Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
By Dr. David Edward Marcinko; MBA MEd
SPONSOR: http://www.MarcinkoAssociates.com
***
***
B.F. Skinner was a psychologist rather than an economist, but his principles of environmental conditioning helped shape the foundation of modern behavioral economics.
Operant Conditioning and Choice
- Reinforcement: Skinner proved that actions followed by rewards happen more often. In economics, this explains why consumers buy items on sale or investors chase rising stock prices.
- Punishment: Costs or negative outcomes make actions happen less often. Taxes and fines use this exact idea to reduce specific behaviors.
- Environmental Control: Skinner believed environments control choices, opposing traditional economic views that focus purely on internal, rational math.
Token Economies
- Incentives: Skinner created token systems where people earn tokens for good actions and trade them later for real rewards.
- Modern Parallels: This system directly mirrors modern loyalty points, credit card cash-back rewards, and corporate bonus structures.
Behavior Analysis vs. Behavioral Economics
- Internal vs. External: Behavioral economists study internal mental thoughts and biases. Skinner’s behavior analysis ignores internal thoughts and focuses only on external rewards and history.
- Market View: Some analysts argue that long-term central bank actions condition investors to expect bailouts, acting as a massive economic reinforcement schedule.
SPEAKING: Dr. Marcinko will be speaking and lecturing, signing and opining, teaching and preaching, storming and performing at many locations throughout the USA this year! His tour of witty and serious pontifications may be scheduled on a planned or ad-hoc basis; for public or private meetings and gatherings; formally, informally, or over lunch or dinner. All medical societies, financial advisory firms or Broker-Dealers are encouraged to submit an RFP for speaking engagements: CONTACT: Ann Miller RN MHA at MarcinkoAdvisors1738@outlook.com -OR- http://www.MarcinkoAssociates.com
Like, Refer and Subscribe
SEND IN YOUR TOPIC IEAS, TODAY!
HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
CLINICS: http://www.crcpress.com/product/isbn/9781439879900
ADVISORS: www.CertifiedMedicalPlanner.org
FINANCE:Financial Planning for Physicians and Advisors
INSURANCE:Risk Management and Insurance Strategies for Physicians and Advisors
Dictionary of Health Economics and Finance
Dictionary of Health Information Technology and Security
Dictionary of Health Insurance and Managed Care
***
Share this:
Filed under: iMBA, Inc. | Tagged: AI, bf-skinner-on-behavioral-economics, Marcinko, mental health, philosophy, psychology, Technology |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Leave a comment