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The Field of Behavioral Economics Applies the Methods of Economics

question 109

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The field of behavioral economics applies the methods of economics to study how government works.


Definitions:

Fixed Interval

In the context of operant conditioning, a schedule of reinforcement where rewards are delivered at fixed time intervals, provided the correct response is made.

Variable Interval

A reinforcement schedule in which reinforcements are given after unpredictable time durations.

Fixed Ratio

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

Variable Ratio

A reinforcement schedule in which responses are rewarded after a varied number of responses, enhancing motivation.

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