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Focus: Addiction: Behavioral Economics of Self-Control Failure
Authors:Shahram Heshmat
Institution:Associate Professor Emeritus, Adjunct Professor of Public Health, Department of Public Health, University of Illinois at Springfield, Springfield, Illinois
Abstract:The main idea in this article is that addiction is a consequence of falling victim to decision failures that lead to preference for the addictive behaviors. Addiction is viewed as valuation disease, where the nervous system overvalues cues associated with drugs or drug-taking. Thus, addiction can be viewed as a diminished capacity to choose. Addicted individuals assign lower values to delayed rewards than to immediate ones. The preference for immediate gratification leads to self-control problems. This article highlights a number of motivational forces that can generate self-control failure.
Keywords:behavioral economics  hyperbolic discounting  self-control  dieting behavior
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