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Title: Anomaly, impulsivity, and addiction
Authors: Ida, Takanori  kyouindb  KAKEN_id
Author's alias: 依田, 高典
Keywords: Anomaly
Time preference
Risk aversion
Issue Date: Apr-2010
Publisher: Elsevier
Journal title: Journal of Socio-Economics
Volume: 39
Issue: 2
Start page: 194
End page: 203
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.
Rights: © 2010 Elsevier B.V.
This is not the published version. Please cite only the published version.
DOI(Published Version): 10.1016/j.socec.2009.10.005
Appears in Collections:Journal Articles

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