irreversibility effect.¶
Henry, C. (1974). irreversibility effect. The American Economic Review, 64(6), 1006-1012.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Reversibility and Irreversibility
- Reversibility Horizon is a temporal-boundary prime; Reversibility and Irreversibility is a decision-architecture prime—Henry's (1974) "irreversibility effect" formalized the temporal-threshold framing in which optimal decisions tilt toward flexible options as the closing of the reversibility window approaches.
This sourceEstablishes the irreversibility effect, showing that optimal sequential decisions depend on retained future flexibility, not merely expected payoffs—formalizing the temporal dynamics of reversibility.
- Reversibility Horizon is a temporal-boundary prime; Reversibility and Irreversibility is a decision-architecture prime—Henry's (1974) "irreversibility effect" formalized the temporal-threshold framing in which optimal decisions tilt toward flexible options as the closing of the reversibility window approaches.
- Reversibility Horizon
- The reversibility horizon is more specific: it names the temporal dynamics of reversibility, not just the property itself—the same temporal-flexibility distinction Henry (1974) introduced as the "irreversibility effect" in sequential decisions under uncertainty.
This sourceEstablishes the irreversibility effect, showing that optimal sequential decisions depend on retained future flexibility, not merely expected payoffs—formalizing the temporal dynamics of reversibility.
- The reversibility horizon is more specific: it names the temporal dynamics of reversibility, not just the property itself—the same temporal-flexibility distinction Henry (1974) introduced as the "irreversibility effect" in sequential decisions under uncertainty.
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