Four pigeons were exposed to a token-reinforcement procedure with stimulus lights serving as tokens. Responses on one key (the token-production key) produced tokens that could be exchanged for food during an exchange period. Exchange periods could be produced by satisfying a ratio requirement on a second key (the exchange-production key). The exchange-production key was available any time after one token had been produced, permitting up to 12 tokens to accumulate prior to exchange. Token accumulation, measured in terms of both frequency (percent cycles with accumulation) and magnitude (mean number of tokens accumulated), decreased as the token-production ratio increased from 1 to 10 across conditions (with exchange-production ratio held constant), and increased as the exchange-production ratio increased from 1 to 250 across conditions (with token-production ratio held constant). When tokens were removed, accumulation decreased markedly compared to conditions with tokens and the same schedules. These data show that token accumulation is an orderly function of token-production and exchange-production schedules, and they are broadly consistent with a unit-price model based on local and global responses per reinforcer.

Six pigeons were studied in a token economy in which tokens could be produced and exchanged for food on one side of an experimental chamber and for water on the opposite side of the chamber. Responses on one key produced tokens according to a token-production fixed ratio (FR) schedule. Responses on a second key produced an exchange period during which tokens were exchanged for water or food. In Experiment 1a, food tokens could be earned and exchanged under restricted food budgets, and water tokens could be earned and exchanged under water restricted budgets. In Experiment 1b, a third (generalized) token type could be earned and exchanged for either food or water under water restricted budgets. Across Experiments 1a and 1b, the number of tokens accumulated prior to exchange increased as the exchange-production schedule was increased. In Experiment 1b, pigeons produced more generalized than specific tokens, suggesting enhanced reinforcing efficacy of generalized tokens. In Experiment 2, the FR token-production price was manipulated under water restriction and then under food restriction. Production of each token type generally declined as a function of its own price and increased as a function of the price of the alternate type, demonstrating own-price and cross-price elasticity. Production of food and water tokens often changed together, indicating complementarity. Production of specific and generalized tokens changed in opposite directions, indicating substitutability. This is the first demonstration of sustained generalized functions of tokens in nonhumans, and illustrates a promising method for exploring economic contingencies in a controlled environment.

Background Excessive alcohol consumption in college students is associated with impulsivity and with overestimating levels of others’ drinking; however, females’ and males’ drinking may be differently impacted by their overestimations. We examined whether moderate drinkers discount alcohol rewards differently from money rewards and whether their estimate of others’ drinking is more closely associated with own-drinking for males than females. Method College students completed two delay discounting tasks in which they chose between money rewards and between alcohol rewards, varying in amount and delay to receipt. Participants also completed questionnaires about their own and others’ drinking. Results Area under the delay-subjective value curve (AUC) was smaller for alcohol than money rewards, implying steeper discounting of alcohol rewards. Regression analyses showed that females’ number of drinks per sitting was related only to AUC for money, while males’ drinks per sitting was related to their estimate of others’ drinks. Conclusion The relationship between alcohol consumption and discounting was replicated. This study also indicated that social norms play a larger role in determining males’ drinking than females’.

Twelve adult human subjects were exposed to a sunk-cost procedure with two options: a mixed-ratio schedule of points later exchangeable for money, and an escape schedule that cancelled the current trial and initiated a new one. The mixed ratio included four values, arranged probabilistically in such a way that the expected ratios favored either persistence or escape. These probabilities were varied systematically on a within-subject basis across conditions. Absolute ratio size was thus varied across four groups of three subjects each, yielding unique combinations of expected ratios from escaping and persisting. When the differences between escaping and persisting differed the least, subjects tended to persist, committing the sunk-cost error. When the differences between persisting and escaping differed by a larger margin, choice patterns tended toward optimal—escaping or persisting as a function of the contingencies. These findings demonstrate that sunk-cost decision-making errors in humans are sensitive to their relative costs and benefits, and illustrate a promising set of methods for bringing such behavior under experimental control in the laboratory.