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An Investigation of Time-Inconsistency
Preference between two future outcomes may change over time—a phenomenon labeled as time inconsistency. The term “time inconsistency” is usually used to refer to cases in which a larger-later outcome is preferred over a smaller-sooner one when both are delayed by some time, but then with the passage of time a preference switches to the smaller-sooner ...
Serdar Sayman, Ayse Öncüler
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Time-Inconsistent Preferences in General Equilibrium [PDF]
There is a growing body of research in economics that studies the consequences of time-inconsistent preferences. This paper introduces time-inconsistent preferences in a general equilibrium setting. We discuss how the standard notion of competitive equilibrium should be extended in order to allow for changes in intertemporal preferences.
Herings P. Jean-Jacques +1 more
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Most studies about life experiences and their long-term impact have relied on retrospective assessments and cross-sectional designs. However, there are concerns about the inconsistency of reports, which have been addressed in a limited scope.
Vanessa Azevedo +2 more
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Logistics Education and Behavioral Training Decisions, Time Distortion, and the Prae Ante View
In training and education for logistics, time inconsistency affects individual decisions regarding education and career choices. This is especially relevant in view of growing boundarylessness of careers that impacts the logistics sector with its high ...
Thomas Neukirchen, Matthias Klumpp
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MENGUKUR TIME INCONSISTENCY KEBIJAKAN MONETER DI INDONESIA
This study measured the time inconsistency of monetary policy in Indonesia using the asymmetric preference parameter in linear exponential loss function of the central bank.
Rini Rahmahdian, Perry Warjiyo
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Inconsistency in intertemporal choice: a behavioral approach [PDF]
Purpose - The purpose of this paper is to introduce the main measures of inconsistency in the context of intertemporal choice and to identify the relationships between them (more specifically, the measures by Prelec, Takahashi and Rohde).
Isabel González Fernández +1 more
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The framework of this paper is subjective time perception in the context of intertemporal choice, that is to say, the process of making decisions on dated outcomes (monetary or not) by an individual or a group of individuals.
Salvador Cruz Rambaud +1 more
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Measuring the Time Inconsistency of Monetary Policy in Indonesia
This study measured the time inconsistency of monetary policy in Indonesia using the asymmetric preference parameter in linear exponential loss function of the central bank.
Rini Rahmahdian, Perry Warjiyo
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Inconsistency Pays?: Time-Inconsistent Subjects and EU Violators Earn More [PDF]
Experimental choice data from 881 subjects based on 40 time-tradeoff items and 32 risky choice items reveal that most subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be explained by well-known theories of behavioral inconsistency, such as hyperbolic discounting and cumulative prospect ...
Berg, Nathan +2 more
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STATUS INCONSISTENCY AS A FACTOR OF LIFE DISSATISFACTION IN RUSSIAN SOCIETY
The growth of social tensions in Russia and the increased dissatisfaction with the authorities have forced a number of researchers to study of the social structure of Russian society.
Georgiy M. Petrenko, Maxim S. Petrenko
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