Question: Is life-cycle consumption (permanent income hypothesis) model persistent with your believes, and what have you observed?Compare the model with reality on how do we make

Is life-cycle consumption (permanent income hypothesis) model persistent with your believes, and what have you observed?Compare the model with reality on how do we make our decisions in our daily life. You are encouraged to post anything here including your thoughts, questions and suggestions regarding the class topics. And everyone can share ideas and answer other's questions!

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