Impatience and Immediacy: A Quasi-Hyperbolic Discounting Approach to Smoking Behavior
AbstractThis paper investigates smoking status, including nicotine dependence, on the basis of a quasi-hyperbolic discounting approach. This approach reconciles the traditional rational addiction model and the bounded rational addiction model. The paper measures two key parameters: impatience, in line with the former model, and immediacy, in line with the latter model. There are two main conclusions. First, the impatience and immediacy parameters are positively associated with smoking probability. Second, they are positively associated with nicotine dependence.
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Bibliographic InfoPaper provided by Graduate School of Economics Project Center, Kyoto University in its series Discussion papers with number e-11-010.
Length: 32 pages
Date of creation: Feb 2012
Date of revision:
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Web page: http://www.econ.kyoto-u.ac.jp/projectcenter/
More information through EDIRC
smoking; nicotine dependence; time preference; impatience; immediacy;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- I12 - Health, Education, and Welfare - - Health - - - Health Production
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