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.
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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 ()
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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
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