Elasticity of Money as a Reinforcer: Assessing Multiple Compositions of Unit Price
Description:
Behavioral economics is the integration of concepts from micro-economics into behavior analysis. Most of the research in behavioral economics has been done with non-human subjects and with drugs as reinforcers. This study represents an extension of previous research to assess money as a reinforcer with humans as subjects. The participants in this study solved math problems to earn money at various unit prices. Results indicate that demand of money adhered to the law of demand in that consumptio…
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Date:
December 1999
Creator:
Viken, Kjetil