Abstract : This article considers an intertemporal decision problem in which the agent has limited foresight. It offers an interpretation of why people may smoke when they are young--as a result of having a short horizon of foresight--and refrain from smoking when they get older--as a result of having better foresight.
https://hal-pjse.archives-ouvertes.fr/halshs-00754440
Contributor : Caroline Bauer
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Submitted on : Tuesday, November 20, 2012 - 9:40:01 AM
Last modification on : Tuesday, April 24, 2018 - 5:20:14 PM
