Vol. 32 (3) 2011 Neuro endocrinology letters

A neuroeconomic theory of rational addiction and nonlinear time-perception.

: Neuroeconomic conditions for "rational addiction" (Becker & Murphy 1988) have been unknown. This paper derived the conditions for "rational addiction" by utilizing a nonlinear time-perception theory of "hyperbolic" discounting, which is mathematically equivalent to the q-exponential intertemporal choice model based on Tsallis' statist.....