TY - JOUR
T1 - Smokers, smoking deprivation, and time discounting
AU - Yamane, Shoko
AU - Yoneda, Hiroyasu
AU - Takahashi, Taiki
AU - Kamijo, Yoshio
AU - Komori, Yasuhiro
AU - Hiruma, Fumihiko
AU - Tsutsui, Yoshiro
PY - 2013/8
Y1 - 2013/8
N2 - This 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.
AB - This 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.
KW - Economic experiment
KW - Nicotine concentration
KW - Panel logit analysis
KW - Smoking deprivation
KW - Time discounting
UR - http://www.scopus.com/inward/record.url?scp=84878160104&partnerID=8YFLogxK
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U2 - 10.1016/j.socec.2013.04.005
DO - 10.1016/j.socec.2013.04.005
M3 - Article
AN - SCOPUS:84878160104
SN - 1053-5357
VL - 45
SP - 47
EP - 56
JO - Journal of Socio-Economics
JF - Journal of Socio-Economics
ER -