Jehiel, Philippe; Lilico, Andrew - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 2, pp. 141-164
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 youngas a result of having a short horizon of foresightand refrain from smoking when they get olderas a result of having better...
