The Matching Law: Papers in Psychology and Economics

The Matching Law: Papers in Psychology and Economics

by Richard J. Herrnstein, Howard Rachlin
     
 

ISBN-10: 0674064593

ISBN-13: 9780674064591

Pub. Date: 11/08/1996

Publisher: Harvard University Press

This impressive collection features Richard Herrnstein's most important and original contributions to the social and behavioral sciences—his papers on choice behavior in animals and humans and on his discovery and elucidation of a general principle of choice called the matching law.

In recent years, the most popular theory of choice behavior has been

Overview

This impressive collection features Richard Herrnstein's most important and original contributions to the social and behavioral sciences—his papers on choice behavior in animals and humans and on his discovery and elucidation of a general principle of choice called the matching law.

In recent years, the most popular theory of choice behavior has been rational choice theory. Developed and elaborated by economists over the past hundred years, it claims that individuals make choices in such a way as to maximize their well-being or utility under whatever constraints they face; that is, people make the best of their situations. Rational choice theory holds undisputed sway in economics, and has become an important explanatory framework in political science, sociology, and psychology. Nevertheless, its empirical support is thin.

The matching law is perhaps the most important competing explanatory account of choice behavior. It views choice not as a single event or an internal process of the organism but as a rate of observable events over time. It states that instead of maximizing utility, the organism allocates its behavior over various activities in exact proportion to the value derived from each activity. It differs subtly but significantly from rational choice theory in its predictions of how people exert self-control, for example, how they decide whether to forgo immediate pleasures for larger but delayed rewards. It provides, through the primrose path hypothesis, a powerful explanation of alcohol and narcotic addiction. It can also be used to explain biological phenomena, such as genetic selection and foraging behavior, as well as economic decision making.

Product Details

ISBN-13:
9780674064591
Publisher:
Harvard University Press
Publication date:
11/08/1996
Pages:
334
Product dimensions:
6.39(w) x 9.48(h) x 1.02(d)

Table of Contents

Preface

Editors' Note

Introduction

Part I. The Matching Law: Against Reflexology

1. Relative and Absolute Strength of Response as a Function of Frequency of Reinforcement

2. Toward a Law of Response Strength

3. Derivatives of Matching

4. Melioration as Behavioral Dynamism

Part II. Self-Control

5. Choice and Delay of Reinforcement

6. Self-Control as Response Strength

7. On the Functions Relating Delay,
Reinforcer Value, and Behavior

8. Lost and Found: One Self

9. A Theory of Addiction

Part III. Against Optimization

10. Stability, Melioration, and Natural Selection

11. Rational Choice Theory: Necessary but Not Sufficient

12. Behavior, Reinforcement, and Utility

13. Experiments on Stable Suboptimality in Individual Behavior

14. Melioration: A Theory of Distributed Choice

15. Preferences or Principles: Alternative Guidelines for Choice

References

Index

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >