The empirical claims of maximization theory: A reply to Rachlin and to Kagel, Battalio, and Green. |
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Authors: | Prelec Dra?en |
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Abstract: | H. Rachlin (see record 1984-02970-001) and J. H. Kagel et al (see record 1984-02959-001) reported errors in the present author's (see record 1982-22589-001) critique of maximization theory. They presented new evidence that demonstrated that maximization accounts better for equilibrium behavior on schedules of reinforcement than did matching. In this article, Prelec argues that the allegations of mathematical and conceptual errors are without substance and the new data do not differentially favor maximization or matching. (12 ref) (PsycINFO Database Record (c) 2010 APA, all rights reserved) |
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