“…Second, based on the available medical and sociological literature, we design a dynamic model that clearly emphasizes the interdependence between smoking, eating behavior, and exercising and the importance of the substitutability among health‐related behaviors. Third, we study rational smoking, rational eating, and physical exercise as joint choices, which reciprocally affect each other in an intertemporal framework (e.g., Becker and Murphy, ; Gruber and Kőszegi, ; Levy, ; Dragone, ; Dragone and Savorelli, ). On the one hand, this allows studying the implications of the taxation of addictive goods in the context of interdependent health‐related behaviors; on the other hand, it contributes to the literature on fat taxes, which has been mainly addressed in static models (Schroeter et al.…”