Are economic agents (consumers) truly ‘foresighted’ in their decision making?

 
Explain and evaluate the reasoning in the two articles provided to discuss the question above;
A.Blinder ‘Intergenerational Transfers and Life Cycle Consumption’
and
Danzinger et al ‘The life-cycle hypothesis and the consumption behaviour of the elderly’
In answering the question explain the key points from the two articles

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