W. Kip Viscusi’s views on smoking raise two issues concerning the meaning of “rationality” and its use in economics (“Calculated Risks,” May 31). First, the “rational addiction” model pioneered by ...

I hold an economics degree from the University of Notre Dame (Ph.D., 1989), the university prominently featured in Peter Monaghan’s article “Taking On ‘Rational Man’” (January 24). Permit me two ...

This is a preview. Log in through your library . Abstract This paper makes some interpretations on the Becker and Murphy model of rational addiction so as to consider policy issues beyond the ...

Daniel Kahneman, who understood that not all economic decision-making is strictly rational, has died at the age of 90. His research, which focused on the ways human psychology can warp rational ...

BRUSSELS--(BUSINESS WIRE)--Yesterday, the Platform for Better Preventive Healthcare organised a policy briefing “What are the next steps for the EU addictions policy”, hosted by Czech Member of the ...