Smoking today and stopping tomorrow: a limited foresight perspective
Philippe Jehiel () and
Andrew Lilico
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Andrew Lilico: Europe Economics - Europe Economics
PSE-Ecole d'économie de Paris (Postprint) from HAL
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:pseptp:halshs-00754440
DOI: 10.1093/cesifo/ifp028
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