| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
OBESITY AND HYPERBOLIC DISCOUNTING: AN EXPERIMENTAL ANALYSIS
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| Autores: |
Richards, Timothy J.
Hamilton, Stephen F.
Pofahl, Geoffrey M.
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| Data: |
2011-10-10
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| Ano: |
2010
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| Palavras-chave: |
Addiction
Discounting
Experiments
Hyperbolic
Obesity
Time-inconsistency
Agricultural and Food Policy
Consumer/Household Economics
Demand and Price Analysis
Food Consumption/Nutrition/Food Safety
Food Security and Poverty
Health Economics and Policy
C91
D12
D91
I18
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| Resumo: |
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, we develop a model of present bias and apparently hyperbolic discounting that is fully consistent with rational behavior. We construct an experiment to test our hypothesis and to determine whether discount rates differ for individuals who engage in behaviors that could endanger their health. Our results show that discount functions are quasi-hyperbolic in shape, and that obesity and drinking are positively related to the discount rate. Anti-obesity policy, therefore, would be best directed to informing individuals as to the long-term implications of short-term gratification, rather than taxing foods directly.
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| Tipo: |
Conference Paper or Presentation
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/116410
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| Relação: |
European Association of Agricultural Economists>115th Joint EAAE/AAEA Seminar, September 15-17, 2010, Freising-Weihenstephan, Germany
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| Formato: |
32
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