How far ahead do people plan?

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.

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Bibliographic Details
Published inEconomics letters Vol. 96; no. 1; pp. 8 - 13
Main Authors Hey, John D., Knoll, Julia A.
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.07.2007
Elsevier
SeriesEconomics Letters
Subjects
Decision making
Decision theory
Dominance
Myopia
Naivety
Organization
Planning
Planning methods
Social research
Sophistication
Naivety
D9
C9
Myopia
Dominance
Planning
Sophistication
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Summary: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.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2006.12.015