Do people plan ahead?

J D Bone, J D Hey, J R Suckling

Research output: Contribution to journalArticlepeer-review

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?.

Original languageEnglish
Pages (from-to)277-280
Number of pages4
JournalApplied Economics Letters
Volume10
Issue number5
DOIs
Publication statusPublished - Apr 2003

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