When do I use parenthesis and when do I not?

The setTimeout function expects a function reference^* as an argument: references are variables, and don't have parentheses.

Function calls require parentheses (even if the function takes no parameters).

Nutshell: myFunction is a reference to the function. myFunction() executes the function, and in an expression, will "equal" the function's return value (or undefined if nothing is returned).

Digging Deeper: There are circumstances where setTimeout(myFunction(), 1000) might make sense, like if myFunction() itself returns a function. For example:

var myFunction = function() {
    return function() {
        alert("ohai");
    };
};

• The anonymous function (containing a single return statement) is executed immediately.
• The return value of that function is itself a function containing an alert.

So:

• myFunction alone is a reference to a function (that happens to return a function).
• myFunction() will execute. It evaluates to a function reference, suitable for setTimeout().

Finally:

setTimeout(myFunction(), 1000);

This calls myFunction()'s return value in one second. One second later, up pops the alert.

See also Why function statement requires a name?

^{* Or a string to be evaluated, but a reference is preferred.}

myFunction is a function

myFunction() calls the function and yields whatever value the function returns.

The purpose of setTimeout is running code after some time elapses. You need to pass just the function to it (so setTimeout can itself call the function when appropriate) because if you called the function (with the parenthesis) before passing it to setTimeout it would execute now instead of after 1 second.

When you use the parenthesis, it's saying 'call this function now'. So if you say setTimeout(myFunction(),1000);, it will use the return value of the function as the callback for the timeout. If the return value for the function is not itself a function, you'll get an error because it will try to execute something that isn't executable after the timeout (a string, a number, undefined, etc).