Obesity and Hyperbolic Discounting: An Experimental Analysis
Models of rational addiction suggest that obesity is consistent with time-consistent preferences. Behavioral economists maintain that addictions such as alcoholism, smoking and over-eating represent examples of present-bias in decision making that is fundamentally irrational. In this article, conduc...
Main Authors: | Timothy J. Richards, Stephen F. Hamilton |
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Format: | Article |
Language: | English |
Published: |
Western Agricultural Economics Association
2012-08-01
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Series: | Journal of Agricultural and Resource Economics |
Subjects: | |
Online Access: | https://ageconsearch.umn.edu/record/134219 |
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