Smokers, smoking deprivation, and time discounting

Shoko Yamane; Hiroyasu Yoneda; Taiki Takahashi; Yoshio Kamijo; Yasuhiro Komori; Fumihiko Hiruma; Yoshiro Tsutsui

doi:10.1007/978-4-431-55402-8_10

Smokers, smoking deprivation, and time discounting

Shoko Yamane, Hiroyasu Yoneda, Taiki Takahashi, Yoshio Kamijo, Yasuhiro Komori, Fumihiko Hiruma, Yoshiro Tsutsui^*

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

This chapter 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.

Original language	English
Title of host publication	Behavioral Economics of Preferences, Choices, and Happiness
Publisher	Springer Japan
Pages	227-253
Number of pages	27
ISBN (Electronic)	9784431554028
ISBN (Print)	9784431554011
DOIs	https://doi.org/10.1007/978-4-431-55402-8_10
Publication status	Published - 2016 Jan 1
Externally published	Yes

Keywords

Economic experiment
Nicotine concentration
Panel logit analysis
Smoking deprivation
Time discounting

ASJC Scopus subject areas

Economics, Econometrics and Finance(all)
Business, Management and Accounting(all)
Psychology(all)

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10.1007/978-4-431-55402-8_10

Cite this

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AU - Yamane, Shoko

AU - Yoneda, Hiroyasu

AU - Takahashi, Taiki

AU - Kamijo, Yoshio

AU - Komori, Yasuhiro

AU - Hiruma, Fumihiko

AU - Tsutsui, Yoshiro

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AB - This chapter 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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KW - Panel logit analysis

KW - Smoking deprivation

KW - Time discounting

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Smokers, smoking deprivation, and time discounting

Abstract

Keywords

ASJC Scopus subject areas

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