Smoking today and stopping tomorrow: a limited foresight perspective

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.
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Submitted on : Tuesday, November 20, 2012 - 9:40:01 AM
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Philippe Jehiel, Andrew Lilico. Smoking today and stopping tomorrow: a limited foresight perspective. CESifo Economic Studies, Oxford University Press (OUP), 2010, 56 (2), pp.141-164. ⟨10.1093/cesifo/ifp028⟩. ⟨halshs-00754440⟩

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