Journal
JOURNAL OF THE EXPERIMENTAL ANALYSIS OF BEHAVIOR
Volume 99, Issue 1, Pages 98-124Publisher
WILEY
DOI: 10.1002/jeab.7
Keywords
behavioral economics; demand curve; exponential model; essential value; reinforcer interactions; choice; public policy
Funding
- Institutes for Behavior Resources
- US National Space Biomedical Research Institute through NASA NCC [9-58NBPF01602]
- Directed Research Project [NBPF00008]
- US National Aeronautics and Space Administration grant [NNX13AB39G]
- NASA [NNX13AB39G, 476760] Funding Source: Federal RePORTER
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The application of economics principles to the analysis of behavior has yielded novel insights on value and choice across contexts ranging from laboratory animal research to clinical populations to national trends of global impact. Recent innovations in demand curve methods provide a credible means of quantitatively comparing qualitatively different reinforcers as well as quantifying the choice relations between concurrently available reinforcers. The potential of the behavioral economic approach to inform public policy is illustrated with examples from basic research, pre-clinical behavioral pharmacology, and clinical drug abuse research as well as emerging applications to public transportation and social behavior. Behavioral Economics can serve as a broadly applicable conceptual, methodological, and analytical framework for the development and evaluation of empirical public policy.
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