Unbound MEDLINE

The behavioral economics of choice and interval timing. Psychological review [Psychol Rev] Journal article

 
TitleThe behavioral economics of choice and interval timing.
Author(s)Jozefowiez J, Staddon JE, Cerutti DT 
InstitutionInstituto de Educacao e Psicologia.
SourcePsychol Rev 2009 Jul; 116(3):519-39.
AbstractThe authors propose a simple behavioral economic model (BEM) describing how reinforcement and interval timing interact. The model assumes a Weber-law-compliant logarithmic representation of time. Associated with each represented time value are the payoffs that have been obtained for each possible response. At a given real time, the response with the highest payoff is emitted. The model accounts for a wide range of data from procedures such as simple bisection, metacognition in animals, economic effects in free-operant psychophysical procedures, and paradoxical choice in double-bisection procedures. Although it assumes logarithmic time representation, it can also account for data from the time-left procedure usually cited in support of linear time representation. It encounters some difficulties in complex free-operant choice procedures, such as concurrent mixed fixed-interval schedules as well as some of the data on double bisection, which may involve additional processes. Overall, BEM provides a theoretical framework for understanding how reinforcement and interval timing work together to determine choice between temporally differentiated reinforcers. (PsycINFO Database Record (c) 2009 APA, all rights reserved).
Languageeng
Pub Type(s)Journal Article
PubMed ID19618985
  
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