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Hyperbolic discounting, the sign effect, and the body mass index

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Author Info

  • Ikeda, Shinsuke
  • Kang, Myong-Il
  • Ohtake, Fumio

Abstract

Analysis of a broad survey of Japanese adults confirms that time discounting relates to body weight, not only via impatience, but also via hyperbolic discounting, proxied by inclination toward procrastination, and the sign effect, where future negative payoffs are discounted at a lower rate than future positive payoffs. Body mass index is positively associated with survey responses indicative of impatience and hyperbolic discounting, and negatively associated with those indicative of the sign effect. A one-unit increase in the degree of procrastination is associated with a 2.81 percentage-point increase in the probability of being obese. Subjects exhibiting the sign effect show a 3.69 percentage-point lower probability of being obese and a 4.02 percentage-point higher probability of being underweight than those without the sign effect. These effects are substantial compared with the prevalence rates of the corresponding body mass status. Obesity and underweight thus result in part from the temporal decision biases.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Health Economics.

Volume (Year): 29 (2010)
Issue (Month): 2 (March)
Pages: 268-284

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Handle: RePEc:eee:jhecon:v:29:y:2010:i:2:p:268-284

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Web page: http://www.elsevier.com/locate/inca/505560

Related research

Keywords: Obesity Hyperbolic discounting Sign effect BMI Underweight;

References

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Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Behavioral Economics: Are Impatient Procrastinators More Likely To Get Fat? Yes!
    by Miguel in Simoleon Sense on 2011-03-01 23:05:29
  2. Links 1/03/2011
    by Liam Delaney in Geary Behaviour Centre on 2011-03-01 15:54:00
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Dodd, Mark C., 2014. "Intertemporal discounting as a risk factor for high BMI: Evidence from Australia, 2008," Economics & Human Biology, Elsevier, vol. 12(C), pages 83-97.
  2. Allan, Grant & Gilmartin, Michelle, 2011. "The regional employment impacts of renewable energy expenditures: The case for modelling," SIRE Discussion Papers 2011-68, Scottish Institute for Research in Economics (SIRE).
  3. Augurzky, Boris & Bauer, Thomas K. & Reichert, Arndt R. & Schmidt, Christoph M. & Tauchmann, Harald, 2012. "Does Money Burn Fat? Evidence from a Randomized Experiment," IZA Discussion Papers 6888, Institute for the Study of Labor (IZA).
  4. repec:dau:papers:123456789/11012 is not listed on IDEAS
  5. Johnston, David W. & Lordan, Grace, 2014. "Weight perceptions, weight control and income: An analysis using British data," Economics & Human Biology, Elsevier, vol. 12(C), pages 132-139.
  6. Liu, Yaqin & Ferreira, Susana & Colson, Gregory & Wetzstein, Michael, 2013. "Obesity and Counseling," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149947, Agricultural and Applied Economics Association.
  7. Yamamura, Eiji, 2014. "Time preference and perceptions about government spending and tax: Smokers’ dependence on government support," MPRA Paper 55659, University Library of Munich, Germany.
  8. Charles J. Courtemanche & Garth Heutel & Patrick McAlvanah, 2011. "Impatience, Incentives, and Obesity," NBER Working Papers 17483, National Bureau of Economic Research, Inc.
  9. Johnston, D.W.; & Lordan, G.;, 2012. "My body is fat and my wallet is thin: The link between weight perceptions, weight control and income," Health, Econometrics and Data Group (HEDG) Working Papers 12/27, HEDG, c/o Department of Economics, University of York.
  10. Ryota Nakamura & Marc Suhrcke & Daniel John Zizzo, 2014. "A Triple Test for Behavioral Economics Models and Public Health Policy," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 14-01, School of Economics, University of East Anglia, Norwich, UK..
  11. Alfredo R. Paloyo & Arndt Rüdiger Reichert & Holger Reinermann & Harald Tauchmann, 2011. "The Causal Link Between Financial Incentives and Weight Loss – An Evidence-based Survey of the Literature," Ruhr Economic Papers 0290, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
  12. Myong-Il Kang & Shinsuke Ikeda, 2010. "Time Discounting and Smoking Behavior under Tax Hikes," ISER Discussion Paper 0782, Institute of Social and Economic Research, Osaka University.
  13. Godard, Mathilde, 2013. "Gaining weight through retirement ? Results from the SHARE survey," Economics Papers from University Paris Dauphine 123456789/11535, Paris Dauphine University.

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