Consumer Credit,Impulse Buying and Bankruptcy Law-Time Pressure and Cognitive Dissonance Model-

The standard economic model of consumers ’ choice for personal bankruptcy has been formalized with a two-period Fisherian consumption model (for example, see Jaffee & Russell (1976), Kowalewski (1982), White (1987/88)). This standard mode

Smokers, Smoking Deprivation, and Time Discounting

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 smokersf 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.

Smokers, Smoking Deprivation, and Time Discounting

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