Childhood Resource Scarcity and Planning Fallacy

We propose that growing up poor may not always lead to poor judgment and decision making. Three experiments show that people growing up wealthier are more likely to commit planning fallacy by underestimating expected task times. Mediation analyses suggest socioeconomic disparity in self-efficacy beliefs as an underlying mechanism.



Citation:

Chiraag Mittal, Juliano Laran, and Vladas Griskevicius (2017) ,"Childhood Resource Scarcity and Planning Fallacy", in NA - Advances in Consumer Research Volume 45, eds. Ayelet Gneezy, Vladas Griskevicius, and Patti Williams, Duluth, MN : Association for Consumer Research, Pages: 85-90.

Authors

Chiraag Mittal, Texas A&M University, USA
Juliano Laran, University of Miami, USA
Vladas Griskevicius, University of Minnesota, USA



Volume

NA - Advances in Consumer Research Volume 45 | 2017



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