This is a version of:
          Economics of preference change: the case of therapy.
          Journal of Economic Psychology 18 453-463
          but the journal carries a commentary on this piece by Bjorn
          Frank which is not reproduced here.

          THE ECONOMICS OF PREFERENCE CHANGE: THE CASE OF THERAPY
          I. INTRODUCTION.

                The problem with the rational choice model is that it
          neglects the dimensions of personality, self identity and within
          these the role of the emotions. All of these are stirring up
          great ferment within social psychology (see Harre and
          Gillett,1994) but economists have been slow to take an interest.
          Robert Frank (1993,p.162) suggests a move to a model which "views
          preferences not as ends alone but also as the means of achieving
          important material objectives". This implies that we should be
          interested in how preferences change. Otherwise we fall into the
          regress of treating expressed preferences as revealed preferences
          about desired preferences. This is the problem with work on meta-
          or multiple utility models. This paper discusses these in the
          context of studying therapy as a 	process	 of preference
          change.

          II. ECONOMICS AND BEHAVIOURAL CHANGE
                It is convenient to divide behavioural change into that
          which is desired by an individual and that which society seeks to
          impose on an individual. Economists would not make any normative
          judgements on the first kind unless it leads to the second kind.
          The second kind involves either paternalism or a desire to
          correct externalities i.e. it is decided that the state knows
          better than the individual what is good for them or the change is

          deemed necessary to remove costs imposed on others. The problem
          which the individual suffers may be such that they are incapable
          of desiring its removal. However, when it is removed they may be
          supportive of its having been removed. In such a case the
          imposition of therapy is a straightforward case of the state
          acting as an agent on behalf of the rational 'self' inside the
          troubled individual. Alternately we might simply argue that the
          therapy has changed preferences to a liking for the therapy.
          Indeed, it might generate therapy addiction. In terms of the
          household 'firm' as portrayed by Becker, therapy may be an
          abatement technology for externalities akin to technical
          improvements reducing pollution in the corporate firm.
          Surprisingly the work of Becker and his acolytes has yet to
          consider the issue of externalities arising from within the
          structure and function of the family unit.
                From an economist's perspective,an individual who seeks
          modification of their own behaviour is recognizing that they have
          been making errors. The psychological literature distinguishes
          motivational from cognitive errors. Cognitive error arises
          because of the limited information processing capacity of the
          human brain.  We might be satisficers rather than maximizers
          because the latter exceeds our ability in managing our lives. It
          is obvious that mainstream economics would readily embrace the
          notion of cognitive errors. This is seen in the reaction of
          mainstream economics to the work of H.A.Simon which usually
          recieves the least hostility of attempts to broaden the base of
          the discipline [see, for example Heiner (1983)]. Motivational

          errors arise where there are personality embedded attachments to
          particular potential outcomes in an uncertain situation.
          Motivation based approaches recognize the desire to maintain a
          positive self image or identity.  Put bluntly, no one likes to
          think that they have made stupid decisions or are an inadequate
          person. Some beliefs are more supportive of self image than
          others (Langer,1975).

                Motivational errors can be treated in terms of a loss of
          'self control'. Some economists include this in multiple utility
          models (Thaler & Shefrin,1981; Schelling,1984; Etzioni,1987).
          The traditional model of choice rules out any kind of judgmental
          ordering of the arguments of the utility function. If we relax
          this requirement then individuals have preferences about
          preferences. Models of self-control argue that individuals have
          'higher' preferences which lead them to seek additional
          constraints, to reign in the drive to satisfy lower order
          preferences,  which could be viewed as 'utility enhancing
          consumption constraints' (Levy,1988). Compulsive consumers have
          been known to freeze their credit cards in blocks of ice. In
          broad economic terms the reason for foregoing the required
          constraints, in the short run, is that these impose costs in the
          form of psychic effort (Shefrin & Thaler,1988) . Maintaining
          beliefs that conflict with the environment impose costs in the
          form of the strain of reconciliation which leads us on to the
          subject of cognitive dissonance.


                Economic models of cognitive dissonsance stress the
          avoidance of information which contradicts an 	exogenously given
          self identity	 (Gilad,Kaish & Loeb,1987); in these dissonance may
          trigger an information filter which selects in favour of
          information that confirms the wished for belief that is otherwise
          contradicted by the world. There are individual differences in
          tolerance towards cognitive dissonance which may depend on
          constraints in the decision -making environment. Hence, we can
          expand the model to allow for personality simply by allowing a
          new argument in the utility function and seeking to measure it.

                 The idea of modifying behaviour is the essence of any kind
          of therapy. For economists, attempts to change behaviour do not
          generally mean preference change. It would usually imply a change
          in relative prices or a correction of false information which is,
          strictly speaking, still a change in relative (hedonic) prices.
          Take, for example, the following quotation on the suggestion of
          using cheaper credit to help 'problem' debtors: "In any event, if
          easy credit were addictive or the amount of consumer borrowing
          excessive,lowering the price of credit through interest rate
          ceilings would be a strange solution. It would make more sense to
          raise prices through,for example, a special tax, as in the case
          of cigarettes." DeMuth(1986,p.205)

                In the case of cigarettes, taxes are a straightforward
          relative price change whilst health warnings are an attempt to

          correct information failure. Economists have produced a vast
          array of studies assessing the impact of these two variables on
          smoking behaviour. None of the studies make any reference to
          therapeutic approaches (see section IV of Jarvik et al.(1977) for
          discussion of these) which attempt to shift underlying
          preferences. Economists implicitly assume that individuals are
          behaviourally stable and will thus respond in a fairly
          predictable way to stimuli. It is thus not surprising that de
          Muth does not consider the use of therapy as a palliative for the
          problem debtor.  Clearly there may be cases where therapy is
          Pareto superior to price system based approaches to problem
          behaviour.

                There have been recent moves to treat addiction, which
          would traditionally have been regarded as non-rationl problem
          behaviour, as a case of rational choice (see e.g. Becker &
          Murphy,1988, Becker,1992). Becker defines an addiction as
          "simply a strong habit" (Becker,1992,p.329) where a habit is
          defined as a dependency of consumption on past levels. This is
          "harmful or 'bad' if greater present consumption lowers future
          utility " (ibid.p328). An individual with a strong bad
          habit/ addiction is thus someone prone to make cognitive errors
          who may therefore have an incentive to seek to correct these or
          even sign themselves into an institution for a period of
          short-run disutility. If the individual has the extreme
          rationality of Becker models then they can manage their addiction

          without recourse to such corrections. Akerlofian cognitive
          dissonance can be deployed to bridge this gap. If we took it to
          its logical conclusion then we would end up viewing insanity as
          the end product of a rational choice process where the mind has
          lapsed permanently into a created world because dealing with the
          'real' world would threaten the existence of the body. This would
          arise where the cognitive filter breaks down totally and the
          individual is no longer able to juggle the multiple states of
          mind in which they exist. It is at this point that a cure, such
          as formal therapy, may be sought. For cases of incongruity of
          behaviour with stated meta preferences then the same argument
          applies but the individual merely faces less psychic strain of
          reconciling the two states of the world.

          III. THERAPY
                For the purposes of this paper we may define therapy as
          some form of cognitive stimuli designed to change behaviour. The
          behaviour may arise from some form of impairment e.g. learning
          difficulties or be a manifestation of apparent personality
          difficulties (i.e. motivational errors in terms of the
          terminology of section II) e.g. addiction to harmful substances
          or activities such as self-abusive eating cycles. Obviously the
          behaviour may be deemed undesirable by the individual or society
          without the one necessarily implying the other. A bulimic may
          harm themselves without imposing external costs on others.
          Indeed, society does not intervene to prevent bulimics dying
          whereas this has not always been true of hunger strikers.

          There are various types of specialist therapy such as arts
          therapy (Waller & Gilroy,1992). General pyschotherapy is based
          on talking to the subject in an organised way with the intention
          of precipitating hidden or subconscious aspects of personality
          into the conscious mind.
                This is the first role of conventional therapy as a:
          "constructive link between the unconscious and the conscious ..
          a form of communication between the patient and other people"
          [Waller and Dalley(1992,p.10)
          In the more radical work of Melanie Klein therapy involves

          "working through the infantile depressive position ...
          (with a ) desire to make reparation the destructive infantile
          feelings to mother" .. "for true reparation to take place there
          must be admission of the original destruction or there will only
          be denial"
          [ibid,p.12]

                An obvious problem with therapy is evaluation. Its
          provision could merely result in consumption benefits to the the
          practitioner and client in the form of enjoying talking . At
          worst it could lead to welfare losses rendering a patient into a
          more problematic state by unleashing difficult to control
          repressed thoughts. Arts therapists are becomingly increasingly
          aware of such critiques. Although they do not do anything like a
          cost-benefit analyis, the literature shows attempts to research
          whether the practice does any goood. Payne(1993) documents the
          volume of evaluation research whilst Rogers(1993) provides a good
          example of how this is done in the context of sexually abused

          clients. The volumes by Waller & Gilroy(1992) and Payne(1993)
          indicate the range of applications of arts therapy.

                Therapy has been applied to alcohol abusers,
          schizophrenics, the sexually abused, bulimics,anorexics and
          compulsive eaters. These activities range along a spectrum from
          what would be considered utterly pathological in terms of the
          rational choice model to those which Chicagoans (e.g.Becker &
          Murphy,1988,Becker,1992) have tried to bring within its pale.

          IV. SYNTHESIS

                At the most mundane level, therapy could be used to correct
          cognitive errors. If we take the case of alcohol, we could have a
          non-addict who simply feels that they drink too much through a
          tendency to underestimate health risks. Under existing social
          structures such an individual is unlikely to be in therapy. If
          they sought it they might find a means to revise their
          preferences. This can be seen as just a particular process of
          reconciling short and long run preferences in a dual preference
          model. The same kind of effect is sought by some people using

          hypnotism which is,fundamentally, a form of therapy.
                It is more likely that therapy will be applied to
          motivational errors as these are embodied in personality. The aim
          here is to modify goals and make them more explcit. We can use
          game theory in the form of a 'patient's dilemma' (see figure 1)
          to illustrate the basic choice problem. The numbers shown are
          assumed to be discounted utility. One thing that therapy may do
          is distribute happiness differently over the life cycle. The
          figure shows an old self for which preference remain unchanged
          from before a course of therapy and a new self which corresponds
          to possession of the ideal set of meta-preferences. I am here
          making a step not found in multiple utility models. Multiple
          utility models assume that the 'higher' set of preferences is
          more desirable than the lower. Therapy might be a means of
          attaining the higher set of preferences. However there is no
          guarantee that this will be the case. Therapy is geared toward
          finding the 'true' person concealed within repression and
          neuroses.  The subject may not like the true self which emerges
          from the therapy process.


                 I show the new self achieved without therapy as having
          lower utility as the transition involves loss of self esteem
          through being unable to frame motivational errors in terms of a
          reference grid which explicates them.  I am assuming that the
          individual gets to the new self through some kind of trauma which

          has long lasting effects which offset any liberation achieved.
          The trauma could be something like a very bad drug trip or
          alcohol binge which we would see as an attempt by individual to
          administer chemical therapy to themselves.

                If therapy fails to achieve the personality transition of
          motivational error propensity then I show this as the worst
          outcome as there has been failure on both fronts.  The status quo
          will be 100 utils at old persona, no therapy while the pareto
          superior outcome is with therapeutic persona transformation at
          200 utils. The dilemma creates a pressure towards maintenance of
          the status quo.
                Everything so far has been framed in terms of a one period
          game. In fact there will be a sequence of games normally referred
          to as a 'supergame'. Individuals may be too weak in willpower to
          attain 'true' or 'higher' preferences.  Take for example a
          criminal who wishes to quit the life of crime. A cycle of
          getting caught and punished may well be part of the process of
          gravitating towards the desired set of preferences.

                I will now discuss addiction a little further as this is
          the most obvious intersection of Chicagoan economics and
          therapies. It is interesting that Becker's discussion of
          addiction treats it as differing from habit only in degree rather
          than kind. This is an entirely correct and logical deduction if
          one holds to mainstream economic theory as the suitable model of

          human behaviour. Attempts to widen this model in terms of self
          control, dual preferences, Akerlofian cognitive dissonance etc.
          do nothing to change the essence of Becker's position as they are
          still a form of " only slightly-modified utilitarianism";
          (McCain,1990a,p.78). This is why multiple utility is seen as
          futile by some microeconomists ([e.g.Levy,1988) as as it merely
          introduces complicating detail into the standard model.

                Humanistic psychologist Eric Fromm treats addiction as
          derivative of neurotic cravings:
          "To crave that which is harmful is the very essence of mental
          sickness. Every neurosis thus confirms the fact that pleasure can
          be in contradiction to man's real interest" (Fromm,1949,p.179-80)
          This is a difference of kind rather than degree as needs or wants
          are viewed as non-homogeneous. Neurotic cravings are seen as
          different from 'normal' tastes. Becker ignores the process
          leading to cravings treating them as a by-product of a standard
          rational choice process. In mainstream economics utility is the
          same thing as pleasure and rational individuals are assumed to
          maximize utility. It follows that  it does not make sense to say
          that pleasure is in contradiction to one's real interest as one's
          real interest is the pursuit of pleasure.

                Some therapists (e.g. Mahony & Waller,1992,pp.173-175)
          regard addiction as emanating from a narcissistic disorder.

          Narcissistic conflicts arise where an individuual blocks or
          internalizes aggressive impulses towards love objects under
          pressure from a frustrating environment. Such feeelings are
          trapped in the non-verbal stage of development and may require
          non-verbal (arts therapeutic) regression to the stage of fixation
          in order that they be explored. In terms of multiple preference
          models, such individuals in normal cirumstances are 	not able to
          be overtly conscious	 of the self which is associated with the
          ideal set of preferences. Their experience is one of conflict
          between actual preferences and the knowledge that they are not in
          the preferred state. This cycle of addiction is clearly
          different from the Becker model. It would represent a build
          up of tension and aggression spilling over into frustration at
          the inability to discover meta-preferences.

          Therapy and the process of preference change.

                It will be evident from the above that if therapy is to be
          fitted into economics the appropriate slot is multiple
          preference models. These lack any notion of process or adjustment
          to equilibrium which renders them capable,as I have pointed out
          elsewhere (Cameron & Golby,1991), of being reduced to a
          short-run/long-run distinction. Standard microeconomics has a
          cognitive void in that decision-making behaviour is analysed
          without reference to the thought process behind it.
          Our discussion of therapy highlights that decisions may be made

          through intuitive, symbolic, visual or other modes of discourse.

                Some quotations from the arts therapy literature, in Rust's
          work on eating disorders, serve to illustrate this:
          "Art therapy provides a different kind of space from verbal
          psychotherapy where inner processes are normally articulated in
          words. ..this approach assumes that the client can to some extent
          bridge the gap between the image 	inside	 as felt and conceived and
          the image 	outside	 given form to, and embodied in the spoken
          word."
          (Rust,1992,p.161)
          "The art object as a metaphor contains an element of
          transformation. I am thinking of one woman's image of a tree. The
          roots where shown under the earth and among them was painted
          'black shit'. She described the tree as portraying herself and
          that she felt her early experience to be 'full of shit'. How
          could she, she asked, make something of her life when all there
          was at the beginning was bad?. The rest of the group puzzled
          over this dilemma.  Then they struck on the idea that plants
          thrive on shit and that it fertilizes them. The tree could
          transform the shit and use it in its strong, healthy growth.
          Throught this image she began to see that she could use her
          experience in different ways. Instead of cutting off from her
          anger and sadness about her early experience she could feel it
          and use it to help her understand and distinguish her current
          needs and behaviour patterns." [Rust(1992,p.167]. The


          disinterested economist's riposte would be that we deal with
          'normal' people not those in pathological conditions which could
          be neglected in the aggregation to a market model. As I have
          argued above this ignores the issue of cognition and of process.
          The latter is only really glimpsed by Austrian economists and the
          former is not dealt with satisfactorily in any economics.
                 Trying to overcome a blockage of conflict to select a set
          of meta preferences will depend on the individual reckoning
          that they have a problem. This paper has suggested that
          this is done through symbolic non-verbal reasoning. Neo-classical
          economists would argue that the choice behaviour of a fringe
          group of inadequate homo economica can safely be ignored. I would
          like to suggest that more mundane choice behaviour may follow the
          same lines. There is no reason to suppose that the process of
          framing choices differs for the more 'normal' decision-maker. In
          other words we should pay more attention to the case where an
          individual maximizes (or some other goal) utility under a state
          of uncertainty as to what exactly constitutes her utility.

                Being radically pschotherapeutic one could argue that all
          choice behaviour reflects underlying dimensions of the person of
          the chooser. This is echoed in the recent social psychological
          literature which tries to get away from a mechanistic model of
          the mind (Harre and Gillett,1994).

          Policy.
                Therapy is at the end of a spectrum of methods of
          attempting to induce behaviour/preference change. At the opposite
          end are price type mechanisms which include prison sentences for
          abusive behaviours.  In terms of standard microeconomics this
          spectrum would be seen as ranging from the 'normal' agent at the
          latter end of the spectrum to the disturbed. It is a largely
          unstated assumption that the normal dominates. One notable
          feature of much psychiatric and psychological work is that
          finding a normal individual, in the psychiatric sense, is not a
          very normal event in the statistical sense. This may seem a
          strange statement to an economist, so it might be helpful to
          quote Janov (1973, p.145)
          " When I talk about a normal human being, I am discussing a
          defence-free, tensionless, non-struggling person. My view of
          normality has nothing to do with statistical norms,averages,
          social adjustment scales, conformity or non-conformity". It
          should be obvious that this has great relevance to the scale and
          composition of consumption in the economy through such things as
          the influence of body self image on food choice and amount and
          the use of cars as status objects to compensate for feelings of
          inadequacy.
                It is possible to imagine a model of society where
          everyone is abnormal if one defines normal in such an ontological
          way. Assume that individuals are sensitive to experiences and
          stimuli which may overcome their ability to choose in their own

          best interests. They make cognitive or motivational errors. In a
          market society there is a financial incentive for some one
          (advertisers, marketeers and their clients) to exploit this.
          This leads us back to Eric Fromm(1949,p.179)
          "Psychoanalysis confirms the view, held by the opponents of
          hedonistic ethics that the subjective experience of satisfaction
          is in itself deceptive and not a valid criterion of value."

                On a macro scale,such exploitation may be welcomed as an
          engine of economic growth (cp. Cameron,1994 pp.214-217) on debt
          and economic growth) bringing a national neurosis or pscyhosis.
          In other words there may be a cognitive overload which reduces
          the inability of individuals to choose according to their own
          best interests.

               There may be a competitive process inherent in this i.e. the
          fittest, who can adapt best to the disruptive flow of stressful
          messages, will prosper at the expense of those less able to do so.
          In such a neoclassical evolutionary view it is a good thing that
          the stresses of modern living reveal somebody to be anorexic,
          bulimic or whatever because it reveals their inadequacy with
          respect to somebody else for fulfilling a job. In an uncertain
          labour market, i.e. where marginal productivities are difficult
          to observe, high stress reveals information. Perhaps an analogy
          would be helpful. If I was choosing a car out of 10 models and

          was able to observe their life preserving qualities in real life
          accidents without having to pay anything then I would clearly
          benefit (assuming the absence of altruism effects).

                This raises a policy issue of the optimal degree of
          state intervention in the form of therapy or alternate measures
          to reduce the flow of stressful stimuli. Cognitive overload may
          be treated as an externality of the search for high rates of
          aggregate growth. On the basis of the allocation of time model
          substitution effects, of rising wage rates, may lead to
          decreasing parental time and personal rearing inputs which lead
          to identity/adjustment integration problems. Such problems may
          give rise to crime, inadequacy in relationships, failure in work
          or other activites which impose costs on third parties.

          V. CONCLUSION
                 I have considered, in the light of recent attempts to
          broaden the scope of the microeconomics of choice, the case of
          therapy as a means of changing behaviour. To the best of my
          knowledge, economists have not yet written about therapy. This
          seems a curious omission as it may be Pareto superior to other
          means of adjustment. No doubt it comes about from the assumption
          of given tastes which is a way of keeping the wolf of social
          engineering from the door in favour of price incentives.

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          FIGURE 1; THE PATIENT'S DILEMMA


                        No therapy       therapy

          Old self      100               20


          New self       80              200