Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective
Posted: 4 Jun 2010
There are 2 versions of this paper
Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective
CESifo Working Paper Series No. 2603
Number of pages: 31
Posted: 14 Apr 2009
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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
JEL Classification: D03, D83, D91, I10
Suggested Citation: Suggested Citation
Jehiel, Philippe and Lilico, Andrew, Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective. CESifo Economic Studies, Vol. 56, No. 2, pp. 141-164, 2010, Available at SSRN: https://ssrn.com/abstract=1617071 or http://dx.doi.org/ifp028
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