Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective
31 Pages Posted: 14 Apr 2009
There are 2 versions of this paper
Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective
Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective
Date Written: April 2009
Abstract
This paper 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 - and arguably have a short horizon of foresight - and refrain from smoking when they get older - and their foresight is better.
JEL Classification: D03, D84
Suggested Citation: Suggested Citation
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