An Investigation of Time Consistency for Subjective Discontinued Utility
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00793174
Download full text from publisher
Other versions of this item:
- André Lapied & Olivier Renault, 2012. "An Investigation of Time Consistency for Subjective Discontinued Utility," AMSE Working Papers 1210, Aix-Marseille School of Economics, France.
References listed on IDEAS
- Nicolas Drouhin, 2009.
"Hyperbolic discounting may be time consistent,"
Economics Bulletin, AccessEcon, vol. 29(4), pages 2549-2555.
- Nicolas Drouhin, 2009. "Hyperbolic discounting may be time consistent," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00633177, HAL.
- Nicolas Drouhin, 2009. "Hyperbolic discounting may be time consistent," PSE-Ecole d'économie de Paris (Postprint) hal-00633177, HAL.
- Nicolas Drouhin, 2009. "Hyperbolic discounting may be time consistent," Post-Print hal-00633177, HAL.
- Charles Harvey, 1995. "Proportional Discounting of Future Costs and Benefits," Mathematics of Operations Research, INFORMS, vol. 20(2), pages 381-399, May.
- Fishburn, Peter C & Rubinstein, Ariel, 1982. "Time Preference," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 23(3), pages 677-694, October.
- Harris, Christopher & Laibson, David, 2001.
"Dynamic Choices of Hyperbolic Consumers,"
Econometrica, Econometric Society, vol. 69(4), pages 935-957, July.
- Christopher Harris & David Laibson, 1999. "Dynamic Choices of Hyperbolic Consumers," Harvard Institute of Economic Research Working Papers 1886, Harvard - Institute of Economic Research.
- Burness, H Stuart, 1976. "On the Role of Separability Assumptions in Determining Impatience Implications," Econometrica, Econometric Society, vol. 44(1), pages 67-78, January.
- Akerlof, George A, 1991. "Procrastination and Obedience," American Economic Review, American Economic Association, vol. 81(2), pages 1-19, May.
- Thaler, Richard, 1981. "Some empirical evidence on dynamic inconsistency," Economics Letters, Elsevier, vol. 8(3), pages 201-207.
- Drazen Prelec, 2004. "Decreasing Impatience: A Criterion for Non‐stationary Time Preference and “Hyperbolic” Discounting," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(3), pages 511-532, October.
- George Loewenstein & Richard H Thaler, 2003. "Anomalies: Intertemporal Choice," Levine's Working Paper Archive 618897000000000784, David K. Levine.
- Loewenstein, George & Thaler, Richard H, 1989. "Intertemporal Choice," Journal of Economic Perspectives, American Economic Association, vol. 3(4), pages 181-193, Fall.
- E. S. Phelps & R. A. Pollak, 1968. "On Second-Best National Saving and Game-Equilibrium Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 185-199.
- Gilboa, Itzhak, 1989.
"Expectation and Variation in Multi-period Decisions,"
Econometrica, Econometric Society, vol. 57(5), pages 1153-1169, September.
- Itzhak Gilboa, 1989. "Expectation and Variation in Multi-Period Decisions," Post-Print hal-00753240, HAL.
- De Waegenaere, Anja & Wakker, Peter P., 2001. "Nonmonotonic Choquet integrals," Journal of Mathematical Economics, Elsevier, vol. 36(1), pages 45-60, September.
- Chateauneuf, Alain & Rebille, Yann, 2004. "Some characterizations of non-additive multi-period models," Mathematical Social Sciences, Elsevier, vol. 48(3), pages 235-250, November.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
- André Lapied & Olivier Renault, 2012.
"A subjective discounted utility model,"
Economics Bulletin, AccessEcon, vol. 32(2), pages 1171-1179.
- André Lapied & Olivier Renault, 2012. "A subjective Discounted Utility Model," Post-Print hal-01670030, HAL.
- George Loewenstein & Drazen Prelec, 1992. "Anomalies in Intertemporal Choice: Evidence and an Interpretation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 573-597.
- Becker, Gary S & Murphy, Kevin M, 1988.
"A Theory of Rational Addiction,"
Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 675-700, August.
- Becker, Gary S. & Murphy, Kevin M., 1986. "A Theory of Rational Addiction," Working Papers 41, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Harvey, Charles M., 1994. "The reasonableness of non-constant discounting," Journal of Public Economics, Elsevier, vol. 53(1), pages 31-51, January.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- Paul A. Samuelson, 1937. "A Note on Measurement of Utility," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 155-161.
- Bleichrodt, Han & Rohde, Kirsten I.M. & Wakker, Peter P., 2009. "Non-hyperbolic time inconsistency," Games and Economic Behavior, Elsevier, vol. 66(1), pages 27-38, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dorian Jullien, 2016. "Under Uncertainty, Over Time and Regarding Other People: Rationality in 3D," GREDEG Working Papers 2016-20, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 119-155, Emerald Group Publishing Limited.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Méder, Zsombor Z. & Flesch, János & Peeters, Ronald, 2017.
"Naiveté and sophistication in dynamic inconsistency,"
Mathematical Social Sciences, Elsevier, vol. 87(C), pages 40-54.
- Méder, Z.Z. & Flesch, J. & Peeters, R.J.A.P., 2014. "Naiveté and sophistication in dynamic inconsistency," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Drouhin, Nicolas, 2020.
"Non-stationary additive utility and time consistency,"
Journal of Mathematical Economics, Elsevier, vol. 86(C), pages 1-14.
- Nicolas Drouhin, 2019. "Non stationary additive utility and time consistency," Working Papers halshs-01238584, HAL.
- Nicolas Drouhin, 2020. "Non-stationary additive utility and time consistency," Post-Print halshs-02363089, HAL.
- Hammond, Peter J & Zank, Horst, 2013. "Rationality and Dynamic Consistency under Risk and Uncertainty," The Warwick Economics Research Paper Series (TWERPS) 1033, University of Warwick, Department of Economics.
- Anke Gerbe & Kirsten I.M. Rohde, 2010. "Risk and Preference Reversals in Intertemporal Choice," Post-Print hal-00911832, HAL.
- Gerber, Anke & Rohde, Kirsten I.M., 2010. "Risk and preference reversals in intertemporal choice," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 654-668, December.
- Nicolas Drouhin, 2016. "Non stationary additive utility and time consistency," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01238584, HAL.
- de La Bruslerie, Hubert & Pratlong, Florent, 2012.
"La valeur psychologique du temps : une synthèse de la littérature,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 88(3), pages 361-400, Septembre.
- Hubert de La Bruslerie & Florent Pratlong, 2012. "La valeur psychologique du temps : Une synthèse de la littérature," Post-Print halshs-00636357, HAL.
- André Lapied & Olivier Renault, 2012.
"A subjective discounted utility model,"
Economics Bulletin, AccessEcon, vol. 32(2), pages 1171-1179.
- André Lapied & Olivier Renault, 2012. "A subjective Discounted Utility Model," Post-Print hal-01670030, HAL.
- Tyson, Christopher J., 2008.
"Management of a capital stock by Strotz's naive planner,"
Journal of Economic Dynamics and Control, Elsevier, vol. 32(7), pages 2214-2239, July.
- Christopher J. Tyson, 2006. "Management of a Capital Stock by Strotz's Naive Planner," Economics Papers 2006-W01, Economics Group, Nuffield College, University of Oxford.
- Christopher J. Tyson, 2007. "Management of a Capital Stock by Strotz's Naive Planner," Working Papers 615, Queen Mary University of London, School of Economics and Finance.
- Paola Manzini & Marco Mariotti, 2007.
"Choice over Time,"
Working Papers
605, Queen Mary University of London, School of Economics and Finance.
- Manzini, Paola & Mariotti, Marco, 2007. "Choice Over Time," IZA Discussion Papers 2993, Institute of Labor Economics (IZA).
- O'Donoghue, Ted & Rabin, Matthew, 2002.
"Addiction and Present-Biased Preferences,"
Working Papers
02-10, Cornell University, Center for Analytic Economics.
- Ted O'Donoghue & Matthew Rabin, 2003. "Addiction and Present-Biased Preferences," Game Theory and Information 0303005, University Library of Munich, Germany.
- O’Donoghue, Ted & Rabin, Matthew, 2002. "Addiction and Present-Biased Preferences," Department of Economics, Working Paper Series qt3v86x53j, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 2008.
"Procrastination on long-term projects,"
Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 161-175, May.
- O'Donoghue, Ted & Rabin, Matthew, 2002. "Procrastination on Long-Term Projects," Department of Economics, Working Paper Series qt1bz181nv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 2002. "Procrastination on Long-Term Projects," Working Papers 02-09, Cornell University, Center for Analytic Economics.
- Ted O'Donoghue & Matthew Rabin, 2003. "Procrastination on Long-Term Projects," Method and Hist of Econ Thought 0303003, University Library of Munich, Germany.
- O'Donoghue, Ted & Rabin, Matthew, 2012. "Procrastination on Long-Term Projects," Department of Economics, Working Paper Series qt5zb60651, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 2002. "Procrastination on Long-Term Projects," Department of Economics, Working Paper Series qt5jv059fq, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Efe A Ok & Yusufcan Masatlioglu, 2003. "A General Theory of Time Preferences," Levine's Bibliography 234936000000000089, UCLA Department of Economics.
- Wojciech Rybicki, 2012. "Discounting and ideas of intergenerational equity and sustainability," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 22(1), pages 63-84.
- Ebert, Sebastian & Wei, Wei & Zhou, Xun Yu, 2020. "Weighted discounting—On group diversity, time-inconsistency, and consequences for investment," Journal of Economic Theory, Elsevier, vol. 189(C).
- Arthur E. Attema & Han Bleichrodt & Kirsten I. M. Rohde & Peter P. Wakker, 2010. "Time-Tradeoff Sequences for Analyzing Discounting and Time Inconsistency," Management Science, INFORMS, vol. 56(11), pages 2015-2030, November.
- Ted O’Donoghue & Matthew Rabin, 2006. "Incentives and Self Control," Levine's Bibliography 122247000000001262, UCLA Department of Economics.
- Epper, Thomas, 2015. "Income Expectations, Limited Liquidity, and Anomalies in Intertemporal Choice," Economics Working Paper Series 1519, University of St. Gallen, School of Economics and Political Science.
- Kirsten Rohde, 2010. "The hyperbolic factor: A measure of time inconsistency," Journal of Risk and Uncertainty, Springer, vol. 41(2), pages 125-140, October.
- Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 119-155, Emerald Group Publishing Limited.
More about this item
Keywords
Time Distance; Time Consistency; Discounting; Separable Preferences;All these keywords.
JEL classification:
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:halshs-00793174. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.