Thursday, March 15, 2007

laibson paper on not breaking good plans

An interesting recent paper by Laibson that looks at regulations that stop people from deviating from long-term plans on the basis of momentary impulses that they later regret

here

For those of you not familiar with his work, it would be worth going through his papers to familiarise yourself with this work http://www.economics.harvard.edu/faculty/laibson/laibson_published_work.htm

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