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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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Book part
Publication date: 1 January 2006

Abstract

Details

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

To view the access options for this content please click here
Book part
Publication date: 1 January 2006

Kristian Bolin and John Cawley

Five papers in the volume use economic models to predict obesity and related behaviours. Two of the papers are theoretical. Liqun Liu, Andrew J. Rettenmaier, and Thomas R

Abstract

Five papers in the volume use economic models to predict obesity and related behaviours. Two of the papers are theoretical. Liqun Liu, Andrew J. Rettenmaier, and Thomas R. Saving analyse the importance of food quality for bodyweight. Bodyweight is treated as a variable of choice – the individual derives utility from health, food consumption and consumption of a composite good. Bodyweight is assumed to decrease health whenever it differs from its physiologically optimal level. Their model implies that much of further income growth will be used to improve food quality rather than increase caloric intake.

Details

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

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