“…To this point, laboratory models have been limited in the ability to produce genuinely suboptimal choice patterns—a prerequisite for a model of gambling. Third, conceptually, the token system utilized in the present research connects to an expanding body of research using token economic systems to explore a range of topics across species and settings, including conditioned reinforcement (Bullock & Hackenberg, 2006; Foster, Hackenberg, & Vaidya, 2001; Tarbox, Ghezzi, & Wilson, 2006), punishment (Pietras & Hackenberg, 2005; Raiff, Bullock, & Hackenberg, 2008), and reinforcer accumulation (Yankelevitz et al, 2008), in addition to impulsive and risky choice (Hackenberg & Vaidya, 2003; Jackson & Hackenberg, 1996; Lagorio & Hackenberg, 2010; Locey et al, 2009; Paulsen et al, 2011; Reed & Martens, 2011). Token systems have a number of distinctive features that make them especially useful in a translational analysis of decision making, including currencies more analogous to monetary‐based economies in human affairs, bringing a wide range of economic variables—income, savings, expenditures, wages, and prices—within reach of an experimental analysis.…”