Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 26 February 2021

Abstract and Keywords

Behavioral economics construes addiction as a pattern of pathological decisions favoring consumption of drugs versus healthy reinforcers. This chapter introduces basic behavioral-economic concepts and reviews results from operant laboratory studies, purchase task studies, and clinical studies that validate the concepts’ utility in addiction research. Research and theory about the economic significance of the delay to receipt of a chosen commodity (delay discounting) is reviewed. Additionally, research bearing on the validity of the competing neurobehavioral decision systems hypothesis, a neuroeconomic theory, is considered by drawing on a diversity of data including functional magnetic resonance imaging (fRMI) and genetic studies. This new theory proposes that addiction is due to hyperactive impulsive and hypoactive executive systems in the brain. Future directions for research and treatment are reviewed.

Keywords: Behavioral economics, delay discounting, neuroeconomics, choice, reinforcement

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.