Hostname: page-component-5447f9dfdb-bvlk6 Total loading time: 0 Render date: 2025-07-30T17:22:28.468Z Has data issue: false hasContentIssue false
  • English
  • Français

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
Get access Rights & Permissions [Opens in a new window]

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.

Information

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

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Article purchase

Temporarily unavailable

References

Ariely, D. (2008) Predictably irrational: The hidden forces that shape our decisions. HarperCollins.Google Scholar
Baron, J. (2008) Thinking and deciding, 4th ed.Cambridge University Press.Google Scholar
Becker, G. S. (1976) The economic approach to human behavior. University of Chicago Press.CrossRefGoogle Scholar
Kahneman, D., Slovic, P. & Tversky, A., eds. (1982) Judgement under uncertainty: Heuristics and biases. Cambridge University Press.CrossRefGoogle Scholar
Kahneman, D. & Tversky, A. eds. (2000) Choices, values, and frames. Cambridge University Press.CrossRefGoogle Scholar
Khalil, E. L. (1997) Buridan's ass, uncertainty, risk, and self-competition: A theory of entrepreneurship. Kyklos 50:147–63.CrossRefGoogle Scholar
Khalil, E. L. (2007) The problem of creativity: Distinguishing technological action and cognitive action. Revue de Philosophie Economique 8:33–69.Google Scholar
Kreps, D. M. (1990) A course in microeconomic theory. Princeton University Press.CrossRefGoogle Scholar
Nooteboom, B. (2000) Learning and innovation in organizations and economies. Oxford University Press.Google Scholar
Tversky, A. & Kahneman, D. (1981) The framing of decisions and the psychology of choice. Science 211:453–58.CrossRefGoogle ScholarPubMed