A dynamically inconsistent decision maker may deviate from her plan of action as the future draws near. An exponential discounter may do exactly the same when facing an uncertain future. Through an experiment we elicit preferences for pre-commitment and flexibility to help disentangle these two classes of explanations for choice reversal over time. Evidence of widespread commitment favors a preference-based explanation over an uncertainty-based one
People may be uncertain about future preferences, leading to both a prefer-ence for flexibility in c...
Abstract This paper argues that observations of non-stationary choice behavior need not necessarily ...
Many of the decisions we make as economic agents involve choices that play out overtime and that inv...
An agent with dynamically inconsistent preferences may deviate from her plan of action as the future...
We study intertemporal choices through an experiment run over multiple dates and we show that intert...
We study time preferences in a real-effort experiment with a one-month horizon. We report that two t...
A new interest in intertemporal choice is fueled by evidence of non-constant time discounting and a ...
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks i...
A central question in intertemporal decision making is why people reverse their own past choices. So...
People may be uncertain about future preferences, leading to both a preference for flexi-bility in c...
Extant theories of intertemporal choice entangle two aspects of time preference: impatience and time...
We analyze a consumption-saving problem in which time-inconsistent preferences generate demand for c...
Recent research in economics and psychology reveals that people and animals may evaluate choices inc...
Recent research on intertemporal choice (e.g., Ainslie, 1991; Herrnstein, 1990; Loewenstein & El...
Decision makers tend to exhibit a higher degree of impatience when considering a delay to an immedia...
People may be uncertain about future preferences, leading to both a prefer-ence for flexibility in c...
Abstract This paper argues that observations of non-stationary choice behavior need not necessarily ...
Many of the decisions we make as economic agents involve choices that play out overtime and that inv...
An agent with dynamically inconsistent preferences may deviate from her plan of action as the future...
We study intertemporal choices through an experiment run over multiple dates and we show that intert...
We study time preferences in a real-effort experiment with a one-month horizon. We report that two t...
A new interest in intertemporal choice is fueled by evidence of non-constant time discounting and a ...
We study intertemporal choices through an experiment that elicits a subject's plan and then tracks i...
A central question in intertemporal decision making is why people reverse their own past choices. So...
People may be uncertain about future preferences, leading to both a preference for flexi-bility in c...
Extant theories of intertemporal choice entangle two aspects of time preference: impatience and time...
We analyze a consumption-saving problem in which time-inconsistent preferences generate demand for c...
Recent research in economics and psychology reveals that people and animals may evaluate choices inc...
Recent research on intertemporal choice (e.g., Ainslie, 1991; Herrnstein, 1990; Loewenstein & El...
Decision makers tend to exhibit a higher degree of impatience when considering a delay to an immedia...
People may be uncertain about future preferences, leading to both a prefer-ence for flexibility in c...
Abstract This paper argues that observations of non-stationary choice behavior need not necessarily ...
Many of the decisions we make as economic agents involve choices that play out overtime and that inv...