Search tips
Search criteria 


Logo of jeabehavJournal of the Experimental Analysis of Behavior Web SiteSubscriber LoginJournal of Applied Behavior Analysis Web SiteSubscription InformationInformation for AuthorsJournal of the Experimental Analysis of Behavior Web Site
J Exp Anal Behav. 1995 November; 64(3): 397–404.
PMCID: PMC1350146

Behavioral economics without anomalies.


Behavioral economics is often conceived as the study of anomalies superimposed on a rational system. As research has progressed, anomalies have multiplied until little is left of rationality. Another conception of behavioral economics is based on the axiom that value is always maximized. It incorporates so-called anomalies either as conflicts between temporal patterns of behavior and the individual acts comprising those patterns or as outcomes of nonexponential time discounting. This second conception of behavioral economics is both empirically based and internally consistent.

Full text

Full text is available as a scanned copy of the original print version. Get a printable copy (PDF file) of the complete article (1.3M), or click on a page image below to browse page by page. Links to PubMed are also available for Selected References.

Selected References

These references are in PubMed. This may not be the complete list of references from this article.
  • Green L, Rachlin H. Economic and biological influences on a pigeon's key peck. J Exp Anal Behav. 1975 Jan;23(1):55–62. [PMC free article] [PubMed]
  • Green L, Rachlin H, Hanson J. Matching and maximizing with concurrent ratio-interval schedules. J Exp Anal Behav. 1983 Nov;40(3):217–224. [PMC free article] [PubMed]
  • Herrnstein RJ. On the law of effect. J Exp Anal Behav. 1970 Mar;13(2):243–266. [PMC free article] [PubMed]
  • Heyman GM, Herrnstein RJ. More on concurrent interval-ratio schedules: a replication and review. J Exp Anal Behav. 1986 Nov;46(3):331–351. [PMC free article] [PubMed]
  • Hursh SR. Economic concepts for the analysis of behavior. J Exp Anal Behav. 1980 Sep;34(2):219–238. [PMC free article] [PubMed]
  • Rachlin H. On the tautology of the matching law. J Exp Anal Behav. 1971 Mar;15(2):249–251. [PMC free article] [PubMed]
  • Rachlin H, Green L. Commitment, choice and self-control. J Exp Anal Behav. 1972 Jan;17(1):15–22. [PMC free article] [PubMed]
  • Siegel E, Rachlin H. Soft commitment: self-control achieved by response persistence. J Exp Anal Behav. 1995 Sep;64(2):117–128. [PMC free article] [PubMed]
  • Silberberg A, Thomas JR, Berendzen N. Human choice on concurrent variable-interval variable-ratio schedules. J Exp Anal Behav. 1991 Nov;56(3):575–584. [PMC free article] [PubMed]

Articles from Journal of the Experimental Analysis of Behavior are provided here courtesy of Society for the Experimental Analysis of Behavior