Use the Figure for the Question(s)below

question 29

Multiple Choice

Use the figure for the question(s) below.
-This graph depicts the payoffs of:

• A)a short position in a put option at expiration.
• B)a short position in a call option at expiration.
• C)a long position in a put option at expiration.
• D)a long position in a call option at expiration.

---

Definitions:

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, leading to a high and steady rate of response.

Variable Ratio

In operant conditioning, a reinforcement schedule that rewards an action after an unpredictable number of responses.

Variable Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, leading to responses at varying rates.

Avoidance Training

Avoidance training is a learning process in which an individual learns to prevent the occurrence of an unpleasant or harmful stimulus by performing a specific behavior.