An Individual Deciding How to Allocate Her Limited Time Is

question 26

True/False

An individual deciding how to allocate her limited time is dealing with both scarcity and trade-offs.

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Definitions:

Fixed-Ratio

A reinforcement schedule where a response is reinforced only after a specified number of responses.

Variable-Ratio

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, leading to high and steady response rates.

Fixed-Interval

A schedule of reinforcement where rewards are delivered at constant intervals of time, contingent on the first response after the interval has passed.

Variable-Interval

A reinforcement schedule that reinforces a response at unpredictable time intervals, leading to steady, moderate response rates.