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Choice (SELF-CONTROL CHOICES (Techniques for Improving Self-Control…
Choice
SELF-CONTROL CHOICES
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Delay Discounting
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The indifference point is the point where delayed rewards is equal than or greater to the immediate rewards
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Hernstein and Mazur concluded that since preferences switch in self control scenarios optimization theory must surely be incorrect
THE MATCHING LAW
Deviations from Matching
Undermatching is when response proportions are consistently less extreme to that of the matching law
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Hernstein's Experiment
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The matching law states that responses are proportional to the rate of reinforces compared to simultaneous schedules
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OTHER CHIOCE SITUATIONS
Risk Taking
Rachlin's suggestion is that heavy gamblers are chasing an instant reward even though they know the odds are against them
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