In a concurrent-chains procedure, pigeons chose between outcomes that differed in the rate of response-independent delivery of food and electric shocks. The application of functional measurement techniques confirmed the matching relation-between choice and rate of reinforcement value-for two of three pigeons. Scale values of the outcomes were extracted for the two birds that conformed to matching, and the value of a single occurrence of shock per minute-in terms of negative food units-was estimated. A second experiment with concurrent chains provided a test of these parameter estimates. The close correspondence between predicted and obtained choice behavior found in Experiment II indicated that the estimates of outcome value were indeed reliable. Both experiments together support the contention that the effects on choice behavior of positive and aversive stimuli appear to be equal, though opposite in sign.Key words: choice, punishment, law of effect, functional measurement, matching, concurrent-chain schedules, variable-time schedules, pigeonsThe negative law of effect as originally formulated by Thorndike (1911, p. 244) asserts that responses ". . . which are accompanied or closely followed by discomfort to the animal will, other things being equal, have their connection with that situation weakened, so that, when it recurs, they will be less likely to occur." Two features of Thorndike's law can be distinguished. The first is an empirical assertion that aversive stimuli are effective in reducing the future probability of a response. The second point is a theoretical account of how this reduction occurs. The empirical half of the law has survived relatively intact. Punishment is effective in reducing the future probability of a response (Azrin and Holz, 1966;Fantino, 1973;Mackintosh, 1974;-but see Kelleher and Morse, 1968). Thorndike's theoretical interpretation has not fared as well. The notion that punishment results in the stamping out of S-R connections has been repeatedly challenged (Skinner, 1938;Estes, 1944;Skinner, 1953;Rescorla and Solomon, 1967) and was abandoned by Thorndike himself (1931, 1932 Recent views by a number of authors of divergent theoretical inclinations (e.g., Church, 1969;Estes, 1969;Logan, 1969;Rachlin and Herrnstein, 1969;de Villiers, 1972de Villiers, , 1974Fantino, 1973) have indicated that the process underlying the positive and negative halves of the law of effect is identical, though different from Thorndike's connectionism. Empirical symmetry, often in the form of a generalized set of equations, capable of accounting for both appetitive and aversive stimulus procedures, is said to dictate theoretical symmetry. Whatever the process that accounts for an increased probability of a response due to reinforcement is the same process, working in reverse, that results in a decreased probability of a response due to punishment.The verification and implications of empirical symmetry have received their most extensive investigation within the context of the matching law. On the positive si...