Do people plan ahead?
AbstractA crucial basic assumption of economic theories of dynamic behaviour is that people plan ahead. This paper reports on an extremely simple experimental test of this fundamental principle. Indeed the experiment is so simple and so straightforward that it is difficult to believe that anyone would not plan ahead. However subjects are found who do not. What are they doing?
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics Letters.
Volume (Year): 10 (2003)
Issue (Month): 5 (April)
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- John Bone & John Hey & John Suckling, 2009.
"Do people plan?,"
Springer, vol. 12(1), pages 12-25, March.
- Hey, John D. & Knoll, Julia A., 2007.
"How far ahead do people plan?,"
Elsevier, vol. 96(1), pages 8-13, July.
- Anna Conte & M. Vittoria Levati, 2011. "Use of data on planned contributions and stated beliefs in the measurement of social preferences," Jena Economic Research Papers 2011-039, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
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