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Book part
Publication date: 20 May 2017

Abstract

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Human Capital and Health Behavior
Type: Book
ISBN: 978-1-78635-466-2

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Book part
Publication date: 1 January 2006

Steven M. Suranovic and Robert S. Goldfarb

This paper presents a behavioral economics model with bounded rationality to describe an individual's food consumption choices that lead to weight gain and dieting. Using…

Abstract

This paper presents a behavioral economics model with bounded rationality to describe an individual's food consumption choices that lead to weight gain and dieting. Using a physiological relationship determining calories needed to maintain weight, we simulate the food consumption choices of a representative female over a 30-year period. Results show an individual will periodically choose to diet, but that diet will reduce weight only temporarily. Recurrence of weight gain leads to cyclical dieting, which reduces the trend rate of weight increase. Dieting frequency is shown to depend on decision period length, dieting costs, and habit persistence.

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The Economics of Obesity
Type: Book
ISBN: 978-1-84950-482-9

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