Effect of perceived cost on judgments regarding the efficacy of investment

Journal of Economic Psychology

Volumn 20, Issue 6, 1999, Pages 657-676

  Reed, Phil ^a  

^a UNIVERSITY COLLEGE LONDON   (United Kingdom)

Author keywords

Investment; Judgement; Perceived response cost; Schedule of reinforcement

Indexed keywords

EID: 0033473550     PISSN: 01674870     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0167-4870(99)00029-X     Document Type: Article

References (39)

1. Allan, L. G. (1980). A note on measurement of contingency between two binary variables in judgment tasks. Bulletin of the Psychonomic Society, 15, 147-149.
2. Allan, L. G. (1993). Human contingency judgments rule based or associative. Psychological Bulletin, 114, 435-448.
3. Allison, J. (1979). Demand economics and experimental psychology. Behavioral Science, 24, 403-415.
4. Alloy, L. B., & Abramson, L. Y. (1979). Judgment of contingency in depressed and non-depressed students: Sadder but wiser? Journal of Experimental Psychology: General, 108, 441-485.
5. Baum, W. M. (1973). The correlational-based law of effect. Journal of the Experimental Analysis of Behavior, 20, 137-153.
6. Bradshaw, C. M., & Szabadi, E. (1992). Choice between delayed reinforcers in a discrete trials schedule: The effect of deprivation level. Quarterly Journal of Experimental Psychology, 44B, 1-16.
7. Bradshaw, C. M., Szabadi, E., & Ruddle, H. V. (1983). Herrnstein's equation: Effect of response-force requirement on performance in variable-interval schedules. Behaviour Analysis Letters, 3, 93-100.
8. Bruner, J. S., & Goodman, C. C. (1947). Value and need as organising factors in perception. Journal of Abnormal and Social Psychology, 42, 33-44.
9. Chelonis, J. J., & Logue, A. W. (1996). Effects of response type on pigeons' sensitivity to variation in reinforcer amount and reinforcer delay. Journal of the Experimental Analysis of Behavior, 66, 297-309.
10. Cohen, S. L., Furman, S., Crouse, M., & Kroner, A. L. (1990). Response strength in open and closed economies. Learning and Motivation, 21, 316-339.
11. Corfman, K. P., & Lehmann, D. R. (1994). The Prisoner's Dilemma and the role of information in setting advertising budgets. Journal of Advertising, 23, 35-48.
12. Davison, M., & McCarthy, D. (1988). The Matching Law: A Research Review. Hillsdale, NJ: Lawrence Earlbaum.
13. Dawson, J. (1975). Socio-economic differences in size-judgments of discs and coins by Chinese primary VI children in Hong Kong. Perceptual and Motor Skills, 41, 107-110.
14. Dickinson, A. (1985). Actions and habits: The development of behavioural autonomy. Philosophical Transactions of the Royal Society (London), B 308, 67-78.
15. Dittmar, H. (1994). Material possessions as stereotypes: Material images of different socio-economic groups. Journal of Economic Psychology, 15, 561-585.
16. Farley, J. (1980). Reinforcement and punishment effects in concurrent schedules: A test of two models. Journal of the Experimental Analysis of Behavior, 33, 15-25.
17. Ferster, C. B., & Skinner, B. F. (1957). Schedules of Reinforcement. New York: Appleton-Century-Croft.
18. Foxall, G. R. (1999). The marketing firm. Journal of Economic Psychology, 20, 207-234.
19. Furnham, A. (1983). Inflation and the estimated sizes of notes. Journal of Economic Psychology, 4, 349-352.
20. Gregory, R., & Lichtenstein, S. (1994). A hint of risk: Tradeoffs between quantitative and qualitative risk factors. Risk Analysis, 14, 199-206.
21. Hursh, S. R. (1980). Economic concepts for the analysis of behavior. Journal of the Experimental Analysis of Behavior, 34, 219-238.
22. Lea, S. E. G. (1978). The psychology and economics of demand. Psychological Bulletin, 85, 441-466.
23. Lea, S. E. G. (1981). Inflation, decimalisation and the estimated sizes of coins. Journal of Economic Psychology, 1, 79-81.
24. . Lea, S. E. G., Tarpy, R. M., & Webley, P. (1987). The Individual in the Economy: A Textbook of Economic Psychology. Cambridge: Cambridge University Press.
25. McSweeney, F. K., & Melville, C. L. (1988). Positive contrast as a function of component duration using a within-session procedure. Behavioural Processes, 16, 21-41.
26. Morse, W. H., & Kelleher, R. T. (1970). Schedules as fundamental determinants of behavior. In: W. N. Schoenfeld, The Theory of Reinforcement Schedules (Pp. 139-185). New York: Appleton-Century-Crofts.
27. Nevin, J. A. (1979). Reinforcement schedules and response strength. In: M. D. Zeiler, & P. Harzem, Advances in Analysis of Behaviour: Vol 1. Reinforcement and the Organization of Behaviour (pp. 117-158). Chichester: Wiley.
28. Nevin, J. A. (1995). Behavioral economics and behavioral momentum. Journal of the Experimental Analysis of Behavior, 64, 385-395.
29. Pear, J. J. (1985). Spatiotemporal patterns of behavior produced by variable-interval schedules of reinforcement. Journal of the Experimental Analysis of Behavior, 44, 217-223.
30. Rachlin, H. (1989). Judgment, Decision, and Choice: A Cognitive/Behavioral Synthesis. London: Freeman.
31. Rachlin, H., Battalio, R., Kagel, J., & Green, L. (1983). The concept of lesuire in maximization theory. Behavioral and Brain Sciences, 6, 330-333.
32. Reed, P. (1992). Effect of local context of responding on human judgment of causality. Memory and Cognition, 20, 573-579.
33. Reed, P. (1993). Influence of the schedule of outcome presentation on causality judgements. Quarterly Journal of Experimental Psychology, 46A, 327-345.
34. Reed, P. (1994). Influence of the cost of responding on human causality judgments. Memory and Cognition, 22, 243-248.
35. Shanks, D. R. (1995). Is human learning rational? Quarterly Journal of Experimental Psychology, 48A, 257-279.
36. Shanks, D. R., Pearson, S. M., & Dickinson, A. (1989). Temporal contiguity and the judgment of causality by human subjects. Quarterly Journal of Experimental Psychology, 41B, 139-159.
37. Sullivan, M., & Miller, A. (1996). Segmenting the informal venture capital market: Economic, hedonistic, and altruistic investors. Journal of Business Research, 36, 25-35.
38. Wasserman, E. A. (1990). Detecting response-outcome relations: Toward an understanding of the causal texture of the environment. In: G. H. Bower, The Psychology of Learning and Motivation, vol. 26 (pp. 27-82). London: Academic Press.
39. Wasserman, E. A., & Neunaber, D. J. (1986). College students responding to and rating of contingency relations: The role of temporal contiguity. Journal of the Experimental Analysis of Behavior, 46, 15-35.