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Alfred Marshall talks about addictive behavior in Principles of Economics: |
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people won't necessarily buy more of a product because it's price falls, and if they grow up using a product when it's price is low, they won't stop buying it just because it's price rises. |
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Marshall's three fundamental aspects of addiction: |
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Definition
1.) physical response (tolerance) 2.) irreversibility (withdrawal) 3.) positive effects of habits (reinforcement) |
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Economists view an addict as: |
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Definition
myopic, imperfectly rational individual |
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The United Nations Drug Control Program cites that the most commonly used substance is: |
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Cannabis followed by amphetamine-type substances. |
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Non-economists define addiction as: |
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a behavior over which an individual has impaired control with harmful consequences. |
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The first group's theories: |
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Definition
"attempt to provide broad insights into the conceptualization of addiction" |
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The second group's theories: |
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Definition
"explain why particular stimuli have a propensity to becoming a focus for addiction" |
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The third group's theories: |
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"why particular individuals are more susceptible to addiction than others." |
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The fourth group's theories: |
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Definition
“the environmental and social conditions which make addiction more or less likely” |
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The fifth group's theories: |
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Definition
“focuses on recovery and relapse…some are broad perspectives, others focus on effects of withdrawal from particular stimuli such as drugs; still others focus on individual factors and others seek to model environmental influences." |
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Definition
an increase in the stock of past consumption results in an increase in current consumption, ceteris paribus. |
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Definition
seek an explanation which identifies the individual's objectives, preferences, and constraints so that a rule can be derived to predict the behavior. |
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