NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

An Economic Model of the Planning Fallacy

Markus K. Brunnermeier, Filippos Papakonstantinou, Jonathan A. Parker

NBER Working Paper No. 14228
Issued in August 2008

---- Acknowledgements -----

For helpful comments, we thank Roland Benabou, Wolfgang Pesendorfer and seminar participants at New York University, Northwestern University, Princeton University, Purdue University, and the 2006 Whitebox Advisors Conference at Yale University, although we remain responsible for all errors, omissions, and typos. Brunnermeier acknowledges financial support from the National Science Foundation (SES 140-6139) and the Sloan Foundation. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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