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Sticking to your plan : the role of present bias for credit card paydown

Kuchler, Theresa; Pagel, Michaela - In: Journal of financial economics 139 (2021) 2, pp. 359-388

Persistent link: https://www.econbiz.de/10012693661

Sweet self-deception

Sommervoll, Dag Einar - In: Journal of economics 109 (2013) 1, pp. 73-88

Persistent link: https://www.econbiz.de/10009740445

Behavioral characterizations of naiveté for time-inconsistent preferences

Ahn, David S.; Iijima, Ryota; Le Yaouanq, Yves; Sarver, Todd - 2017 - Current Draft: November 14, 2016

Persistent link: https://www.econbiz.de/10011647649

Behavioral characterizations of naiveté for time-inconsistent preferences

Ahn, David S.; Iijima, Ryota; Le Yaouanq, Yves; Sarver, Todd - 2016

We propose nonparametric definitions of absolute and comparative naiveté. These definitions leverage ex-ante choice of … naiveté and explore the restrictions implied by our definitions for several prominent models of time inconsistency. Finally …, we discuss the implications of general naiveté for welfare and the design of commitment devices …

Persistent link: https://www.econbiz.de/10011617399

Investment policy for time-inconsistent discounters

Harstad, Bård - 2013

This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...

Persistent link: https://www.econbiz.de/10010223357

The logical consistency of time inconsistency : a theory of forward-looking behavior

Galperti, Simone; Strulovici, Bruno - 2013

This paper argues that, to be forward-looking in a logically consistent sense, a decision maker must take account of his overall well-being, not just his instantaneous utility, in all future periods. However, such a decision-maker is necessarily time inconsistent. The paper explores the...

Persistent link: https://www.econbiz.de/10010197485

Time inconsistency and retirement choice

Scott, Findley, T.; Caliendo, Frank - 2015

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of …

Persistent link: https://www.econbiz.de/10010479952

Income expectations, limited liquidity, and anomalies in intertemporal choice

Epper, Thomas - 2015

Persistent link: https://www.econbiz.de/10011717171

Impatience and time inconsistency in discounting models

Yoon, Haewon - In: Management science : journal of the Institute for … 66 (2020) 12, pp. 5850-5860

Persistent link: https://www.econbiz.de/10012391447

Conservation by lending

Harstad, Bård; Storesletten, Kjetil - 2023

This project analyzes how a principal can motivate an agent to conserve rather than exploit a depletable resource. This dynamic problem is relevant for tropical deforestation as well as for other environmental problems. It is shown that the smaller is the agent's discount factor (e.g., because...

Persistent link: https://www.econbiz.de/10014307153