[ExI] Rationality and Irrationality

Kevin Freels kevin at kevinfreels.com
Tue Dec 18 23:04:51 UTC 2007

> I'm not sure what you mean by your second question but, yes, there's been 
> public health research that shows raising the price of smokes decreases the 
> number of smokers. This effect is not population wide, as you might imagine, 
> those most price sensitive and who have been smoking the fewest number of 
> years are most likely to quit when faced with a price hike. In other words, 
> this approach is most successful with adolescents (especially when combined 
> with peer pressure memes) and least successful with high income long-time 
> smokers. Needless to say, raising the tax on cigs also enlarges the black 
> market but overall, the number of smokers do decrease.
> Josh
Thanks. I wasn;t sure. Looks like most of the people I am around are in 
fact older with higher incomes and less likely to quit. Do you have any 
links to any of these studies?

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