Table 5.

Smoking probabilities elasticities for binomial probit model

	Elasticity	S.E.
δ(constant time preference)	0.6764	0.1079	***
1-exp(β) (present bias)	0.4166	0.1543	***

Note 1: ***1% significant level (p < 0.01)

Note 2: The present bias elasticities are calculated only for the time-inconsistent samples.