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 <>
Submitted on : Tuesday, November 20, 2012 - 9:40:01 AM Last modification on : Tuesday, January 19, 2021 - 11:08:50 AM