Table 6.
Cigarette dependence elasticities for ordered probit model
| L-Smoker | |||
|---|---|---|---|
| |
Elasticity |
S.E. |
|
| δ (constant time preference) |
-1.2071 |
0.4422 |
*** |
| 1-exp(β) (present bias) |
-0.4268 |
0.1905 |
** |
|
M-Smoker | |||
| |
Elasticity |
S.E. |
|
| δ (constant time preference) |
1.0950 |
0.6759 |
|
| 1-exp(β) (present bias) |
0.5727 |
0.3818 |
|
|
H-Smoker |
|
|
|
| |
Elasticity |
S.E. |
|
| δ (constant time preference) |
0.8404 |
0.3220 |
** |
| 1-exp(β) (present bias) | 0.2658 | 0.1266 | ** |
Note 1: ***1% significant level (p < 0.01), **5% significant level (p < 0.05).
Note 2: The present bias elasticities are calculated only for the time-inconsistent samples.