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Do People Plan Ahead?

Bone, J.D., Hey, J.D. and Suckling, J.R. (2003) Do People Plan Ahead? Applied Economics Letters, 10 (5). pp. 277-280. ISSN 1350-4851

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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?

Item Type: Article
Institution: The University of York
Academic Units: The University of York > Economics and Related Studies (York)
Depositing User: York RAE Import
Date Deposited: 12 Aug 2009 14:33
Last Modified: 12 Aug 2009 14:33
Published Version: http://dx.doi.org/10.1080/1350485032000056882
Status: Published
Publisher: Taylor & Francis
Identification Number: 10.1080/1350485032000056882
URI: http://eprints.whiterose.ac.uk/id/eprint/5622

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