Skip navigation
Skip navigation

Does Rational Addiction Imply Irrational Non-Addiction?

Quiggin, John

Description

In this note, the implications of rational addiction theory for the acquisition of habits and addiction are explored. It is shown that, if age-specific death rates are uniform, habits should either be acquired at the beginning of life or not at all. By contrast, under the more realistic assumption that death rates are higher at higher ages, the rational addiction model implies that any addiction with positive initial benefits should be taken up as soon as the age-specific death rate is...[Show more]

CollectionsANU Research Publications
Date published: 2001
Type: Working/Technical Paper
URI: http://hdl.handle.net/1885/40523
http://digitalcollections.anu.edu.au/handle/1885/40523

Download

File Description SizeFormat Image
wp411.pdf414.34 kBAdobe PDFThumbnail


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  23 August 2018/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator