Smokers, smoking deprivation, and time discounting
AbstractThis paper investigates whether smokers exhibit greater time discounting than non-smokers, and how short-term nicotine deprivation affects time discounting. A unique feature of our experiment is that our subjects receive rewards not only of money, but also of actual tobacco. This is done in order to elicit smokers’ true preferences. Smokers are more impatient than non-smokers, consistent with previous studies. Additionally, nicotine deprivation makes smokers even more impatient. These results suggest that nicotine concentration has different effects on time preferences in the short and long runs.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).
Volume (Year): 45 (2013)
Issue (Month): C ()
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/620175
Time discounting; Nicotine concentration; Smoking deprivation; Panel logit analysis; Economic experiment;
Other versions of this item:
- Shoko Yamane & Hiroyasu Yoneda & Taiki Takahashi & Yoshio Kamijo & Yasuhiro Komori & Fumihiko Hiruma & Yoshiro Tsutsui, 2011. "Smokers, Smoking Deprivation, and Time Discounting," ISER Discussion Paper 0822, Institute of Social and Economic Research, Osaka University.
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D90 - Microeconomics - - Intertemporal Choice - - - General
- I10 - Health, Education, and Welfare - - Health - - - General
- Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Loewenstein, George & Prelec, Drazen, 1992. "Anomalies in Intertemporal Choice: Evidence and an Interpretation," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 573-97, May.
- Ida, Takanori & Goto, Rei & Takahashi, Yuko & Nishimura, Shuzo, 2011. "Can economic-psychological parameters predict successful smoking cessation?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(3), pages 285-295, May.
- Badger, Gary J. & Bickel, Warren K. & Giordano, Louis A. & Jacobs, Eric A. & Loewenstein, George & Marsch, Lisa, 2007. "Altered states: The impact of immediate craving on the valuation of current and future opioids," Journal of Health Economics, Elsevier, vol. 26(5), pages 865-876, September.
- Yusuke Kinari & Fumio Ohtake & Yoshiro Tsutsui, 2007.
"Time Discounting: Declining Impatience and Interval Effect,"
ISER Discussion Paper
0679, Institute of Social and Economic Research, Osaka University.
- Yusuke Kinari & Fumio Ohtake & Yoshiro Tsutsui, 2009. "Time discounting: Declining impatience and interval effect," Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 87-112, August.
- Masayo Sato & Yasushi Ohkusa, 2003. "The relationship between smoking initiation and time discount factor, risk aversion and information," Applied Economics Letters, Taylor & Francis Journals, vol. 10(5), pages 287-289, April.
- Khwaja, Ahmed & Silverman, Dan & Sloan, Frank, 2007.
"Time preference, time discounting, and smoking decisions,"
Journal of Health Economics,
Elsevier, vol. 26(5), pages 927-949, September.
- Ahmed Khwaja & Dan Silverman & Frank Sloan, 2006. "Time Preference, Time Discounting, and Smoking Decisions," NBER Working Papers 12615, National Bureau of Economic Research, Inc.
- Uri Benzion & Amnon Rapoport & Joseph Yagil, 1989. "Discount Rates Inferred from Decisions: An Experimental Study," Management Science, INFORMS, vol. 35(3), pages 270-284, March.
- Shunichiro Sasaki & Shiyu Xie & Shinsuke IkedaAuthor-Name: & Jie Qin & Yoshiro Tsutsui, 2008. "Time Discounting: The Delay Effect and Procrastinating Behavior," ISER Discussion Paper 0726, Institute of Social and Economic Research, Osaka University.
- Beraldo, Sergio & Caruso, Raul & Turati, Gilberto, 2013.
"Life is now! Time preferences and crime: Aggregate evidence from the Italian regions,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics),
Elsevier, vol. 47(C), pages 73-81.
- Beraldo, Sergio & Caruso, Raul & Turati, Gilberto, 2013. "Life is now! Time Preferences and Crime: Aggregate Evidence from the Italian Regions," MPRA Paper 49865, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.