Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective

31 Pages Posted: 14 Apr 2009

See all articles by Philippe Jehiel

Philippe Jehiel

University College London - Department of Economics; Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS); Centre for Economic Policy Research (CEPR)

Andrew Lilico

University College London - Department of Economics

Multiple version iconThere are 2 versions of this paper

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

Jehiel, Philippe and Lilico, Andrew, Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective (April 2009). CESifo Working Paper Series No. 2603, Available at SSRN: https://ssrn.com/abstract=1379442 or http://dx.doi.org/10.2139/ssrn.1379442

Philippe Jehiel (Contact Author)

University College London - Department of Economics ( email )

Gower Street
London WC1E 6BT, WC1E 6BT
United Kingdom

Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) ( email )

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75007 Paris
France
+33 1 4458 2873 (Phone)
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Centre for Economic Policy Research (CEPR)

London
United Kingdom

Andrew Lilico

University College London - Department of Economics ( email )

Gower Street
London WC1E 6BT, WC1E 6BT
United Kingdom

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