & Latham, G. P. 2002. Building a practically
Kanfer, R. 1990. Motivation theory. In M. Dunnette & useful theory of goal setting and task motivation: A 35
L. Houghs (Eds.), Handbook of industrial and organiza year odyssey. American Psychologist, 57: 705-717.
tional psychology, vol. 1 (2nd ed.): 124-151. Palo Alto, CA: Locke, E. A., & Latham, G. P. 2004. What should we do about
Consulting Psychologists Press. motivation theory? Six recommendations for the twenty
Kanfer, R., & Ackerman, P. L. 1989. Motivation and cognitive first century. Academy of Management Review, 29: 388
abilities: An integrative/aptitude-treatment interaction 403.
approach to skill acquisition. Journal of Applied Psy Loewenstein, G. 1992. The fall and rise of psychological
chology, 74: 657-690. explanations in the economics of intertemporal choice.
Kanfer, R., & Ackerman, P. L. 1996. A self-regulatory skills In G. Loewenstein & J. Elster (Eds.), Choice over time:
perspective to reducing cognitive interference. In 3-34. New York: Russell Sage Foundation.
I. G. Sarason, G. R. Pierce, & B. R. Sarason (Eds.), Cog Loewenstein, G. 1996. Out of control: Visceral influences on
nitive interference: Theories, methods, and findings: 153?
behavior. Organizational Behavior and Human Decision
171. Mahwah, NJ: Lawrence Erlbaum Associates. Processes, 65: 272-292.
Kanigel, R. 1997. The one best way: Frederick Winslow Taylor Loewenstein, G., & Elster, J. 1992. Choice over time. New
and the enigma of efficiency. New York: Viking Press.
York: Russell Sage Foundation.
Karoly, P. 1993. Mechanisms of self-regulation: A systems Loewenstein, G., & Prelec, D. 1992. Anomalies in intertempo
view. Annual Review of Psychology, 44: 23-52. ral choice: Evidence and an interpretation. In G. Loe
Klein, H. J. 1989. An integrated control theory model of work wenstein & J. Elster (Eds.), Choice over time: 119-145.
motivation. Academy of Management Review, 14: 150? New York: Russell Sage Foundation.
172.
Logue, A. W., Rodriguez, M. L., Pe?a-Correal, T. E., & Mauro,
Kleinbeck, U., Quast, H.-H., Thierry, H., & Hacker, H. (Eds.). B. C. 1984. Choice in a self-control paradigm: Quantifi
1990. Work motivation. Hillsdale, NJ: Lawrence Erlbaum cation of experience-based differences. Journal of the
Associates. Experimental Analysis of Behavior, 41: 53-67.
Krueger, R. F. 1999. The structure of common mental disor Lopes, L. L. 1994. Psychology and economics: Perspectives on
ders. Archives of General Psychiatry, 56: 921-926. risk, cooperation, and the marketplace. Annual Review
of Psychology, 45: 197-227.
Krusell, P., Kurus?u, B., & Smith, A. A. 2000. Tax policy with
quasi-geometric discounting. International Economic Luce, R. D. 1990. Rational versus plausible accounting equiv
Journal, 14(3): 1-40. alences in preference judgments. Psychological Science,
1: 225-234.
K?hberger, A., Schulte-Mecklenbeck, M., & Perner, J. 2002.
Framing decisions: Hypothetical and real. Organiza Madden, G. J., Petry, N. M., Badger, G. J., & Bickel, W. K. 1997.
tional Behavior and Human Decision Processes, 89:1162 Impulsive and self-control choices in opioid-dependent
1175. patients and non-drug-using control patients: Drug and
monetary rewards. Experimental and Clinical Psycho
Lang, P. J., Bradley, M. M., & Cuthbert, B. N. 1997. Motivated
pharmacology, 5: 256-262.
attention: Affect, activation, and action. In P. J. Lang &
R. F. Simons (Eds.), Attention and orienting: Sensory and Mastrangelo, P. M., Everton, W., & Jolton, J. A. 2002. Exploring
motivational processes: 97-135. Mahwah, NJ: Lawrence facets and correlates of counterproductive computer use
Erlbaum Associates. at work. Poster session presented at the annual meeting
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 911
of the Society of Industrial Organizational Psychology, Olason, D. T., & Roger, D. 2001. Optimism, pessimism, and
Toronto. "fighting spirit": A new approach to assessing expec
tancy and adaptation. Personality and Individual Differ
Mazur, J. E. 1987. An adjusting procedure for studying de ences, 31: 755-768.
layed reinforcement. In M. L. Commons & J. E. Mazur
(Eds.), The effect of delay and of intervening events on Ostaszewski, P. 1996. The relation between temperament
reinforcement value: Quantitative analyses of behavior, and rate of temporal discounting. European Journal of
vol. 5: 55-73. Hillsdale, NJ: Lawrence Erlbaum Associ Personality, 10: 161-172.
ates.
Ostaszewski, P. 1997. Temperament and the discounting of
Mazur, J. E. 1998. Procrastination by pigeons with fixed delayed and probabilistic rewards: Conjoining Euro
interval response requirements. Journal of the Experi pean and American psychological traditions. European
mental Analysis of Behavior, 69: 185-197. Psychologist, 2: 35-43.
Mazur, J. E. 2001. Hyperbolic value addition and general Parker, S. K? & Wall, T. D. 2001. Work design: Learning from
models of animal choice. Psychological Review, 108: 96 the past and mapping a new terrain. In N. Anderson,
112. D. S. Ones, H. K. Sinangil, & C. Viswesvaran (Eds.),
Handbook of industrial, work and organizational psy
McClelland, D. C. 1985. How motives, skills, and values de
chology. Volume 1: Personnel psychology: 90-109. Thou
termine what people do. American Psychologist, 40: 812? sand Oaks, CA: Sage.
825.
Pearce, C. 2002. Sims, battlebots, cellular automata god and
McSweeney, F. K., & Swindell, S. 1999. General-process the go. Game Studies, 2. http://www.gamestudies.org/0102/
ories of motivation revisited: The role of habituation.
pearce/, accessed May 27, 2003.
Psychological Bulletin, 125: 437-457.
Petry, N. M. 2001. Pathological gamblers, with and without
Meilers, B. A., Schwartz, A., & Cooke, A. D. J. 1998. Judgment substance abuse disorders, discount delayed rewards at
and decision making. Annual Review of Psychology, 49: high rates. Journal of Abnormal Psychology, 110: 482
447-477. 487.
Mischel, W. 1973. Toward a cognitive social learning recon Pinker, S. 2002. The blank slate: The modern denial of human
ceptualization of personality. Psychological Review, 80: nature. New York: Penguin.
252-283.
Plott, C. R. 1986. Rational choice in experimental markets.
Mischel, W., & Shoda, Y. 1999. Integrating dispositions and Journal of Business, 59: 301-327.
processing dynamics within a unified theory of person
Pious, S. 1993. Psychology of judgment and decision making.
ality: The cognitive-affective personality system. In
Philadelphia: Temple University Press.
L. A. Pervin & O. P. John (Eds.), Handbook of personality:
Theory and research (2nd ed.): 197-218. New York: Guil Pursula, M. 1999. Simulation of traffic systems: An overview.
ford Press. Journal of Geographic Information and Decision Analy
sis, 3(1): 1-8.
Mitchell, T. 1997. Matching motivational strategies with or
ganizational contexts. Research in Organizational Be Rachlin, H. 2000. The science of self-control. Cambridge, MA:
havior 19: 57-149. Harvard University Press.
Monterosso, J., & Ainslie, G. 1999. Beyond discounting: Pos Raghunathan, R., & Pham, M. T. 1999. All negative moods are
sible experimental models of impulse control. Psycho not equal: Motivational influences of anxiety and sad
pharmacology, 146: 339-347. ness on decision making. Organizational Behavior and
Human Decision Processes, 79: 56-77.
Murray, H. A. 1938. Explorations in personality. New York:
Oxford University Press. Raynor, J. O., & Entin, E. E. 1982. Achievement motivation as
a determinant of persistence in contingent and noncon
Myerson, J., & Green, L. 1995. Discounting of delayed re tingent paths. In J. O. Raynor & E. E. Entin (Eds.), Moti
wards: Models of individual choice. Journal of the Ex vation, career striving, and aging: 83-92. Washington,
perimental Analysis of Behavior, 64: 263-276. DC: Hemisphere.
Myung, I. J., Pitt, M. A., & Kim, W. 2004. Model evaluation, Richards, J. B., Zhang, L., Mitchell, S. H., & de Wit, H. 1999.
testing and selection. In K. Lambert & R. Goldstone Delay or probability discounting in a model of impulsive
(Eds.), The handbook of cognition: 422-436. Thousand behavior: Effect of alcohol. Journal of the Experimental
Oaks, CA: Sage. Analysis of Behavior, 71: 121-143.
Navarro, D. J., & Myung, I. J. 2005. Model evaluation and Romanelli, E., & Tushman, M. L. 1994. Organizational trans
selection. In B. Everitt & D. Howel (Eds.), Encyclopedia of formation as punctuated equilibrium: An empirical test.
behavioral statistics, vol. 3: 1239-1242. Chichester, UK: Academy of Management Journal, 37: 1141-1166.
Wiley.
Rothbart, M. K., Ahadi, S. A., & Evans, D. E. 2000. Tempera
Naylor, J. C, Pritchard, R. D., & Ilgen, D. R. 1980. A theory of ment and personality: Origins and outcomes. Journal of
behavior in organizations. New York: Academic Press. Personality and Social Psychology, 78: 123-135.
O'Higgins, M. 1991. Beating the Dow. New York: Harper Col Rotter, J. B. 1954. Social learning and clinical psychology.
lins. New York: Prentice-Hall.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
912 Academy of Management Review October
Sanders, W. G., & Carpenter, M. A. 2003. Strategic satisfy ti (Eds.), Thinking clearly about psychology, vol. 2:10-35.
ing? A behavioral agency perspective on stock repur Minneapolis: University of Minnesota Press.
chasing program announcements. Academy of Manage Thaler, R. H. 1991. Quasi rational economics. New York: Rus
ment Journal, 46: 160-178.
sell Sage Foundation.
Savage, T. 2000. Artificial motives: A review of motivation in Thaler, R. H. 1992. The winner's curse. Princeton, NJ: Prince
artificial creatures. Connection Science, 12: 211-277.
ton University Press.
Schiller, R. J. 2000. Irrational exuberance. Princeton, NJ: Torrubia, R., ?vila, C, Molt?, J., & Caseras, X. 2001. The
Princeton University Press. sensitivity to punishment and sensitivity to reward
Schmitt, N? & Robertson, I. 1990. Personnel selection. Annual questionnaire (SPSRQ) as a measure of Gray's anxiety
Review of Psychology, 41: 289-319. and impulsivity dimensions. Personality and Individual
Differences, 31: 837-862.
Schneider, F. W., & Green, J. E. 1977. The need for affiliation
Trope, Y., & Liberman, N. 2003. Temporal construal. Psycho
and sex as moderators of the relationship between need
logical Review, 110: 403-421.
for achievement and academic performance. Journal of
School Psychology, 15: 269-277. Tversky, A., & Kahneman, D. 1992. Advances in prospect
theory: Cumulative representation of uncertainty. Jour
Schouwenburg, H. C, & Groenewoud, J. T. 1997. Studieplan
nal of Risk and Uncertainty, 5: 297-323.
ning: Ein werkboek voor Studenten [Study planning: A
workbook for students]. Groningen, Netherlands: Vancouver, J. B., Thompson, C. M., & Williams, A. A. 2001. The
Wolters-Noordhoff. changing signs in the relationships among self-efficacy,
personal goals, and performance. Journal of Applied
Schwartz, B. 1989. Psychology of learning and behavior (3rd Psychology, 86: 605-620.
ed.). New York: Norton.
Van Eerde, W., & Thierry, H. 1996. Vroom's expectancy mod
Shizgal, P. 1999. On the neural computation of utility: Impli els and work-related criteria: A meta-analysis. Journal
cations from studies of brain stimulation reward. In
of Applied Psychology, 81: 575-586.
D. Kahneman, E. Diener, & N. Schwartz (Eds.), Well
being: The foundations of hedonic psychology: 500-524. Vroom, V. H. 1964. Work and motivation. New York: Wiley.
New York: Russell Sage Foundation. Waller, M. J., Conte, J. M., Gibson, C. B., & Carpenter,
Simon, H. A. 1955. A behavioral model of rational choice. M. A. 2001. The effect of individual perceptions of dead
lines on team performance. Academy of Management
Quarterly Journal of Economics, 69: 88-118.
Review, 26: 586-600.
Skinner, E. A. 1996. A guide to constructs of control. Journal of
Waller, M. J., Zellmer-Bruhn, M. E., & Giambatista, R. C. 2002.
Personality and Social Psychology, 71: 549-570.
Watching the clock: Group pacing behavior under dy
Smith, V. L. 1991. Rational choice: The contrast between namic deadlines. Academy of Management Journal, 45:
economics and psychology. Journal of Political Econom 1046-1055.
ics, 99: 877-897.
W?rneryd, K. E. 1988. Economic psychology as a field of
Staats, A. W. 1999. Unifying psychology requires new infra study. In W. F. Raaij, G. M. van Veldhoven, & K. E. W?rn
structure, theory, method, and a research agenda. .Re eryd (Eds.), Handbook of economic psychology: 3-38. Bos
view of General Psychology, 3: 3-13. ton: Kluwer Academic.
Steel, P. In press. The nature of procrastination: A meta Weiner, B. 1990. History of motivational research in educa
analytic and theoretical review of quintessential self tion. Journal of Educational Psychology, 3: 616-622.
regulatory failure. Psychological Bulletin.
Weiner, B. 1991. Metaphors in motivation and attribution.
Steel, P., Brothen, T., & Wambach, C. 2001. Procrastination American Psychologist, 46: 921-930.
and personality, performance, and mood. Personality
White, L. H. 1999. The theory of monetary institutions. Mai
and Individual Differences, 30: 95-106.
den, MA: Blackwell.
Steele, C. M., & Josephs, R. A. 1990: Alcoholic myopia: Its
Whiteside, S. P., & Lynam, D. R. 2001. The five factor model
prized and dangerous effects. American Psychologist,
and impulsivity: Using a structural model of personality
45: 921-933.
to understand impulsivity. Personality and Individual
Steers, R. M., Mowday, R. T., & Shapiro, D. L. 2004. The future Differences, 30: 669-689.
of work motivation theory. Academy of Management
Wilson, E. O. 1998. Consilience: The unity of knowledge. New
Review, 29: 379-387.
York: Knopf.
Stigler, G., & Becker, G. 1977. De gustibus non est disputan
Winter, D. G. 1996. Personality: Analysis and interpretation of
dum. American Economic Review, 67: 76-90. lives. New York: McGraw-Hill.
Taylor, F. W. 1911. The principles of scientific management. Winter, D. G., John, O. P., Stewart, A. J.# Klohnen, E. C, &
New York: Harper & Brothers. Duncan, L. E. 1998. Traits and motives: Towards an inte
Tellegen, A. 1991. Personality traits: Issues of definition, ev gration of two traditions in personality research. Psycho
idence, and assessment. In W. M. Grove & D. Chicchet logical Review, 105: 230-250.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms
2006 Steel and K?nig 913
Yesuf, M. 2003. Attitude measures towards risk and rate of Zeidner, M., Boekaerts, M., & Pintrich, P. R. 2000. Self-regulation:
time preference: Experimental evidence in Ethiopia. Pa Directions and challenges for future research. In M. Boek
per presented at the First International Conference on aerts, P. R. Pintrich, & M. Zeidner (Eds.), Handbook of self
the Ethiopian Economy, Addis Ababa, Ethiopia. regulation: 749-768. New York: Academic Press.
This content downloaded from 193.226.62.221 on Sat, 24 Jun 2017 10:07:37 UTC
All use subject to http://about.jstor.org/terms