Are economic agents (consumers) truly 'foresighted' in their decision making?
Are economic agents (consumers) truly 'foresighted' in their decision making?
Order Description
Explain and evaluate the reasoning in the two articles provided to discuss the question above;
A.Blinder 'Intergenerational Transfers and Life Cycle Consumption'
and
Danzinger et al 'The life-cycle hypothesis and the consumption behaviour of the elderly'
In answering the question explain the key points from the two articles
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