Smoking Today and Stopping Tomorrow: A Limited Foresight Perspective
Posted: 4 Jun 2010
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