Sentence examples for rational addiction from inspiring English sources
Cawley (2008) and Sloan and Wang (2008) discuss three economic models which attempt to explain an individual's choice to participate in addictive behaviour: perfectly rational addiction (introduced by Becker and Murphy 1988), imperfectly rational addiction, and irrational addiction.
Hussam remains agnostic on whether the behavior of addicts (to cigarettes, drugs, or alcohol, for example) can be fully understood by the theory of rational addiction—"a theory that fails to explain why addicts often regret their behavior or regard it as a mistake," she says.
In the Becker and Murphy [ 9] model of rational addiction, current-period consumption depends not only on lagged consumption but also on expected future consumption because rational addicts consider how much they are planning to consume in the future when making current consumption decisions.
In rational addiction theory, higher discount rates encourage drug use.
These devices would also be beneficial under the rational addiction model (Sloan and Wang 2008).
This study describes government interventions during the 1900s and their effects on cigarette consumption within a rational addiction framework.
The theory of rational drug addiction, for instance, strikes many as a classic example of disciplinary overreach.
By definition, those with substance abuse disorders are not always rational -- addiction is defined as continuing certain behavior despite its negative consequences -- and their treatment is normally paid for with public or private insurance.
One way to test whether people are in fact "rational" about their addictions, Hussam says, is by looking at how changes in the future cost of the behavior affect them today.
This claims to show that addiction is rational, mainly on the basis that people's response to changes in price is statistically significant.
Gary Becker, a Nobel laureate at the University of Chicago, is well known for applying economic theory to questions such as whether marriage is economically efficient, whether drug addiction is rational and how couples decide how many children to have.
