scholarly journals Reference‐dependent preferences, time inconsistency, and pay‐as‐you‐go pensions

2021 ◽  
Author(s):  
Torben M. Andersen ◽  
Joydeep Bhattacharya ◽  
Qing Liu
Keyword(s):  
Time Inconsistency ◽  
Reference Dependent Preferences

On closed-loop equilibrium strategies for mean-field stochastic linear quadratic problems

2020 ◽  
Vol 26 ◽  
pp. 41
Author(s):  
Tianxiao Wang
Keyword(s):  
Optimal Control ◽  
Closed Loop ◽  
Optimal Control Problems ◽  
Mean Field ◽  
Open Loop ◽  
Time Inconsistency ◽  
Control Problems ◽  
Linear Quadratic ◽  
Linear Quadratic Optimal Control ◽  
Equilibrium Strategies

This article is concerned with linear quadratic optimal control problems of mean-field stochastic differential equations (MF-SDE) with deterministic coefficients. To treat the time inconsistency of the optimal control problems, linear closed-loop equilibrium strategies are introduced and characterized by variational approach. Our developed methodology drops the delicate convergence procedures in Yong [Trans. Amer. Math. Soc. 369 (2017) 5467–5523]. When the MF-SDE reduces to SDE, our Riccati system coincides with the analogue in Yong [Trans. Amer. Math. Soc. 369 (2017) 5467–5523]. However, these two systems are in general different from each other due to the conditional mean-field terms in the MF-SDE. Eventually, the comparisons with pre-committed optimal strategies, open-loop equilibrium strategies are given in details.

Some Comments on Time-Inconsistency in a Game with Absentmindedness

2000 ◽  
Author(s):  
Nicola Dimitri
Keyword(s):  
Time Inconsistency

Commitment, Flexibility, and Optimal Screening of Time Inconsistency

2012 ◽  
Author(s):  
Simone Galperti
Keyword(s):  
Time Inconsistency ◽  
Optimal Screening

The Rise of Inclusive Political Institutions and Stronger Property Rights: Time Inconsistency Vs. Opacity.

2019 ◽  
Author(s):  
Carmine Guerriero ◽  
Giacomo Benati ◽  
Federico Zaina
Keyword(s):  
Property Rights ◽  
Political Institutions ◽  
Time Inconsistency

Too Many to Fail - An Analysis of Time-inconsistency in Bank Closure Policies

2005 ◽  
Author(s):  
Viral V. Acharya ◽  
Tanju Yorulmazer
Keyword(s):  
Time Inconsistency
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