By Craig Hanson
What's dependancy? Why perform a little humans develop into addicted whereas others don't? Is the addict rational? during this ebook, Craig Hanson makes an attempt to reply to those questions and extra. utilizing insights from the beginnings of philosophy to modern behavioral economics, Hanson makes an attempt to evaluate the diversity of how during which we will and can't, comprehend dependancy. precise attention is given to a tough (and arguable) thought dubbed "hyperbolic discounting." Hanson proposes a few differences to the hyperbolic discounting view that let it to give an explanation for not just dependancy, but in addition various mental maladies, akin to self-deception.
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Additional resources for Thinking about Addiction: Hyperbolic Discounting and Responsible Agency. (Value Inquiry Book)
But given that hyperbolic discounting is the status quo of human valuation, how we could ever bring ourselves to valuate in any other manner is not obvious. Even if we were able to do so, Ainslie claims in no uncertain terms, doing so may not be desirable. For example, if I have a chronic problem with over-spending, I might adopt the following rule: Only use my financial resources to purchase food and to pay bills. In many cases, this would turn out to be a financially advantageous rule to follow.
The Rational Choice construal of addiction would reject the notion that we continually reverse our preferences over short periods of time. Symbolically, these presuppositions are demonstrated by appeal to a basic utility function that presupposes a consistent future-discounting rate. Beginning with Paul Samuelson (1937) and continuing today, the Rational Choice theorist uses the following “exponential discounting function”: (1) vi = Aie-kDi 20 THINKING ABOUT ADDICTION This equation claims that the value one places on a good is equal to the amount of utility it provides, discounted per delay.
I offer two weak principles. The first is that a person is morally responsible should it be the case that the person not attempt to change something in its life that it believes to be tremendously harmful. The second is that addicts are to be blamed should they continue to attempt to implement a strategy that has repeatedly failed in the past. I will begin by revisiting the visceral account, Rational Choice Theory, and Ainslie’s model of addiction in a more rigorous manner. My objective is to show why Ainslie’s model deserves such attention not only in philosophy proper, but also in behavioral economics.