Smoking Today and Stopping Tomorrow: a Limited Foresight Perspective

Philippe Jehiel () and Andrew Lilico

CESifo Economic Studies, 2010, vol. 56, issue 2, 141-164

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. (JEL codes: D03, D83, D91, I10) Copyright The Author 2009. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org, Oxford University Press.

Date: 2010
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Working Paper: Smoking today and stopping tomorrow: a limited foresight perspective (2010)
Working Paper: Smoking today and stopping tomorrow: a limited foresight perspective (2010)
Working Paper: Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective (2009)
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