Psychology Exam 3

Annotations:

• Behavioral Economics: 1) Comes in a variety of flavors  2) Can describe why people choose what they do, and help predict what people will choose in the future 3)  Economic concepts are easily extended to the laboratory and can be used to impact meaningful behavior change. 

1. Experimental Analysis of Behavior

   Annotations:

   • Focus on behavior of individual human and nonhuman subjects Repeated observation until behavior becomes stable (consistent from test to test) 
2. Econometrics

   Annotations:

   • Statistical analysis of data from the "natural economy" What would happen to cigarette smokers if the price of cigarette boxes was increased? 
3. Experimental Psychology

   Annotations:

   • Interested in decision making. Usually one choice scenarios with a large group expeirmental design 

1. Change in amount of discounting
2. state versus trait

1. 3 Ways to Manipulate Unit Price Changes

Annotations:

• Paying people to do what they should already be doing is not recommended, but it can be cost effective. 

1. pay for good grades
2. pay to not get pregnant

1. Concurrent VI Schedules
2. Concurrent ratio schedules