Navigation auf zora.uzh.ch

Search ZORA

ZORA (Zurich Open Repository and Archive)

Migration von ZORA auf die Software DSpace

ZORA will change to a new software on 8th September 2025. Please note: deadline for new submissions is 21th July 2025!

Information & dates for training courses can be found here: Information on Software Migration.

Irrational entry, rational exit

Chesney, Marc; Hazari, Bharat (1998). Irrational entry, rational exit. Journal of Mathematical Economics, 29(1):1-13.

Abstract

This paper sets up a model for analysing the problem of rational exit where the stopping time itself is part of the integration problem. The model development is for the case of smoking. Smoking produces pleasure, pain and addiction. Our model captures all these elements and using Brownian notion and continuous martingales establishes that “quit smoking” campaigns require a two pronged attack: educational and medical. It develops a new technique which can be applied to other stopping problems where stopping time itself is part of the integration problem.

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Finance
Dewey Decimal Classification:330 Economics
Scopus Subject Areas:Social Sciences & Humanities > Economics and Econometrics
Physical Sciences > Applied Mathematics
Scope:Discipline-based scholarship (basic research)
Language:English
Date:1998
Deposited On:03 Jan 2012 17:17
Last Modified:17 Jul 2025 03:39
Publisher:Elsevier
ISSN:0304-4068
OA Status:Closed
Publisher DOI:https://doi.org/10.1016/S0304-4068(97)00010-4
Official URL:http://www.sciencedirect.com/science/article/pii/S0304406897000104
Other Identification Number:merlin-id:4685

Metadata Export

Statistics

Citations

Dimensions.ai Metrics
3 citations in Web of Science®
3 citations in Scopus®
Google Scholar™

Altmetrics

Downloads

7 downloads since deposited on 03 Jan 2012
0 downloads since 12 months
Detailed statistics

Authors, Affiliations, Collaborations

Similar Publications