Consumer Behaviour Does Rational Addiction Exist

Author : Lukas Dauner
Publisher : GRIN Verlag
ISBN 13 : 3668671206
Total Pages : 28 pages
Book Rating : 4.01/5 ( download)

DOWNLOAD NOW!

Download or read book Consumer Behaviour. Does Rational Addiction Exist? written by Lukas Dauner and published by GRIN Verlag. This book was released on 2018-03-27 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2018 in the subject Economy - Health Economics, grade: 1,0, University of Hohenheim (Institut für Health Care & Public Management), language: English, abstract: It is proposed by Gary S. Becker and Kevin M. Murphy that addictive behavior could be usefully integrated in the rational choice framework. According to their theory, consumers are forward-looking in their decision making and calculate present and future consequences of consuming an addictive good. Becker and Murphy even claim that analyzing addictions as a rational choice offers new insights and a better understanding of addiction. Earlier economic models typically explain addictions with irrational or myopic behavior in which individuals ignore or highly discount the future when making their decisions. While the rational addiction model has become a standard tool in the economic analysis of addictive behavior, it has also been subject to much criticism. As shown in this paper, there is much evidence that model’s assumptions are unrealistic. It is argued however that the model’s predictions rather than its assumptions should be rejected based on the empirical evidence. By reviewing empirical studies which tested the Becker Murphy model, this paper seeks to examine to what extent the rational choice approach can be legitimately applied to addictive behavior. The model’s assumptions and implications will be explained. later, the main criticisms about the theory will be discussed. After that, the most relevant studies and their implications will be reviewed.

Author : Jon Elster
Publisher : Cambridge University Press
ISBN 13 : 9780521640084
Total Pages : 302 pages
Book Rating : 4.83/5 ( download)

DOWNLOAD NOW!

Download or read book Getting Hooked written by Jon Elster and published by Cambridge University Press. This book was released on 1999-03-13 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume offer a thorough discussion of the relationship between addiction and rationality. This book-length treatment of the subject includes contributions from philosophers, psychiatrists, neurobiologists, sociologists and economists. Contrary to the widespread view that addicts are subject to overpowering and compulsive urges, the authors in this volume demonstrate that addicts are capable of making choices and responding to incentives. At the same time they disagree with Gary Becker's argument that addiction is the result of rational choice. The volume offers an exposition of the neurophysiology of addiction, a critical examination of the Becker theory of rational addiction, an argument for a 'visceral theory of addiction', a discussion of compulsive gambling as a form of addiction, several discussions of George Ainslie's theory of hyperbolic discounting, analyses of social causes and policy implications, and an investigation of the problem of relapse.

Author : Rudolph Eugene Vuchinich
Publisher : Elsevier
ISBN 13 : 9780080440569
Total Pages : 468 pages
Book Rating : 4.68/5 ( download)

DOWNLOAD NOW!

Download or read book Choice, Behavioral Economics, and Addiction written by Rudolph Eugene Vuchinich and published by Elsevier. This book was released on 2003-11-13 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice, Behavioural Economics and Addiction is about the theory, data, and applied implications of choice-based models of substance use and addiction. The distinction between substance use and addiction is important, because many individuals use substances but are not also addicted to them. The behavioural economic perspective has made contributions to the analysis of both of these phenomena and, while the major focus of the book is on theories of addiction, it is necessary also to consider the behavioural economic account of substance use in order to place the theories in their proper context and provide full coverage of the contribution of behavioural economics to this field of study. The book discusses the four major theories of addiction that have been developed in the area of economic science/behavioural economics. They are: . hyperbolic discounting . melioration . relative addiction . rational addiction The main objective of the book is to popularise these ideas among addiction researchers, academics and practitioners. The specific aims are to articulate the shared and distinctive elements of these four theories, to present and discuss the latest empirical work on substance abuse and addiction that is being conducted in this area, and to articulate a range of applied implications of this body of work for clinical, public health and public policy initiatives. The book is based on an invitation-only conference entitled, Choice, Behavioural Economics and Addiction: Theory, Evidence and Applications held at the University of Alabama at Birmingham, March 30 - April 1, 2001. The conference was attended by prominent scientists and scholars, representing a range of disciplines concerned with theories of addiction and their consequences for policy and practice. The papers in the book are based on the papers given at the above conference, together with commentaries by distinguished experts and, in many cases, replies to these comments by the presenters.

Author : Michelle Baddeley
Publisher : Routledge
ISBN 13 : 1351813986
Total Pages : 498 pages
Book Rating : 4.83/5 ( download)

DOWNLOAD NOW!

Download or read book Behavioural Economics and Finance written by Michelle Baddeley and published by Routledge. This book was released on 2018-10-17 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioural economics and behavioural finance are rapidly expanding fields that are continually growing in prominence. While orthodox economic models are built upon restrictive and simplifying assumptions about rational choice and efficient markets, behavioural economics offers a robust alternative using insights and evidence that rest more easily with our understanding of how real people think, choose and decide. This insightful textbook introduces the key concepts from this rich, interdisciplinary approach to real-world decision-making. This new edition of Behavioural Economics and Finance is a thorough extension of the first edition, including updates to the key chapters on prospect theory; heuristics and bias; time and planning; sociality and identity; bad habits; personality, moods and emotions; behavioural macroeconomics; and well-being and happiness. It also includes a number of new chapters dedicated to the themes of incentives and motivations, behavioural public policy and emotional trading. Using pedagogical features such as chapter summaries and revision questions to enhance reader engagement, this text successfully blends economic theories with cutting-edge multidisciplinary insights. This second edition will be indispensable to anyone interested in how behavioural economics and finance can inform our understanding of consumers’ and businesses’ decisions and choices. It will appeal especially to undergraduate and graduate students but also to academic researchers, public policy-makers and anyone interested in deepening their understanding of how economics, psychology and sociology interact in driving our everyday decision-making.

Author : Leighton Vaughan Williams
Publisher : Oxford University Press
ISBN 13 : 0199376697
Total Pages : 834 pages
Book Rating : 4.98/5 ( download)

DOWNLOAD NOW!

Download or read book The Oxford Handbook of the Economics of Gambling written by Leighton Vaughan Williams and published by Oxford University Press. This book was released on 2013-11-12 with total page 834 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is growing interest among academics and policymakers in the economics of gambling, which has been stimulated by major regulatory and tax changes in the U.S., U.K. Continental Europe, Asia, Australia and elsewhere. Unfortunately, there is no comprehensive source of path-breaking research on this topic. To fill this gap, we commissioned chapters from leading economists on all aspects of gambling research. Topics covered include the optimal taxation structure for various forms of gambling, factors influencing the demand and supply of gambling services, forecasting of gambling trends, regulation of gambling, the efficiency of racetrack and sports betting markets, gambling prevalence and behavior, modeling the demand for gambling services, the economic impact of gambling, substitution and complementarities among different types of gambling activity, and the relationship between gambling and other sectors of the economy. These are all important issues, with significant global implications. Specifically, we divide the Handbook into sections on casinos, sports betting, horserace betting, betting strategy, motivation, behavior and decision-making in betting markets, prediction markets and political betting, and lotteries and gambling machines

Author :
Publisher :
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.33/5 ( download)

DOWNLOAD NOW!

Download or read book Drug Abuse Services Research Series written by and published by . This book was released on 1992 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Joan Costa-Font
Publisher : Cambridge University Press
ISBN 13 : 1009168134
Total Pages : 235 pages
Book Rating : 4.37/5 ( download)

DOWNLOAD NOW!

Download or read book Behavioural Incentive Design for Health Policy written by Joan Costa-Font and published by Cambridge University Press. This book was released on 2023-05-31 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gives insight into the use of behavioural approaches to incentivise better health and health systems.

Author : Nick Heather
Publisher : Elsevier
ISBN 13 : 9780080501109
Total Pages : 458 pages
Book Rating : 4.09/5 ( download)

DOWNLOAD NOW!

Download or read book Choice, Behavioural Economics and Addiction written by Nick Heather and published by Elsevier. This book was released on 2003-11-13 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice, Behavioural Economics and Addiction is about the theory, data, and applied implications of choice-based models of substance use and addiction. The distinction between substance use and addiction is important, because many individuals use substances but are not also addicted to them. The behavioural economic perspective has made contributions to the analysis of both of these phenomena and, while the major focus of the book is on theories of addiction, it is necessary also to consider the behavioural economic account of substance use in order to place the theories in their proper context and provide full coverage of the contribution of behavioural economics to this field of study. The book discusses the four major theories of addiction that have been developed in the area of economic science/behavioural economics. They are: • hyperbolic discounting • melioration • relative addiction • rational addiction The main objective of the book is to popularise these ideas among addiction researchers, academics and practitioners. The specific aims are to articulate the shared and distinctive elements of these four theories, to present and discuss the latest empirical work on substance abuse and addiction that is being conducted in this area, and to articulate a range of applied implications of this body of work for clinical, public health and public policy initiatives. The book is based on an invitation-only conference entitled, Choice, Behavioural Economics and Addiction: Theory, Evidence and Applications held at the University of Alabama at Birmingham, March 30 - April 1, 2001. The conference was attended by prominent scientists and scholars, representing a range of disciplines concerned with theories of addiction and their consequences for policy and practice. The papers in the book are based on the papers given at the above conference, together with commentaries by distinguished experts and, in many cases, replies to these comments by the presenters.

Author : Virgil K. Y. Ho
Publisher : Oxford University Press, USA
ISBN 13 : 0199282714
Total Pages : 537 pages
Book Rating : 4.15/5 ( download)

DOWNLOAD NOW!

Download or read book Understanding Canton written by Virgil K. Y. Ho and published by Oxford University Press, USA. This book was released on 2005 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: By studying six different aspects of culture in Canton in the period between the two World Wars, this book helps broaden our limited knowledge of the social and cultural lives of the common people in this largest city of South China. The author examines how the Cantonese in this periodindulged in their imagined cultural superiority as "modern" citizens, ushering in a cult of the modern city. During this period, Cantonese opera was also emerging and evolving into a widely accepted form of commercialised mass entertainment. The process of social and cultural change and its impacton the development of this city and its people are revealed throughout the book. This book also aims to redress some major misconceptions of the socio-cultural realities as seen in official rhetoric or academic discourse on the matters of patriotism and anti-foreignism, gambling, prostitution, and opium consumption. Contemporary non-official and folk materials reveal that thecommon people were much more pro-Western than xenophobic in attitude, and the alleged social and political "calamities" of gambling, opium consumption and prostitution were more rhetorical than real. Understanding Canton provides us with, not only a fuller and more comprehensive picture of city lifeand popular mentalities, but also an important clue to understand how and why the social history of this city was distorted and constructed in ways that suited the political ideology and nation-building agenda of the ruling regimes.

Author : Jeffrey A. Schaler
Publisher : Open Court
ISBN 13 : 0812697685
Total Pages : 256 pages
Book Rating : 4.81/5 ( download)

DOWNLOAD NOW!

Download or read book Addiction Is a Choice written by Jeffrey A. Schaler and published by Open Court. This book was released on 2011-09-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Politicians and the media tell us that people who take drugs, including alcohol or nicotine, cannot help themselves. They are supposedly victims of the disease of 'addiciton', and they need 'treatment'. The same goes for sex addicts, shopping addicts, food addicts, gambling addicts, or even addicts to abusive relationships. This theory, which grew out of the Temperance movement and was developed and disseminated by the religious cult known as Alcoholics Anonymous, has not been confirmed by any factual research. Numerous scientific studies show that 'addicts' are in control of their behavior. Contrary to the shrill, mindless propaganda of the 'war on drugs', very few of the people who use alcohol, marijuana, heroin, or cocaine will ever become 'addicted', and of those who do become heavy drug users, most will matrue out of it in time, without treatment. Research indicates that 'treatment' is completely ineffective, an absolute waste of time and money. Instead of looking at drub addiction as a disease, Dr. Schaler proposes that we view it as willful commitment or dedication, akin to joining a religion or pursuing a romantic involvement. While heavy consumption of drugs is often foolish and self-destructive, it is a matter of personal choice.