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Impatience and Immediacy: A Quasi-Hyperbolic Discounting Approach to Smoking Behavior

Takanori Ida

Discussion papers from Graduate School of Economics Project Center, Kyoto University

Abstract: This 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.

Keywords: smoking; nicotine dependence; time preference; impatience; immediacy (search for similar items in EconPapers)
JEL-codes: D81 D91 I12 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2012-02
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Persistent link: https://EconPapers.repec.org/RePEc:kue:dpaper:e-11-010

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