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 smokersf 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 InfoPaper provided by Institute of Social and Economic Research, Osaka University in its series ISER Discussion Paper with number 0822.
Date of creation: Nov 2011
Date of revision:
Other versions of this item:
- Yamane, Shoko & Yoneda, Hiroyasu & Takahashi, Taiki & Kamijo, Yoshio & Komori, Yasuhiro & Hiruma, Fumihiko & Tsutsui, Yoshiro, 2013. "Smokers, smoking deprivation, and time discounting," The Journal of Socio-Economics, Elsevier, vol. 45(C), pages 47-56.
- 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
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-21 (All new papers)
- NEP-CBE-2011-11-21 (Cognitive & Behavioural Economics)
- NEP-EVO-2011-11-21 (Evolutionary Economics)
- NEP-EXP-2011-11-21 (Experimental Economics)
- NEP-HEA-2011-11-21 (Health Economics)
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