A neuroeconomic theory of rational addiction and nonlinear time-perception

Neuroendocrinology Letters

Volumn 32, Issue 3, 2011, Pages 221-225

  Takahashi, Taiki ^a  

^a HOKKAIDO UNIVERSITY   (Japan)

Author keywords

Addiction; Dopamine; Econophysics; Neuroeconomics; Rationality; Tsallis' statistics

Indexed keywords

ADDICTION; ALCOHOLISM; AVERSION; BEHAVIOR; CONCEPTUAL FRAMEWORK; CORPUS STRIATUM; DECISION MAKING; DOPAMINERGIC TRANSMISSION; DRUG DEPENDENCE; ECONOMICS; HUMAN; IMPULSIVENESS; NEUROCHEMISTRY; NEUROECONOMICS; NEUROLOGY; NONLINEAR SYSTEM; PATIENCE; PSYCHOPHYSICS; REVIEW; REWARD; SMOKING; STATISTICAL ANALYSIS; STATISTICAL PARAMETERS; TIME; TIME PERCEPTION;

EID: 80051958776     PISSN: 0172780X     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Review

References (24)

1. Anteneodo C, Tsallis C, Martinez AS (2002) Risk aversion in economic transactions. Europhysics Letters. 59(5): 635-641.
2. Arrow KJ (1965) Aspects of the Theory of Risk-Bearing. Helsinki: Yrjö Hahnsson Foundation.
3. Becker GS and Murphy KM (1988) A theory of rational addiction Journal of Political Economy. 96: 675-700.
4. Bickel WK, Marsch LA (2001) Toward a behavioral economic understanding of drug dependence: delay discounting processes. Addiction. 96: 73-86. (Pubitemid 32099341)
5. Cajueiro DO (2006) A note on the relevance of the q-exponential function in the context of intertemporal choices. Physica A. 364: 385-388.
6. Estle SJ, Green L, Myerson J, Holt DD (2006) Differential effects of amount on temporal and probability discounting of gains and losses. Mem Cognit. 34: 914-928. (Pubitemid 44543082)
7. Gruber J, Koszegi B (2001) Is addiction rational? Theory and evidence. Quarterly Journal of Economics. 116: 1261-1303. (Pubitemid 33585369)
8. Kim KB, Zauberman G (2009) Perception of Anticipatory Time in Temporal Discounting, Journal of Neuroscience, Psychology, and Economics. 2(2): 91-101.
9. Laibson D (1997) Golden Eggs and Hyperbolic Discounting. Quarterly Journal of Economics. 112: 443-477.
10. Von Neumann, J., and Morgenstern O (1947) Theory of Games and Economic Behavior, 2nd ed. Princeton: Princeton University Press.
11. Ohmura Y, Takahashi T, Kitamura N (2005) Discounting delayed and probabilistic monetary gains and losses by smokers of cigarettes. Psychopharmacology. 182: 508-515. (Pubitemid 41464632)
12. Pratt JW (1964) Risk Aversion in the Small and in the Large. Econometrica. 32: 122-136.
13. Prelec D (2004) Decreasing impatience: A criterion for non-stationary time preference and hyperbolic discounting. Scandinavian Journal of Economics. 106: 511-532.
14. Rubia K, Halari R, Christakou A, Taylor E (2009). Impulsiveness as a timing disturbance: neurocognitive abnormalities in attention-deficit hyperactivity disorder during temporal processes and normalization with methylphenidate. Philos Trans R Soc Lond B Biol Sci. 364(1525): 1919-1931.
15. Takahashi T (2005) Loss of self-control in intertemporal choice may be attributable to logarithmic time-perception. Med Hypotheses. 65(4): 691-693.
16. Takahashi T (2006) Time-estimation error following Weber-Fechner law may explain subadditive time-discounting. Med Hypotheses. 67: 1372-1374.
17. Takahashi T, Ono H, Radford MHB (2007) Empirical estimation of consistency parameter in intertemporal choice based on Tsallis' statistics Physica A: Statistical Mechanics and its Applications. 381: 338-342.
18. Takahashi T, Oono H, Radford MHB (2008) Psychophysics of time perception and intertemporal choice models. Physica A: Statistical Mechanics and its Applications. 87: 8-9: 2066-2074.
19. Takahashi T, Oono H, Inoue T, Boku S, Kako Y, Kitaichi Y, Kusumi I, Masui T, Nakagawa S, Suzuki K, Tanaka T, Koyama T, Radford MH (2008) Depressive patients are more impulsive and inconsistent in intertemporal choice behavior for monetary gain and loss than healthy subjects: an analysis based on Tsallis' statistics. NeuroEndocrinol Letters. 29(3): 351-358.
20. Takahashi T (2009) Theoretical frameworks for neuroeconomics of intertemporal choice. Journal of Neuroscience, Psychology, and Economics. 2: 75-90.
21. Tsallis C (1994) Química. Nova 17: p. 468.
22. Ward RD, Kellendonk C, Simpson EH, Lipatova O, Drew MR, Fairhurst S, Kandel ER, Balsam PD (2009) Impaired timing precision produced by striatal D2 receptor overexpression is mediated by cognitive and motivational deficits. Behav Neurosci. 123: 720-730.
23. Williamson LL, Cheng RK, Etchegaray M, Meck WH (2008) "Speed" warps time: methamphetamine's interactive roles in drug abuse, habit formation, and the biological clocks of circadian and interval timing. Curr Drug Abuse Rev. 1: 203-212.
24. Zauberman G, Kim BK, Malkoc S, Bettman JR (2009) Discounting time and time discounting: Subjective time perception and intertemporal preferences. Journal of Marketing Research. 46: 543-556.