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 proceedingChapter


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 languageEnglish
Title of host publicationBehavioral Economics of Preferences, Choices, and Happiness
PublisherSpringer Japan
Number of pages27
ISBN (Electronic)9784431554028
ISBN (Print)9784431554011
Publication statusPublished - 2016 Jan 1
Externally publishedYes


  • 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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