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Table 5 Smoking probabilities elasticities for binomial probit model

From: A quasi-hyperbolic discounting approach to smoking behavior

 

Elasticity

S.E.

δ(constant time preference)

0.6764

0.1079

***

1-exp(β) (present bias)

0.4166

0.1543

***

  1. Note 1: ***1% significant level (p < 0.01)
  2. Note 2: The present bias elasticities are calculated only for the time-inconsistent samples.