Increasing workload in a stochastic environment

We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed.

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Year of publication:	2010
Authors:	Weinschenk, Philipp
Publisher:	Bonn : Max Planck Institute for Research on Collective Goods
Subject:	Projektmanagement \| Zeitkonsistenz \| Stochastischer Prozess \| Theorie \| Increasing Workload \| Deadline \| Stochasticity

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Series:	Preprints of the Max Planck Institute for Research on Collective Goods ; 2010,43
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	640960626 [GVK] hdl:10419/57492 [Handle]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; J22 - Time Allocation and Labor Supply ; D11 - Consumer Economics: Theory
Source:	EconStor

Persistent link: https://www.econbiz.de/10010286703