Behavioral Economics of Self-Control Failure
- PMID: 26339218
- PMCID: PMC4553655
Behavioral Economics of Self-Control Failure
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; dieting behavior; hyperbolic discounting; self-control.
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