Takahashi, Ph.D Taiki (2011) A neuroeconomic theory of rational addiction and nonlinear time-perception. [Preprint]
Full text available as:
|
PDF
- Draft Version
105Kb |
Abstract
Neuroeconomic conditions for “rational addiction” (Becker and Murphy, 1988) have been unknown. This paper derived the conditions for “rational addiction” by utilizing a nonlinear time-perception theory of “hyperbolic” discounting, which is mathematically equivalent to the q-exponential intertemporal choice model based on Tsallis' statistics. It is shown that (i) Arrow-Pratt measure for temporal cognition corresponds to the degree of irrationality (i.e., Prelec’s “decreasing impatience” parameter of temporal discounting) and (ii) rationality in addicts is controlled by a nondimensionalization parameter of the logarithmic time-perception function. Furthermore, the present theory illustrates the possibility that addictive drugs increase impulsivity via dopaminergic neuroadaptation without increasing irrationality. Future directions in the application of the model to studies in neuroeconomics are discussed.
Item Type: | Preprint |
---|---|
Keywords: | Neuroeconomics; Econophysics; Addiction; Dopamine; Rationality; Tsallis' statistics |
Subjects: | Psychology > Behavioral Analysis Neuroscience > Behavioral Neuroscience Biology > Behavioral Biology Psychology > Cognitive Psychology Computer Science > Statistical Models Neuroscience > Neuropharmacology Psychology > Psychobiology Psychology > Psychophysics Psychology > Psychophysiology |
ID Code: | 7747 |
Deposited By: | Takahashi, Ph.D Taiki |
Deposited On: | 16 Dec 2011 00:08 |
Last Modified: | 16 Dec 2011 00:08 |
References in Article
Select the SEEK icon to attempt to find the referenced article. If it does not appear to be in cogprints you will be forwarded to the paracite service. Poorly formated references will probably not work.
Metadata
- ASCII Citation
- Atom
- BibTeX
- Dublin Core
- EP3 XML
- EPrints Application Profile (experimental)
- EndNote
- HTML Citation
- ID Plus Text Citation
- JSON
- METS
- MODS
- MPEG-21 DIDL
- OpenURL ContextObject
- OpenURL ContextObject in Span
- RDF+N-Triples
- RDF+N3
- RDF+XML
- Refer
- Reference Manager
- Search Data Dump
- Simple Metadata
- YAML
Repository Staff Only: item control page