Anomaly, impulsivity, and addiction

B-Tier
Journal: Journal of Behavioral and Experimental Economics
Year: 2010
Volume: 39
Issue: 2
Pages: 194-203

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

There are two behavioral approaches to addiction: rational and irrational. The rational approach assumes that addicts have higher time preference rates and lower risk-aversion coefficients--parameters that are interpreted as impulsive preferences. On the other hand, the irrational approach argues that addiction is a consequence of anomalies such as non-expected utility and hyperbolically discounted utility. This paper integrates these two approaches and concludes that anomaly and impulsivity complementarily account for addiction.

Technical Details

RePEc Handle
repec:eee:soceco:v:39:y:2010:i:2:p:194-203
Journal Field
Experimental
Author Count
1
Added to Database
2026-01-25