GalleryPeople’s subjective expectations about their own future health can teach us a great deal about their attitudes towards smoking.
Economic policymaking often depends on the ability to model how people evaluate the future consequences of the decisions that they make. Using data from a sample of nearly 13,000, Yang Wang investigates this by evaluating how people’s decisions to smoke are affected by expectations of their own longevity. She finds that subjectively, individuals attach less weight to their health […]
