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An Integrative Model of Rational Diet and Physical Activity: Physiological, Gastronomic and Budgetary Aspects

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Abstract

This paper constructs a model for analyzing the deviations of consumers’ diet and physical activity from their physiologically optimal ones with distinction between a nutritionally and digestively superior food and a taste and price superior food. The consideration of both diet and physical activity and the inclusion of cause-and-effect relationships of the deviations from their physiological optimal ones with ageing, craving, digestive discomfort, health-dependent budget, and non-food consumption and the consideration of intertemporarily bounded rationality adds realistic features to the analysis of rational eating.

Suggested Citation

  • Amnon Levy, 2011. "An Integrative Model of Rational Diet and Physical Activity: Physiological, Gastronomic and Budgetary Aspects," Economics Working Papers wp11-06, School of Economics, University of Wollongong, NSW, Australia.
    • Handle: RePEc:uow:depec1:wp11-06
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow106758.pdf
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    References listed on IDEAS

    as
    1. Darius Lakdawalla & Tomas Philipson, 2002. "The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination," Working Papers 0203, Harris School of Public Policy Studies, University of Chicago.
    2. Levy, Amnon, 2009. "Rational eating: A proposition revisited," Journal of Health Economics, Elsevier, vol. 28(4), pages 908-909, July.
    3. Cassey Lee, 2011. "Bounded Rationality And The Emergence Of Simplicity Amidst Complexity," Journal of Economic Surveys, Wiley Blackwell, vol. 25(3), pages 507-526, July.
    4. Lordan Grace & Quiggin John, 2011. "Should We Put a Thin Subsidy on the Policy Table in the Fight against Obesity?," Forum for Health Economics & Policy, De Gruyter, vol. 14(1), pages 1-13, March.
    5. Levy, Amnon, 2006. "Junk Food, Health and Productivity: Taste, Price, Risk and Rationality," Economics Working Papers wp06-22, School of Economics, University of Wollongong, NSW, Australia.
    6. Dragone, Davide, 2009. "A rational eating model of binges, diets and obesity," Journal of Health Economics, Elsevier, vol. 28(4), pages 799-804, July.
    7. Levy, Amnon, 2002. "Rational eating: can it lead to overweightness or underweightness?," Journal of Health Economics, Elsevier, vol. 21(5), pages 887-899, September.
    8. Levy, Amnon, 2002. "A Theory of Rational Junk-Food Consumption," Economics Working Papers wp02-11, School of Economics, University of Wollongong, NSW, Australia.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Health; Diet; Exercising; Ageing; Craving; Budget; Bounded Rati;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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