Stutzer, Alois; Frey, Bruno S. - Institute for the Study of Labor (IZA) - 2006
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view … makes it impossible to detect and understand sub-optimal consumption decisions, due to problems of self-control and the … sub-optimal and is therefore reducing a person’s well-being. We discuss recent evidence on smoking and eating habits, TV …