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From time-inconsistency to time-consistency for optimal stopping problems. [PDF]
PLoS OneFor optimal stopping problems with time-inconsistent preference, we measure the inherent level of time-inconsistency by taking the time required to turn the naive strategies into the sophisticated ones.
Hu S, Zhou Z.
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Grit, discounting, & time inconsistency. [PDF]
J Risk UncertainAbstract We study the association of the perseverance of effort and the consistency of interests components of the psychological measure of grit with economic measures of impatience and time inconsistency in the general population. We find that impatience is associated with grit through the perseverance of effort component.
König-Kersting C, Trautmann ST.
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Inconsistent Retirement Timing [PDF]
Journal of Human Resources, 2022 We study the effect of inconsistent time preferences on actual and planned retirement timing decisions in two independent datasets. Theory predicts that hyperbolic time preferences can lead to dynamically inconsistent retirement timing. In an online experiment with more than 2,000 participants, we find that time-inconsistent participants retire on ...
Christoph Merkle +2 more
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Optimal control problems with time inconsistency
Electronic Research Archive, 2023 In the present study, the necessary and sufficient conditions of equilibrium control for general optimal control problems with time inconsistency are established in sense of open-loop. As an application, the linear quadratic optimal control problems with
Wei Ji
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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
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Time-Inconsistency with Rough Volatility [PDF]
SIAM Journal on Financial Mathematics, 2021 An earlier version of this paper was circulated and cited under the title "Time-consistent feedback strategies with Volterra processes"
Bingyan Han, Hoi Ying Wong
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Time‐inconsistent contract theory
Mathematical Finance, 2023 AbstractThis paper investigates the moral hazard problem in finite horizon with both continuous and lump‐sum payments, involving a time‐inconsistent sophisticated agent and a standard utility maximizer principal: Building upon the so‐called dynamic programming approach in Cvitanić et al.
Camilo Hernández, Dylan Possamaï
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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
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Time-Inconsistent Charitable Giving [PDF]
Journal of Public Economics, 2016 Abstract We usually assume purchasers of commodities experience utility at the point of transacting a purchase, when money and ownership are exchanged. With charitable giving, the social rewards from giving can begin being enjoyed the moment a decision to give has been made.
Andreoni, James, Serra-Garcia, Marta
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Inconsistency of Time-symmetry Model
Physics Essays, 2021 Can physical objects be in time-symmetry? Physical objects can only exist in a medium that has physical attributes, which means this medium is a type of energy. Is time energy? This article will show that time is not energy and there is no possibility that physical objects could be in time-symmetry.
Srečko Šorli, Štefan Čelan
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