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Choice of addictive behavior: Temptation, risks, and self-control

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Abstract

Today there are several common approaches to the study of addictive consumer choice. However, one of the existing approaches is often overlooked due to its complexity. This article aims to fill this gap. We start with a brief retrospective overview of the history of the issue and proceed by a detailed analysis of current research in the field of choice theory which takes into account the evolution of preferences over time in the presence of addiction. These preferences lead to deviation of a rational consumer from rationality under the influence of temptation, addiction, desire to have a greater choice etc.

Suggested Citation

  • K. Bukin & M. Levin & N. Shilova., 2016. "Choice of addictive behavior: Temptation, risks, and self-control," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 12.
  • Handle: RePEc:nos:voprec:2016-12-6
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    More about this item

    Keywords

    addiction; rationality; consumer choice; preferences.;
    All these keywords.

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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