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Reinforcement Shedules II_ Behavioral Economics (Exam 3 Notes - 2)

Reinforcement Shedules II_ Behavioral Economics (Exam 3 Notes - 2)

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Background Ex. Ipod, Iphone, gas, milk, water ° Deals with production and consumption of goods, in a group (society) What is an economic system These are big picture items (the things we consume regularly in the "real world")' Consumption of water goes down…because there isn't that much available. What happens to water use when there is a torrential draught? Is there any similarities between the operant chamber as we've discussed it, and an "economic system"? Lever presser, what you use to get the commodity ° What is their income ? Food ° What is the commodity ? In the operant chamber the rat (or pigeon) is trading their income for some commodity Definition NOTE: This last part, is the subject of this course Behaviorial economics: combination of microeconomic concepts , principles , and measures, as well as behavior analytic methods and principles On Terms Spending is synonymous with response output Spending is described as the number of responses (money) an organism emits (spends) How much "stuff" you get for your purchases Consumption is the number of reinforcers (commodities) the organism obtains Dependent Variables Spending (response output) and consumption are our primary dependent variables Cost Benefit Ratio is used to describe UNIT PRICE Put them together and you get a cost benefit ratio Unit Price (In Everyday Life) What does each coke cost when you buy the 6 pack. --> 4/6 = 0.6667, $0.67 What about the 12 pack. --> 6/12 = 0.5, $0.50 A 6 pack of coke costs $4, A 12 pack of coke costs $6. Unit price : a cost-benefit ratio… Correct: Schedule of reinforcement UP = Re sponses/ Re inf orcer ---> Cost/Benefits UP = FR10/1 means 10 lever presses gets you 1 food pellet See how schedule determines price? See how this can be arranged, using any schedule of
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