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Journal Articles CESifo Economic Studies Year : 2010

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.

Dates and versions

halshs-00754440 , version 1 (20-11-2012)

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Philippe Jehiel, Andrew Lilico. Smoking today and stopping tomorrow: a limited foresight perspective. CESifo Economic Studies, 2010, 56 (2), pp.141-164. ⟨10.1093/cesifo/ifp028⟩. ⟨halshs-00754440⟩
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