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An economic perspective on addiction and matching

Published online by Cambridge University Press:  04 February 2010

David I. Laibson
David I. Laibson
Affiliation:
Department of Economics, Harvard University, Cambridge, MA 02138. dlaibson@harvard.edu
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Abstract

Economic models of addiction are choice-based. These models push the choice paradigm too far by modeling addiction as rational, normative behavior. Heyman's target article provides a sensible alternative to this economic approach by emphasizing that addiction is characterized by ambivalence and a perceived loss of self control. However, matching may not be a satisfactory platform on which to build this alternative model. Matching experiments do not provide evidence of ambivalence or perceived loss of self control.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 19 , Issue 4 , December 1996 , pp. 583 - 584
Copyright
Copyright © Cambridge University Press 1996

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