publication . Article . 2016

Beneficial and Harmful Addictions: Two sides of the same coin

Rafael López;
Open Access English
  • Published: 01 Jun 2016 Journal: Lecturas de Economía (issn: 0120-2596, eissn: 2323-0622, Copyright policy)
  • Publisher: Universidad de Antioquia
Abstract
In this paper we obtain an isomorphism between harmful and beneficial addictions in a discrete-time binary choice context. The equivalence thus established allows us to study both phenomena (harmful and beneficial addictions) as two sides of the same coin. Besides the theoretical insight it provides, this dualism is also particularly useful because it readily allows for the translation of the results obtained in the domain of harmful addictions to the domain of beneficial addictions. Once the dualism is established, we analyze addictions under both timeconsistent and time-inconsistent preferences. En este artículo obtenemos un isomorfismo entre las adicciones be...
Subjects
free text keywords: sophistication, time inconsistency, adicción, autocontrol, internalidades negativas, formación de hábitos, descuento hiperbólico, ingenuidad, sofisticación, inconsistencia temporal, additions, internalités négatives, formation des habitudes, escompte hyperbolique, ingéniosité, incohérence temporelle, addiction, self-control, negative internalities, habit formation, hyperbolic discounting, naïveté, Economic history and conditions, HC10-1085, Economics as a science, HB71-74

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