Obesity and Hyperbolic Discounting: An Experimental Analysis

Models of rational addiction suggest that obesity is consistent with time-consistent preferences. Behavioral economists maintain that addictions such as alcoholism, smoking and over-eating represent examples of present-bias in decision making that is fundamentally irrational. In this article, conduc...

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Bibliographic Details
Main Authors: Timothy J. Richards, Stephen F. Hamilton
Format: Article
Language:English
Published: Western Agricultural Economics Association 2012-08-01
Series:Journal of Agricultural and Resource Economics
Subjects:
Online Access:https://ageconsearch.umn.edu/record/134219