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The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
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, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the …
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