Absentmindedness is a special case of imperfect recall which according to Piccione and Rubinstein (1997a) leads to time inconsistencies. Aumann, Hart and Perry (1997a) question their argument and show how dynamic inconsistencies can be resolved. The present paper explores this issue from a...

Moral luck means that an actor is morally praised or blamed for an action whose outcome she could not influence. We investigate the importance of this phenomenon in the realm of investments that are increasingly subject to ethical evaluation. We use an online experiment to examine whether...