Slot Machines: More Than a Penny for Your Thoughts

Firstly, you need to understand what each reinforcement schedule means:n- Fixed ratio: rewards after a certain number of responses

Slot Machines: More Than a Penny for Your Thoughts With fixed rate reinforcement, behaviour is reinforced only after the behaviour occurs a specified number of times For example, one

Firstly, you need to understand what each reinforcement schedule means:n- Fixed ratio: rewards after a certain number of responses

gambling slot machines Most forms of gambling, and most notably slot machine play, follow a random ratio schedule of reinforcement that should lead to rapid and extinction-

A variable ratio reinforcement schedule occurs when, after X number of actions, a certain reward is achieved Using the rat example, the rat

gambling on slot machines Gambling works on a variable ratio schedule of reinforcement When someone gambles, they are rewarded with a win after an unpredictable number of bets placed

Even if you have not gambled yourself, you know that it's not possible to win every single time How, then, are gamblers still interested in placing bets?