Some empirical evidence on dynamic inconsistency

Thaler, R. (1981). Some empirical evidence on dynamic inconsistency. Economics Letters, 8(3), 201-207.

Type

Journal article

Intellectual base

Primary research

Year

1981

Link

https://doi.org/10.1016/0165-1765(81)90067-7matched

Cited from

behavioral_economics

Cited by

1 citation across 1 artifact.

Primes

• Temporal Inconsistency and Preference Reversals
  • The same agent who preferred 100 dollars today over 101 dollars a year from now may reverse this preference when the choice is between 100 dollars now and 101 dollars tomorrow, violating the consistency assumption Thaler (1981) documented empirically using delayed-reward elicitations.

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Registry ID ref:359d1b90f279 · see in the full table