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Explain the Basic Operations of an Economic Game

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Explain the basic operations of an economic game.


Definitions:

Fixed-Interval

A schedule of reinforcement where a response is rewarded after a set amount of time has passed, used in behavioral studies.

Variable-Interval

A schedule of reinforcement where a response is rewarded after an unpredictable amount of time has passed, in experimental and learning contexts.

Variable-Ratio

A schedule of reinforcement where a response is rewarded after an unpredictable number of responses, commonly used in behavior modification and training.

Fixed-Ratio

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

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