Elasticity of Money as a Reinforcer: Assessing Multiple Compositions of Unit Price

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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 consumption decreased as unit prices increased. An underlying assumption is that consumption should be equivalent at different compositions of unit price. Replications of ... continued below

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Viken, Kjetil December 1999.

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This thesis is part of the collection entitled: UNT Theses and Dissertations and was provided by UNT Libraries to Digital Library, a digital repository hosted by the UNT Libraries. It has been viewed 244 times . More information about this thesis can be viewed below.

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  • Viken, Kjetil

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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 consumption decreased as unit prices increased. An underlying assumption is that consumption should be equivalent at different compositions of unit price. Replications of either the same or different compositions of unit price indicated that there were some discrepancies in consumption in this study.

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  • December 1999

Added to The UNT Digital Library

  • Sept. 24, 2007, 2 p.m.

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  • April 12, 2016, 4:56 p.m.

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Citations, Rights, Re-Use

Viken, Kjetil. Elasticity of Money as a Reinforcer: Assessing Multiple Compositions of Unit Price, thesis, December 1999; Denton, Texas. (digital.library.unt.edu/ark:/67531/metadc2234/: accessed September 23, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; .