How far ahead do people plan?

John Hey and Julia A. Knoll

Chapter 12 in Experiments in Economics:Decision Making and Markets, 2018, pp 301-306 from World Scientific Publishing Co. Pte. Ltd.

Abstract: We report on an experiment which enables us to infer how far people plan ahead when taking decisions in a dynamic risky context. Just over half of the subjects plan fully, while the rest do not plan ahead at all.

Keywords: Experimental Economics; Risk; Ambiguity; Markets; Auctions; Bargaining; Econometrics; Methodology (search for similar items in EconPapers)
JEL-codes: C90 (search for similar items in EconPapers)
Date: 2018
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Related works:
Journal Article: How far ahead do people plan? (2007)
Working Paper: How Far Ahead Do People Plan? (2006)
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