In their model of addiction, O´Donoghue and Rabin obtain a counterintuitive result: a person that is fully aware of his … behaviors often observed in the realm of addiction. We also address the issue of why an unaddicted person could decide to start … consuming and possibly develop an addiction. In particular, we show that their equilibrium implies that both naifs and …

model where individuals, with and without pain, choose whether to misuse opioids knowing the probabilities of addiction and …-college educated that summarize the transitions into and out of opioid addiction as well as to a deadly overdose. We construct a …

In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … longevity. I distinguish two types of addiction: perfect and common. Individuals with perfect addiction perfectly control their … addiction. Individuals with common addiction, though otherwise rational and forward looking, fail to fully understand how their …

In this paper I unify the economic theories of addiction and health deficit accumulation and develop a life cycle … longevity. I distinguish two types of addiction: perfect and common. Individuals with perfect addiction perfectly control their … addiction. Individuals with common addiction, though otherwise rational and forward looking, fail to fully understand how their …

In this paper, I combine economic theories of health behavior and addiction in order to explain the phenomenon of … successful in weight control and prone to addiction. Addiction to weight control motivates anorexic individuals to perpetually … faster and mortality risk rises. I calibrate the model to a reference American with bmi 28. Due to weight loss addiction, the …

constructed where individuals choose whether to use opioids recreationally, knowing the probabilities of addiction and dying …-college educated that summarize the transitions into and out of opioid addiction as well as to a deadly overdose. The structural model …