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:	2012
Authors:	Weinschenk, Philipp
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 115.2012, 2, p. 286-288
Publisher:	Elsevier
Subject:	Increasing workload \| Deadline \| Stochasticity

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Type of publication:	Article
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; J22 - Time Allocation and Labor Supply ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010572161