Do people plan ahead?

John Bone (), John Hey and John R. Suckling

Applied Economics Letters, 2003, vol. 10, issue 5, 277-280

Abstract: A 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?

Date: 2003
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Citations: View citations in EconPapers (12)

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DOI: 10.1080/1350485032000056882

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