Deconstructing the law of effect

Do the consequences of past behavior alter future policy, as the law of effect assumes? Or, are behavioral policies based on behaviorally produced information about the state of the world, but not themselves subject to change? In the first case, stable policies are equilibria discovered by trial and error, so adjustments to abrupt changes in the environment must proceed slowly. In the second, adjustments can be as abrupt as the environmental changes. Matching behavior is the robust tendency of subjects to match the relative time and effort they invest in different foraging options to the relative incomes derived from them. Measurement of the time course of adjustments to step changes in the reward-scheduling environment show that adjustments can be as abrupt as the changes that drive them, and can occur with the minimum possible latency. Broader implications for theories about the role of experience in behavior are discussed.