Smoking today and stopping tomorrow: a limited foresight perspective

Journal article: 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.

Author(s)

Philippe Jehiel, Andrew Lilico

Journal
  • CESifo Economic Studies
Date of publication
  • 2010
Keywords JEL
D03 D83 D91 I10
Keywords
  • Bounded rationality
  • Limited foresight
  • Short-sightedness
  • Smoking
Pages
  • 141-164
URL of the HAL notice
Version
  • 1
Volume
  • 56