Smoking today and stopping tomorrow: a limited foresight perspective

Philippe Jehiel () and Andrew Lilico
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Andrew Lilico: Europe Economics - Europe Economics

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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.

Keywords: Bounded rationality; Limited foresight; Short-sightedness; Smoking (search for similar items in EconPapers)
Date: 2010-06
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Citations: View citations in EconPapers (14)

Published in CESifo Economic Studies, 2010, 56 (2), pp.141-164. ⟨10.1093/cesifo/ifp028⟩

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Related works:
Journal Article: 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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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00754440

DOI: 10.1093/cesifo/ifp028

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