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    Smokers, Smoking Deprivation, and Time Discounting

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    This paper investigates whether smokers exhibit greater time discounting thannon-smokers, and how short-term nicotine deprivation affects time discounting. Aunique 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 resultssuggest that nicotine concentration has different effects on time preferences in the shortand long runs

    On Dinitroisohinokitiol

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