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Working Over Time:Dynamic Inconsistency in Real Effort Tasks
Time Discounting Demand for Commitment Real Effort Convex Time Budget
2015/7/23
Experimental tests of dynamically inconsistent time preferences have largely relied on choices over time-dated monetary rewards. Several recent studies have failed to find the standard patterns of pre...
Measuring the Time Inconsistency of US Monetary Policy
alternative explanation inflation monetary policy asymmetric preferences implicit target
2011/8/21
This paper offers an alternative explanation for the great inflation of the 1970s by measuring a novel source of monetary policy time inconsistency. In the presence of asymmetric preferences, the mone...
The Price of Dynamic Inconsistency for Distortion Risk Measures
The Price of Dynamic Inconsistency Distortion Risk Measures potentially inconsistent behavior.
2011/7/4
A proper framework for measuring and mitigating risk in dynamic settings is of utmost importance,
on both a practical, as well as a theoretical level. In recent years, coherent risk measures have eme...
Inconsistency of the judgment matrix in the AHP method and the decision maker's knowledge
Inconsistency judgment matrix AHP method decision maker's knowledge
2010/12/20
In this paper we propose a method for a quantitative estimation of the decision maker's knowledge in the context of the Analytic Hierarchy Process (AHP) in cases, where the judgment matrix is inconsi...
D ynamic inconsistency and self-control: a planner–doer interpretation
Self-control Time consistency Temptation Intertemporal choice
2014/3/13
We show that Gul and Pesendorfer’s [Econometrica 69 (2001) 1403] representation result for preferences with temptation and self-control can be reexpressed in terms of a costly intrapersonal confl...