A Behavioral Economic Analysis of the Effects of Unit Price Sequence on Demand for Money in Humans.

Three groups of participants were exposed to different unit price sequences. Unit prices for all groups ranged from unit price 1 to 21. Analyses of demand curves, response rates, session duration, and elasticity coefficients suggest that the sequence of exposure to unit prices can affect the elasticity of demand. In addition, the size of unit price contrast, direction of unit price change, and proximity to experimental milestones also may affect the consumption of monetary reinforcers.

Grantor dc:publisher

University of North Texas

Year dc:date

2002

Author dc:creator

• Williams, Jack Keith

Contributors dc:contributor

• Hyten, Cloyd
• Smith, Richard
• Vaidya, Manish

• Economics -- Psychological aspects.
• Microeconomics.
• response rates
• unit price
• behavioral economics
• sequence
• behavior analysis

Statement dc:rights

• Public
• Copyright
• Williams, Jack Keith
• Copyright is held by the author, unless otherwise noted. All rights reserved.

Language dc:language

English

Identifier

oclc: 54861419
https://digital.library.unt.edu/ark:/67531/metadc3107/
ark: ark:/67531/metadc3107

OAI identifier oai:identifier

info:ark/67531/metadc3107