Anderhuba, Vital; Dittrich, Dennis A. V.; Güth, Werner; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft
We investigate the intertemporal allocation behavior of spouses with different deterministic life expectations in an experiment. In each period of their life both partners propose a consumption level of which one is then randomly implemented. In spite of the complex dynamics optimal behavior is...