Güth, Werner; Kliemt, Hartmut; Napel, Stefan - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
Economists usually treat human behavior as being determined by the shadow of the future, while most other social scientists point to the shadow of the past. This paper considers experimental evidence relevant to the controversy and tries to reconcile both explanations of human behavior with each...