The DOI matches its Crossref record; 14 of the 14 references it cites were found in a registry or an index.
A modified exponential behavioral economic demand model to better describe consumption data.
Open accessAbstract
Behavioral economic demand analyses that quantify the relationship between the consumption of a commodity and its price have proven useful in studying the reinforcing efficacy of many commodities, including drugs of abuse. An exponential equation proposed by Hursh and Silberberg (2008) has proven useful in quantifying the dissociable components of demand intensity and demand elasticity, but is limited as an analysis technique by the inability to correctly analyze consumption values of zero. We examined an exponentiated version of this equation that retains all the beneficial features of the original Hursh and Silberberg equation, but can accommodate consumption values of zero and improves its fit to the data. In Experiment 1, we compared the modified equation with the unmodified equation under different treatments of zero values in cigarette consumption data collected online from 272 participants. We found that the unmodified equation produces different results depending on how zeros are treated, while the exponentiated version incorporates zeros into the analysis, accounts for more variance, and is better able to estimate actual unconstrained consumption as reported by participants. In Experiment 2, we simulated 1,000 datasets with demand parameters known a priori and compared the equation fits. Results indicated that the exponentiated equation was better able to replicate the true values from which the test data were simulated. We conclude that an exponentiated version of the Hursh and Silberberg equation provides better fits to the data, is able to fit all consumption values including zero, and more accurately produces true parameter values.
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Citations
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The behavioral economics of substance use disorders: reinforcement pathologies and their repair
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Self-citationA behavioral economic measure of demand for alcohol predicts brief intervention outcomes
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High‐resolution behavioral economic analysis of cigarette demand to inform tax policy
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Self-citationEffects of Experimental Income on Demand for Potentially Real Cigarettes
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Self-citationAnalytical Problems and Suggestions in the Analysis of Behavioral Economic Demand Curves
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Self-citation
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Episodic future thinking: expansion of the temporal window in individuals with alcohol dependence
Snider, S. E., LaConte, S. M., & Bickel, W. K. (2016) · Alcoholism: Clinical and Experimental Research · doi:10.1111/acer.13112 · Cited by 241
Self-citationSze, Y. Y., Stein, J. S., Bickel, W. K., Paluch, R. A., & Epstein, L. H. (2017) · Clinical Psychological Science · doi:10.1177/2167702617696511 · Cited by 165
Self-citationStein, J. S., Tegge, A. N., Turner, J. K., & Bickel, W. K. (2018) · Journal of Behavioral Medicine · doi:10.1007/s10865-017-9908-1 · Cited by 159
Self-citation
Metadata
- Authors
- Koffarnus, M. N., Franck, C. T., Stein, J. S., & Bickel, W. K.
- Venue
- Experimental and Clinical Psychopharmacology
- Published
- 2015
- Volume
- 23
- Issue
- 6
- Pages
- 504-512
- ISSN
- 1064-1297 (ISSN-L)
- 1936-2293
- OpenAlex
- W1672354241
- Cited by
- 366
- References
- 14
- FWCI
- 13.68
- Type
- journal article
- Language
- en
- Open access
- green
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