Interdependency among addictive behaviours and time/risk preferences: Discrete choice model analysis of smoking, drinking, and gambling

Takanori Ida, Rei Goto

Research output: Contribution to journalArticle

24 Citations (Scopus)

Abstract

This paper simultaneously measures the rate of time preference and the coefficient of risk aversion, as well as investigates the interdependencies of four addictive behaviours: smoking, drinking, pachinko (a popular Japanese form of pinball gambling), and horse betting among a sample of the Japanese population. We reach two main conclusions. First, there are significant interdependencies among the four addictive behaviours, in particular between smoking and drinking and between gambling on pachinko and the horses. Second, we conclude that the higher the time preference rate and the lower the risk aversion coefficient becomes, the more likely individuals smoke, drink frequently, and gamble on pachinko and the horses.

Original languageEnglish
Pages (from-to)608-621
Number of pages14
JournalJournal of Economic Psychology
Volume30
Issue number4
DOIs
Publication statusPublished - 2009 Aug
Externally publishedYes

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Keywords

  • Addiction
  • Risk aversion
  • Smoking
  • Time preference

ASJC Scopus subject areas

  • Sociology and Political Science
  • Applied Psychology
  • Economics and Econometrics

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