Is there such a thing as addiction? -- Gambling in scientific focus -- Picoeconomics, impulsive consumption, and disordered gambling -- Behavioral and psychological investigations of disordered gambling -- The neuroeconomics of addiction -- Addictive gambling as the basic form of addiction --...

That the rationality of individual people is ‘bounded’ – that is, finite in scope and representational reach, and constrained by the opportunity cost of time – cannot reasonably be controversial as an empirical matter. In this context, the paper addresses the question as to why, if...

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding...