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Are addictions “biases and errors” in the rational decision process?

Published online by Cambridge University Press:  29 July 2008

Elias L. Khalil
Elias L. Khalil
Affiliation:
Department of Economics, Monash University, Clayton, VIC 3800, Australia. elias.khalil@buseco.monash.edu.auwww.eliaskhalil.com
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Abstract

Redish et al. view addictions as errors arising from the weak access points of the system of decision-making. They do not analytically distinguish between addictions, on the one hand, and errors highlighted by behavioural decision theory, such as over-confidence, representativeness heuristics, conjunction fallacy, and so on, on the other. Redish et al.'s decision-making framework may not be comprehensive enough to capture addictions.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 31 , Issue 4 , August 2008 , pp. 449 - 450
Copyright
Copyright © Cambridge University Press 2008

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