How Far Ahead Do People Plan?
Hey, John D. and Knoll, Julia A. (2006) How Far Ahead Do People Plan? [Discussion Paper]. p. 12. Discussion Papers in Economics (No. 06/17).
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Official URL: http://www.york.ac.uk/media/economics/documents/di...
Abstract/Index
We report on a simple experiment which enables us to infer how far people plan ahead when taking decisions in a dynamic risky context. Usually economic theory assumes that people plan right to the end of the planning horizon. We find that this is true for a little over half of the subjects in the experiment, while a little under one half seem not to plan ahead at all.
| Item Type: | Report / Paper (Discussion Paper) |
|---|---|
| Research documents and activity classification: | Working Papers > Refereed Working Papers / of international relevance |
| Divisions: | Department of Business and Management |
| Additional Information: | The paper has been published as: Hey, John D. & Knoll, Julia A., 2007. "How far ahead do people plan?," Economics Letters, Elsevier, vol. 96(1), pages 8-13, July. |
| Uncontrolled Keywords: | Planning; Dominance; Myopia; Naivety; Sophistication |
| MIUR Scientific Area: | Area 13 - Economics and Statistics > SECS-P/01 Political Economy |
| Deposited By: | Maria Teresa Nistico |
| Deposited On: | 06 Dec 2010 16:11 |
| Last Modified: | 19 Apr 2013 23:32 |
Available versions of this item
- How Far Ahead Do People Plan? (deposited 17 Nov 2009 15:52)
- How Far Ahead Do People Plan? (deposited 06 Dec 2010 16:11) [Currently Displayed]
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