Cocaine Fans Would Rather Have Money Now Than Cocaine Later

"A new study by addiction and neuroscience researchers sheds new light on understanding how cocaine addicts make decisions, and how they value the drug against the immediate and delayed reward of other items, such as cash. The upshot is that addicts discount cocaine at a steeper rate than they do money, consistently choosing to have money now, rather than twice the value of cocaine later…. Until now, researchers believed that cocaine addicts valued the drug above any other commodity, no matter what the situation. Bickel’s findings however show that cocaine addicts place extra value on the drug only when it is immediately available, and future values of cocaine are heavily discounted."