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I'm just about to be in a position where I can announce something I've been working on for over 18 months in UL. Everyone who reads this blog knows I have an interest in health economics, but, as a teaser, here's a paper from the Journal of Health Economics based on experimental health economics.

Abstract: In rational addiction theory, higher discount rates encourage drug use. We test this hypothesis in the general framework of rationality and behaviour under risk. We do so using an experimental design with real monetary incentives. The decisions of 34 drug addicts are compared with those of a control group. The decisions of drug users (DU) are not any less consistent with standard theories of behaviour over time and under risk. Further, there is no difference in the estimated discount rate between drug users and the control group, but the former do appear to be more risk-seeking.

Exciting times ahead, folks.