Results 21 to 30 of about 18,052,618 (311)
Financial Innovation, 2022 Considering that the assumption of time consistency does not adequately reveal the mechanisms of exit decisions of venture capital (VC), this study proposes two kinds of time-inconsistent preferences (i.e., time-flow inconsistency and time-point ...
Yanzhao Li +3 more
doaj +1 more source
Nonparametric Analysis of Time-Inconsistent Preferences [PDF]
SSRN Electronic Journal, 2020 AbstractThis article provides a revealed preference characterisation of quasi-hyperbolic discounting which is designed to be applied to readily available expenditure surveys. We describe necessary and sufficient conditions for the leading forms of the model and also study the consequences of the restrictions on preferences popularly used in empirical ...
Blow, Laura +2 more
openaire +7 more sources
Inflation Bias, Time Inconsistency of Monetary and Fiscal Policies and Institutional Quality [PDF]
International Journal of Business and Development Studies, 2017 In developing countries, weak institutional quality can increase the probability of applying discretionary policies and can have a great impact on their double-digit inflation.
Ali Hussein Samadi +2 more
doaj +1 more source
Temptation and Retirement Accounts: A Story of Time Inconsistency and Bounded Rationality [PDF]
Athens Journal of Business & Economics, 2020 Research shows that American workers tend to under-save for retirement. Some studies attribute the under-saving to a lack of self-control and time inconsistent saving plans, while others use the bounded rationality of retirement account holders as an ...
Florina Salaghe +3 more
doaj +1 more source
Time-Inconsistent Preferences and Social Security [PDF]
The Quarterly Journal of Economics, 2000 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Ayse Imrohoroglu +2 more
openaire +3 more sources
Logical inconsistencies in time trade-off valuation of EQ-5D-5L health states: Whose fault is it? [PDF]
PLoS ONE, 2017 Inconsistency in the time trade-off (TTO) task in EQ-5D-5L occurs when a respondent gives a higher value to a logically worse health state, the occurrence of inconsistency compromises the quality of the data.
Zhihao Yang +4 more
doaj +1 more source
Failure of Smooth Pasting Principle and Nonexistence of Equilibrium Stopping Rules under Time-Inconsistency [PDF]
SIAM Journal of Control and Optimization, 2018 This paper considers a time-inconsistent stopping problem in which the inconsistency arises from non-constant time preference rates. We show that the smooth pasting principle, the main approach that has been used to construct explicit solutions for ...
K. S. Tan, Wei Wei, X. Zhou
semanticscholar +1 more source
Time Inconsistency and Alcohol Sales Restrictions [PDF]
European Economic Review, 2016 Restrictions on alcohol sales hours or days are commonly used tools in order to reduce alcohol consumption. However, a forward-looking consumer can buy in advance, and thereby mostly undo the impact of the restriction. I study whether time inconsistent consumer preferences can provide a justification for restrictions on alcohol sales time. I estimate a
Marit Hinnosaar
semanticscholar +2 more sources
Impatience and Time Inconsistency in Discounting Models
Management Sciences, 2020 Extant theories of intertemporal choice entangle two aspects of time preference: impatience and time inconsistency.
Haewon Yoon
semanticscholar +1 more source
A Note on Time Inconsistency and Endogenous Exits from a Currency Union
Games, 2022 This paper investigates the effects of members’ exits from a currency union on the credibility of the common currency. In our currency union model, the inflation rate of the common currency is determined by majority voting among N member countries that ...
Yuta Saito
doaj +1 more source