How do people decide whether to sacrifice now for a future reward or to enjoy themselves in the present? Do the future gains of putting money in a pension fund outweigh going to Hawaii for New Year's Eve? Why does a person's self-discipline one day often give way to impulsive behavior the next? Time and Decision takes up these questions with a comprehensive collection of new research on intertemporal choice, examining how people face the problem of deciding over time.

Economists approach intertemporal choice by means of a model in which people discount the value of future events at a constant rate. A vacation two years from now is worth less to most people than a vacation next week. Psychologists, on the other hand, have focused on the cognitive and emotional underpinnings of intertemporal choice. Time and Decision draws from both disciplinary approaches to provide a comprehensive picture of the various layers of choice involved.

Shane Frederick, George Loewenstein, and Ted O'Donoghue introduce the volume with an overview of the research on time discounting and focus on how people actually discount the future compared to the standard economic model. Alex Kacelnik discusses the crucial role that the ability to delay gratification must have played in evolution. Walter Mischel and colleagues review classic research showing that four year olds who are able to delay gratification subsequently grow up to perform better in college than their counterparts who chose instant gratification. The book also delves into the neurobiology of patience, examining the brain structures involved in the ability to withstand an impulse.

Turning to the issue of self-control, Klaus Wertenbroch examines the relationship between consumption and available resources, showing, for example, how a high credit limit can lead people to overspend. Ted O'Donoghue and Matthew Rabin show how people's awareness of their self-control problems affects their decision-making. The final section of the book examines intertemporal choice with regard to health, drug addiction, dieting, marketing, savings, and public policy.

All of us make important decisions every day-many of which profoundly affect the quality of our lives. Time and Decision provides a fascinating look at the complex factors involved in how and why we make our choices, so many of them short-sighted, and helps us understand more precisely this crucial human frailty.

GEORGE LOEWENSTEIN is professor of economics and psychology, Department of Social and Decision Sciences, Carnegie Mellon University.

DANIEL READ is reader in operational research, London School of Economics and Political Science.

ROY F. BAUMEISTER is the Eppes Professor of Psychology, Florida State University.

People do not choose to suffer from catastrophic illnesses, but considerable human choice is involved in the ways in which the participants in the process treat and conduct research on these diseases.

Catastrophic Diseases draws a powerful and humane portrait of the patients who suffer from these illnesses as well as of the physician-investigators who treat them, and describes the major pressures, conflicts, and decisions which confront all of them. By integrating a discussion of "facts" and "values," the authors highlight the forces which affect new developments in medicine—such as kidney and heart transplants—and the controversial issues they generate.

Katz and Capron explore these issues through the use of dual conceptual perspectives. Their study first examines and evaluates the authority which should be vested in each of the chief participants in the catastrophic disease process—the physician-investigator, the patient-subject and his relatives, the professionals, and the state. Challenging questions are raised concerning medical education, informed consent, and professional responsibility. The authors next explore how the roles and capacities of the participants vary not only according to the basic issues they face but also according to the point in decision-making at which these issues arise. The process of investigating and treating catastrophic diseases, the authors believe, can thus usefully be divided into three decision-making stages—the formulation of policy, the administration of research and therapy, and the review of the decisions and their consequences.

In conclusion, Katz and Capron demonstrate the need for a variety of individuals and groups with diverse values to be involved in decision-making in a manner which will not unnecessarily impede the scientific investigation of these diseases.

JAY KATZ is professor (adjunct) of law and psychiatry at Yale Law School.

ALEXANDER MORGAN CAPRON is associate professor of law at the University of Pennsylvania Law School.

This unique comparative study looks at efforts to regulate carcinogenic chemicals in several Western democracies, including the United States, and finds marked national differences in how conflicting scientific interpretations and competing political interests are resolved. Whether risk issues are referred to expert committees without public debate or debated openly in a variety of forums, patterns of interaction among experts, policy makers, and the public reflect fundamental features of each country's political culture.

"A provocative argument....Poses interesting questions for the sociology of science, especially science produced for public debate."—Contemporary Sociology

SHEILA JASANOFF is Pforzheimer Professor of Science and Technology Studies at Harvard University’s John F. Kennedy School of Government.

A Volume in the the Russell Sage Foundation's Social Science Frontiers Series

Makes a major contribution to current research on children by providing a broad view of up-to-date, authoritative material in many different areas. Contributors have selected and interpreted the relevant material in reference to the practitioner's interests and needs. The chapters, written by prominent specialists, cover various topics in child development from early periods of socialization to the development of higher mental processes, and include two chapters dealing with genetic and neurophysiological bases of behavior.

MARTIN L. HOFFMAN is professor of psychology and chairman of the doctoral program in developmental psychology at the University of Michigan.

LOIS WLADIS HOFFMAN has been research associate at the Research Center for Group Dynamics at the University of Michigan, and is currently associated with the Society for Research in Child Development.

Makes a major contribution to current research on children by providing a broad view of up-to-date, authoritative material in many different areas. Contributors have selected and interpreted the relevant material in reference to the practitioner's interests and needs. The chapters, written by prominent specialists, cover various topics in child development from early periods of socialization to the development of higher mental processes, and include two chapters dealing with genetic and neurophysiological bases of behavior.

MARTIN L. HOFFMAN is professor of psychology and chairman of the doctoral program in developmental psychology at the University of Michigan.

LOIS WLADIS HOFFMAN has been research associate at the Research Center for Group Dynamics at the University of Michigan, and is currently associated with the Society for Research in Child Development.

Drawn from an extensive two-decade longitudinal survey of American families, Succeeding Generations traces a representative group of America's children from their early years through young adulthood. It evaluates the many background factors that are most influential in determining how much education children will obtain, whether or not they will become teen parents, and how economically active they will be when they reach their twenties. Succeeding Generations demonstrates how our children's future has been placed at risk by social and economic conditions such as fractured families, a troubled economy, rising poverty rates, and neighborhood erosion. The authors also pinpoint some significant causes of children's later success, emphasizing the importance of parents' education and, despite the apparent loss of time spent with children, the generally positive influence of maternal employment. Haveman and Wolfe supplement their research with a comprehensive review of the many debates among economists, sociologists, developmental psychologists, and other experts on how best to improve the lot of America's children.

"A state-of-the-art investigation of the determinants of children's success in the United States....Clearly written, highly readable, and compelling."—Contemporary Sociology

"Haveman and Wolfe are professors of economics who bring sophisticated statistical and econometric techniques to the analysis of the economic and educational success of children as they progress into young adulthood."—Choice

"This study is one of the most comprehensive of its kind, in part because the researchers collected detailed information about a wide range of children each year for more than two decades." —Wisconsin State Journal

"The research at the core of this book addresses critically important questions in social science...an important contribution to the literature." —Robert Plotnick, University of Washington

ROBERT H. HAVEMAN is John Bascom Professor in the department of economics and at the La Follette Institute of Public Affairs at the University of Wisconsin, Madison.

BARBARA L. WOLFE is professor of economics and preventative medicine, and professor at La Follette Institute of Public Affairs, University of Wisconsin, Madison.

The search for reliable information on the well-being of America's young is vital to designing programs to improve their lives. Yet social scientists are concerned that many measurements of children's physical and emotional health are inadequate, misleading, or outdated, leaving policymakers ill-informed. Indicators of Children's Well-Being is an ambitious inquiry into current efforts to monitor children from the prenatal period through adolescence. Working with the most up-to-date statistical sources, experts from multiple disciplines assess how data on physical development, education, economic security, family and neighborhood conditions, and social behavior are collected and analyzed, what findings they reveal, and what improvements are needed to create a more comprehensive and policy-relevant system of measurement.

Today's climate of welfare reform has opened new possibilities for program innovation and experimentation, but it has also intensified the need for a clearly defined and wide-ranging empirical framework to pinpoint where help is needed and what interventions will succeed. Indicators of Children's Well-Being emphasizes the importance of accurate studies that address real problems. Essays on children's material well-being show why income data must be supplemented with assessments of housing, medical care, household expenditure, food consumption, and education. Other contributors urge refinements to existing survey instruments such as the Census and the Current Population Survey. The usefulness of records from human service agencies, child welfare records, and juvenile court statistics is also evaluated.

ROBERT M. HAUSER is Vilas Research Professor of Sociology and affiliate at the Institute for Research on Poverty, University of Wisconsin, Madison.

BRETT V. BROWN is research associate at Child Trends, Inc., Washington, D.C.

WILLIAM R. PROSSER is senior policy analyst who is retired from the Office of the Assistant Secretary for Planning and Evaluation, U.S. Department of Health and Human Services, Washington, D.C.

CONTRIBUTORS: J. Lawrence Aber, Jeanne Brooks-Gunn, Thomas J. Corbett, Claudia J. Coulton, Greg J. Duncan, David J. Eggebeen, Arthur B. Elster, Frank F. Furstenberg Jr., Robert M. Goerge, Dennis P. Hogan, Mary Elizabeth Hughes, Aurora Jackson, Stephanie M. Jones, Thomas J. Kane, Bruce P. Kennedy, Daniel Koretz, Paula Lantz, John M. Love, Susan E. Mayer, Timothy J. McGourthy, Marc L. Miringoff, Marque-Luisa Miringoff, Kristin A. Moore, Allyn M. Mortimer, Leslie Moscow, Jane Mosley, Melissa Partin, Deborah A. Phillips, Deborah Prothrow-Stith, Gary D. Sandefur, James Sears, Judith R. Smith, Matthew Stagner, Barbara Starfield, Ruby Takanishi, Barbara L. Wolfe.

An Institute for Research on Poverty Affiliated Book on Poverty and Public Policy

Shows why social statistics are important and how they are put to use in the interest of the public. Written by a sociologist who serves as Director of the Population Research Center at the University of Chicago, the book illustrates the many applications social statistics have for governmental agencies at the federal, state, and local levels; for the business community; for labor unions; for educators and researchers; and for the general public. The author provides a description of the major bodies of social statistical information, including population; births, deaths, and health; marriage, divorce, and the family; education; the labor force; crime; consumption and the consumer; recreation; governments; and public opinion polls.

PHILIP M. HAUSER is Lucy Flower Professor of Urban Sociology and director of the Population Research Center at the University of Chicago.

Survey research was for a long time thought of primarily as a sociological tool. It is relatively recently that this research method has been adopted by other social sciences and related professional disciplines. The amount and quality of its use, however, vary considerably from field to field. This volume describes the elementary logic of survey design and analysis and provides, for each discipline, an evaluation of how survey research has been used and conceivably may be used to deal with the central problems of each field.

CHARLES Y. GLOCK is director of the Survey Research Center at the University of California, Berkeley.

Age discrimination and its corollary, mandatory retirement, are modern legal issues, barely a generation old. In this concise and readable report, Lawrence Friedman explores the apparently sudden emergence of a field of law that pertains mainly to the elderly and middle-aged.

Friedman traces the brief but fascinating social, legislative, and judicial history of age discrimination law and of the laws addressing mandatory retirement. Both histories contain paradoxes and contradictions; both seem simultaneously to make an issue of "age" and to demand a kind of age neutrality, reflecting broad recent changes in American culture. Both histories are intricately bound up with other legal issues—age discrimination with race and sex discrimination; mandatory retirement with the development of pension plans and other social insurance systems. Friedman speculates on the impact of these new laws, illuminating through his analysis the complex phenomenon of "legalization," or the penetration of legal norms into ever more areas of life.

Finally, Friedman offers a provocative conclusion in which he suggests that laws on age discrimination and retirement—laws that appear to have a less extensive social background than one would expect—may in fact be "stand-in" laws for vague but powerful social norms not yet recognized in the legal system.

Your Time Will Come is the first new volume in a special paperback series entitled Social Research Perspectives: Occasional Reports on Current Topics. These Perspectives represent a revival of the Social Science Frontiers series published by the Foundation from 1969 to 1977 and will again offer short, timely, and accessible reports on various aspects of social science research.

LAWRENCE M. FRIEDMAN is Marion Rice Kirkwood Professor of Law at Stanford University.

A Volume in the the Russell Sage Foundation's Social Science Perspectives Series