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SSRN Electronic Journal, 2009

DOI: 10.2139/ssrn.1379442

Oxford University Press (OUP), CESifo Economic Studies, 2(56), p. 141-164

DOI: 10.1093/cesifo/ifp028

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Smoking Today and Stopping Tomorrow: a Limited Foresight Perspective

Journal article published in 2009 by Philippe Jehiel, Andrew Lilico
This paper is available in a repository.
This paper is available in a repository.

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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.