Smoking Behavior and Rank-Dependent Expected-Uitility

In this note we use the Rank-Dependent Expected-Utility (RDEU) model to analyse how the effect of improved information on smoking risks impacts the consumption of cigarettes. The RDEU model enables us to incorporate the ways individuals perceive smoking risks. We provide conditions for individuals to modify cigarette consumption in the face of improved information, and we show that these conditions depend in particular on the probability of being ill.

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Year of publication:	2006
Authors:	Courbage, Christophe
Published in:	Swiss Journal of Economics and Statistics (SJES). - Schweizerische Gesellschaft für Volkswirtschaft und Statistik / Société Suisse d"Économie et de Statistique - SGVS/SSES, ISSN 0303-9692. - Vol. 142.2006, II, p. 223-230
Publisher:	Schweizerische Gesellschaft für Volkswirtschaft und Statistik / Société Suisse d"Économie et de Statistique - SGVS/SSES
Subject:	Rank-Dependent Expected-Utility \| smoking \| risk \| cigarette consumption \| information

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Extent:	application/pdf
Type of publication:	Article
Classification:	D8 - Information and Uncertainty ; I1 - Health
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005077381