scholarly journals A time-inconsistent Dynkin game: from intra-personal to inter-personal equilibria

2022 ◽  
Author(s):  
Yu-Jui Huang ◽  
Zhou Zhou
Keyword(s):  
Dynkin Game ◽  
Time Inconsistent

scholarly journals Can time-inconsistent preferences explain hypothetical biases?

2021 ◽  
Vol 25 ◽  
pp. 100207
Author(s):  
Ondřej Krčál ◽  
Stefanie Peer ◽  
Rostislav Staněk
Keyword(s):  
Time Inconsistent

scholarly journals Consumption Threshold at Which Virtue Products Become Vice Products: The Case of Beer

Foods ◽  
2021 ◽  
Vol 10 (8) ◽  
pp. 1688
Author(s):  
Enar Ruiz-Conde ◽  
Francisco Mas-Ruiz ◽  
Josefa Parreño-Selva
Keyword(s):  
Survey Data ◽  
Health Benefit ◽  
Time Inconsistent

Relative vices and virtues have traditionally been defined according to time-inconsistent preferences. Vice products exchange small immediate rewards (e.g., pleasure) for larger delayed costs (e.g., health), while virtue products exchange small immediate costs for larger delayed rewards. This definition can be criticized because there is evidence that small amounts of beer (or chocolate) convey a long-term health benefit, whereas large quantities impose a delayed cost. Thus, we assume that virtue products can become vice products when consumption is above a certain threshold. Survey data identifies alcoholic beer as a product that gives immediate rewards and does not impose a delayed cost. Our analysis reveals a consumption threshold that supports our assumptions.

scholarly journals Nonparametric Analysis of Time-Inconsistent Preferences

2021 ◽  
Author(s):  
Laura Blow ◽  
Martin Browning ◽  
Ian Crawford
Keyword(s):  
Sufficient Conditions ◽  
Revealed Preference ◽  
Hyperbolic Discounting ◽  
Time Preferences ◽  
Hyperbolic Model ◽  
Nonparametric Analysis ◽  
Time Horizons ◽  
Time Inconsistent ◽  
Using Data ◽  
Necessary And Sufficient

Abstract This paper 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 lifecycle consumption models. Using data from a household consumption panel dataset we explore the prevalence of time-inconsistent behaviour. The quasi-hyperbolic model provides a significantly more successful account of behaviour than the alternatives considered. We estimate the joint distribution of time preferences and the distribution of discount functions at various time horizons.

scholarly journals Optimal equilibria for time‐inconsistent stopping problems in continuous time

2019 ◽  
Vol 30 (3) ◽  
pp. 1103-1134 ◽  
Author(s):  
Yu‐Jui Huang ◽  
Zhou Zhou
Keyword(s):  
Continuous Time ◽  
Time Inconsistent

Linear–Quadratic Time-Inconsistent Mean Field Games

2013 ◽  
Vol 3 (4) ◽  
pp. 537-552 ◽  
Author(s):  
A. Bensoussan ◽  
K. C. J. Sung ◽  
S. C. P. Yam
Keyword(s):  
Mean Field ◽  
Mean Field Games ◽  
Linear Quadratic ◽  
Time Inconsistent

On the robust Dynkin game

2017 ◽  
Vol 27 (3) ◽  
pp. 1702-1755 ◽  
Author(s):  
Erhan Bayraktar ◽  
Song Yao
Keyword(s):  
Dynkin Game
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