Smoking Today and Stopping Tomorrow: a Limited Foresight Perspective
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. (JEL codes: D03, D83, D91, I10) Copyright The Author 2009. Published by Oxford University Press on behalf of Ifo Institute for Economic Research, Munich. All rights reserved. For permissions, please email: journals.permissions@oxfordjournals.org, Oxford University Press.
Year of publication: |
2010
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Authors: | Jehiel, Philippe ; Lilico, Andrew |
Published in: |
CESifo Economic Studies. - CESifo, ISSN 1610-241X. - Vol. 56.2010, 2, p. 141-164
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Publisher: |
CESifo |
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