This research is based on a thesis submitted by the second author in partial fulfillment of the requirements for the master's degree. Preparation of this report was supported in part by NIMH Grant MH055308 to the third and fourth authors.
DELAY DISCOUNTING OF HYPOTHETICAL AND REAL MONEY: THE EFFECT OF HOLDING REINFORCEMENT RATE CONSTANT
Article first published online: 9 MAY 2013
© Society for the Experimental Analysis of Behavior
Journal of Applied Behavior Analysis
Volume 46, Issue 2, pages 512–517, Summer 2013
How to Cite
Dixon, M. R., Lik, N. M. K., Green, L. and Myerson, J. (2013), DELAY DISCOUNTING OF HYPOTHETICAL AND REAL MONEY: THE EFFECT OF HOLDING REINFORCEMENT RATE CONSTANT. Jnl of Applied Behav Analysis, 46: 512–517. doi: 10.1002/jaba.42
- Issue published online: 21 JUN 2013
- Article first published online: 9 MAY 2013
- Manuscript Accepted: 24 APR 2012
- Manuscript Received: 7 FEB 2012
- NIMH. Grant Number: MH055308
- delay discounting;
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.