Give a Constructive response to the following, min 350 words with 2 empirical sources, with in text citations.

 

How might you use the matching law to explain population shifts (e.g., from the country to the city)?

 

In this world there are choices and from these choices emerge individual alternatives, along with internal decision variables. These can be equated to our everyday life experience from the past, present, and future. Matching law is conventional learning models of the matching law are based on the latter idea; they assume that subjects learn choice probabilities of respective alternatives and decide stochastically with the probabilities (Saito, Katahira, Okanoya, and Okada, 2014). It is in our natural behavior that choices are made by individuals every second of the day. From these choices there are reactions that can affect one individual to communities and continues to shift worldly impacting us all. These choices can be environmental, educational, and health just to name a few. One person may choose to eat a donut not knowing he’s affecting the entire population by just that one choice. His health can be in jeopardy of heart disease that can have major effects on his health. This can contribute stress to his family members and friends. But importantly puts him in a risk of health problems that if not taken care of he may die. By his death, he has shifted the population to the death rate of people dying with heart disease. On the other hand this individual that paid and ate the donut has helped our economy shift. Paying for a donut has helped those who made the donut stay in business, due to the sale. The matching law process of this individual to purchase a donut regardless of his health has populated other individuals to use match law. Another scenario that can match law can be utilized is President Trump’s election. This process went from matching law to matching laws, because now one person’s thought process of voting for now President Trump has led to another. This infection spread like the plague. Once elected the economy has hampered, people protesting in the streets regarding immigration, healthcare, and conflict of interest with his billion dollar businesses. Moreover, President-elect Trump has vowed to permit Medicare to negotiate drug costs and permit consumers to purchase international pharmaceuticals. This would almost certainly result in lower medication costs but could stifle development of new treatments and reduce provider infusion revenue. According to Balboa (2017), shares of CVS Health Corp and Express Scripts Holding Company (NASDAQ: ESRX) spiked down Wednesday on fears that President Donald Trump may target pharmacy benefit managers for their role in inflating drug prices. This has changed the economy from the way people view new elected President Trump in comparison to former President Obama. The match law will continue being utilized for all Americans and the world in being affected by one man’s decisions.

 

Reference

 

Balboa, E. (2017, Jan 25). Could pharmacy benefit managers be trump's next target? Benzinga Newswires Retrieved from https://search-proquest-com.portal.lib.fit.edu/docview/1861655395?accountid=27313 

 

Saito, H., Katahira, K., Okanoya, K., & Okada, M. (2014). Bayesian deterministic decision making: a normative account of the operant matching law and heavy-tailed reward history dependency of choices. Frontiers in Computational Neuroscience, 8, 18. http://doi.org/10.3389/fncom.2014.00018

Edited on 02/14/2017 at 06:52:PM EST