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DELAY DISCOUNTING OF HYPOTHETICAL AND REAL MONEY: THE EFFECT OF HOLDING REINFORCEMENT RATE CONSTANT
Author(s) -
Dixon Mark R.,
Lik Nicholas Mui Ker,
Green Leonard,
Myerson Joel
Publication year - 2013
Publication title -
journal of applied behavior analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.1
H-Index - 76
eISSN - 1938-3703
pISSN - 0021-8855
DOI - 10.1002/jaba.42
Subject(s) - reinforcement , delay discounting , discounting , constant (computer programming) , psychology , blackout , social psychology , economics , computer science , thermodynamics , power (physics) , physics , electric power system , finance , programming language
We examined the effect of holding reinforcement rate constant on delay discounting of hypothetical and real money when delays were actually experienced. In some conditions, participants were required to wait for the delayed rewards, and in some conditions, reinforcement rate was held constant by adding blackout periods after immediate rewards. Typical discounting occurred with the standard procedure and when there were no blackouts, but not when we held rate of reinforcement constant. Real and hypothetical money produced the same outcomes.