The behavioral economics and neuroeconomics of disordered gambling: A policy-focused survey of research

Abstract

Examines gambling and problem gambling from a perspective of Behavioral Economics – what people actually do with their finances in various situations. Describes three Behavioural Economic theories of addiction that look at cost-benefit relationships v behavioural alternatives (Loewenstein's model); avoidance of addiction by setting personal rules (Ainslie's theory); and the propensity for people to maximise short-term rather than long-term utility (Rachlin's theory).

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