Dynamically Inconsistent Preferences and Money Demand
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
- R. A. Pollak, 1968. "Consistent Planning," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 201-208.
- Matthew Rabin & Ted O'Donoghue, 1999.
"Doing It Now or Later,"
American Economic Review, American Economic Association, vol. 89(1), pages 103-124, March.
- Ted O'Donoghue & Matthew Rabin, 1996. "Doing It Now or Later," Discussion Papers 1172, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Ted O'Donoghue and Matthew Rabin ., 1997. "Doing It Now or Later," Economics Working Papers 97-253, University of California at Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 1997. "Doing It Now or Later," Department of Economics, Working Paper Series qt7t44m5b0, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- David I. Laibson & Andrea Repetto & Jeremy Tobacman, 1998. "Self-Control and Saving for Retirement," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1), pages 91-196.
- Ted O'Donoghue & Matthew Rabin, 2001.
"Choice and Procrastination,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 121-160.
- O'Donoghue, Ted & Rabin, Matthew, 2000. "Choice and Procrastination," Department of Economics, Working Paper Series qt5r26k54p, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Ted O' Donoghue & Matthew Rabin, 2001. "Choice and Procrastination," Microeconomics 0012002, University Library of Munich, Germany.
- Ted O' Donoghue and Matthew Rabin., 2000. "Choice and Procrastination," Economics Working Papers E00-281, University of California at Berkeley.
- Luigi Giamboni & Emanuele Millemaci & Robert J. Waldmann, 2013.
"Evaluating how predictable errors in expected income affect consumption,"
Applied Economics, Taylor & Francis Journals, vol. 45(28), pages 4004-4021, October.
- Giamboni, Luigi & Millemaci, Emanuele & Waldmann, Robert, 2007. "Evaluating how predictable errors in expected income affect consumption," MPRA Paper 12939, University Library of Munich, Germany.
- Thaler, Richard H & Shefrin, H M, 1981.
"An Economic Theory of Self-Control,"
Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 392-406, April.
- H. M. Shefrin & Richard Thaler, 1977. "An Economic Theory of Self-Control," NBER Working Papers 0208, National Bureau of Economic Research, Inc.
- David Laibson, 2001.
"A Cue-Theory of Consumption,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 81-119.
- Laibson, David I., 2000. "A Cue-Theory of Consumption," Scholarly Articles 4481496, Harvard University Department of Economics.
- Kahneman, Daniel & Thaler, Richard H, 1991. "Economic Analysis and the Psychology of Utility: Applications to Compensation Policy," American Economic Review, American Economic Association, vol. 81(2), pages 341-346, May.
- George-Marios Angeletos & David Laibson & Andrea Repetto & Jeremy Tobacman & Stephen Weinberg, 2001. "The Hyberbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 47-68, Summer.
- David Laibson, 1997.
"Golden Eggs and Hyperbolic Discounting,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
- Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
- Donkers, Bas & van Soest, Arthur, 1999.
"Subjective measures of household preferences and financial decisions,"
Journal of Economic Psychology, Elsevier, vol. 20(6), pages 613-642, December.
- Donkers, A.C.D. & van Soest, A.H.O., 1997. "Subjective measures of household preferences and financial decisions," Discussion Paper 1997-70, Tilburg University, Center for Economic Research.
- Donkers, A.C.D. & van Soest, A.H.O., 1997. "Subjective measures of household preferences and financial decisions," Other publications TiSEM dc7cddce-7494-4aef-9588-5, Tilburg University, School of Economics and Management.
- Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- I am storing pdf's at google sites so you can see my research
by Robert in Robert's Stochastic Thoughts on 2009-03-16 16:09:00
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kohei Kubota & Mototsugu Fukushige, 2016.
"Rational Consumers,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 57(1), pages 231-254, February.
- Kohei Kubota & Mototsugu Fukushige, 2009. "Rational Consumers," Discussion Papers in Economics and Business 09-15-Rev, Osaka University, Graduate School of Economics, revised Jun 2011.
- Kohei Kubota & Mototsugu Fukushige, 2009. "Rational consumers," Discussion Papers in Economics and Business 09-15, Osaka University, Graduate School of Economics.
- O'Donoghue, Ted & Rabin, Matthew, 2008.
"Procrastination on long-term projects,"
Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 161-175, May.
- O'Donoghue, Ted & Rabin, Matthew, 2002. "Procrastination on Long-Term Projects," Department of Economics, Working Paper Series qt1bz181nv, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 2002. "Procrastination on Long-Term Projects," Working Papers 02-09, Cornell University, Center for Analytic Economics.
- Ted O'Donoghue & Matthew Rabin, 2003. "Procrastination on Long-Term Projects," Method and Hist of Econ Thought 0303003, University Library of Munich, Germany.
- O'Donoghue, Ted & Rabin, Matthew, 2012. "Procrastination on Long-Term Projects," Department of Economics, Working Paper Series qt5zb60651, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 2002. "Procrastination on Long-Term Projects," Department of Economics, Working Paper Series qt5jv059fq, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Fabian Herweg & Daniel Müller, 2011.
"Performance of procrastinators: on the value of deadlines,"
Theory and Decision, Springer, vol. 70(3), pages 329-366, March.
- Herweg, Fabian & Müller, Daniel, 2008. "Performance of Procrastinators: On the Value of Deadlines," Bonn Econ Discussion Papers 3/2008, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Herweg, Fabian & Müller, Daniel, 2011. "Performance of procrastinators: On the value of deadlines," Munich Reprints in Economics 19454, University of Munich, Department of Economics.
- Ted O’Donoghue & Matthew Rabin, 2006. "Incentives and Self Control," Levine's Bibliography 122247000000001262, UCLA Department of Economics.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Chen, Shumin & Luo, Dan & Yao, Haixiang, 2024. "Optimal investor life cycle decisions with time-inconsistent preferences," Journal of Banking & Finance, Elsevier, vol. 161(C).
- Drouhin, Nicolas, 2020.
"Non-stationary additive utility and time consistency,"
Journal of Mathematical Economics, Elsevier, vol. 86(C), pages 1-14.
- Nicolas Drouhin, 2019. "Non stationary additive utility and time consistency," Working Papers halshs-01238584, HAL.
- Nicolas Drouhin, 2020. "Non-stationary additive utility and time consistency," Post-Print halshs-02363089, HAL.
- Ted O'Donoghue & Matthew Rabin, 2001.
"Risky Behavior among Youths: Some Issues from Behavioral Economics,"
NBER Chapters, in: Risky Behavior among Youths: An Economic Analysis, pages 29-68,
National Bureau of Economic Research, Inc.
- Ted O'Donoghue and Matthew Rabin., 2000. "Risky Behavior Among Youths: Some Issues from Behavioral Economics," Economics Working Papers E00-285, University of California at Berkeley.
- O'Donoghue, Ted & Rabin, Matthew, 2000. "Risky Behavior Among Youths: Some Issues from Behavioral Economics," Department of Economics, Working Paper Series qt5sf0z5rs, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Giovanni Mastrobuoni & Matthew Weinberg, 2009.
"Heterogeneity in Intra-monthly Consumption Patterns, Self-Control, and Savings at Retirement,"
American Economic Journal: Economic Policy, American Economic Association, vol. 1(2), pages 163-189, August.
- Giovanni Mastrobuoni & Matthew Weinberg, 2007. "Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement," Carlo Alberto Notebooks 36, Collegio Carlo Alberto.
- Giovanni Mastrobuoni & Matthew Weinberg, 2007. "Heterogeneity in Intra-Monthly Consumption. Patterns, Self-Control, and Savings at Retirement," CeRP Working Papers 57, Center for Research on Pensions and Welfare Policies, Turin (Italy).
- Giovanni Mastrobuoni & Matthew Weinberg, 2007. "Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement," Working Papers 65, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Bart COCKX & Corinna GHIRELLI & Bruno VAN DER LINDEN, 2013.
"Monitoring Job Search Effort with Hyperbolic Time Preferences and Non-Compliance: A Welfare Analysis,"
LIDAM Discussion Papers IRES
2013006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- B. Cockx & C. Ghirelli & B. Van Der Linden, 2013. "Monitoring Job Search Effort with Hyperbolic Time Preferences and Non-Compliance: A Welfare Analysis," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 13/833, Ghent University, Faculty of Economics and Business Administration.
- Bart Cockx & Corinna Ghirelli & Bruno Van der Linden, 2013. "Monitoring Job Search Effort with Hyperbolic Time Preferences and Non-Compliance: A Welfare Analysis," CESifo Working Paper Series 4187, CESifo.
- Cockx, Bart & Ghirelli, Corinna & Van der Linden, Bruno, 2013. "Monitoring Job Search Effort with Hyperbolic Time Preferences and Non-Compliance: A Welfare Analysis," IZA Discussion Papers 7266, Institute of Labor Economics (IZA).
- B. Douglas Bernheim & Antonio Rangel, 2005.
"Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers,"
NBER Working Papers
11518, National Bureau of Economic Research, Inc.
- B. Douglas Bernheim & Antonio Rangel, 2005. "Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers," Discussion Papers 04-033, Stanford Institute for Economic Policy Research.
- Méder, Zsombor Z. & Flesch, János & Peeters, Ronald, 2017.
"Naiveté and sophistication in dynamic inconsistency,"
Mathematical Social Sciences, Elsevier, vol. 87(C), pages 40-54.
- Méder, Z.Z. & Flesch, J. & Peeters, R.J.A.P., 2014. "Naiveté and sophistication in dynamic inconsistency," Research Memorandum 005, Maastricht University, Graduate School of Business and Economics (GSBE).
- Börsch-Supan, A. & Härtl, K. & Leite, D.N., 2016.
"Social Security and Public Insurance,"
Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 781-863,
Elsevier.
- Börsch-Supan, Axel & Härtl, Klaus & Leite, Duarte Nuno, 2016. "Social security and public insurance," MEA discussion paper series 201604, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Kang, Jingoo & Kang, Minwook, 2022. "Durable goods as commitment devices under quasi-hyperbolic discounting," Journal of Mathematical Economics, Elsevier, vol. 99(C).
- Kan, Kamhon, 2007.
"Cigarette smoking and self-control,"
Journal of Health Economics, Elsevier, vol. 26(1), pages 61-81, January.
- Kamhon Kan, 2006. "Cigarette smoking and self-control," IEAS Working Paper : academic research 06-A004, Institute of Economics, Academia Sinica, Taipei, Taiwan.
- Groneck, Max & Ludwig, Alexander & Zimper, Alexander, 2016.
"A life-cycle model with ambiguous survival beliefs,"
Journal of Economic Theory, Elsevier, vol. 162(C), pages 137-180.
- Max Groneck & Ludwig, Alexander & Alexander Zimper, 2013. "A Life-Cycle Model with Ambiguous Survival Beliefs," MEA discussion paper series 201305, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.
- Alexander Ludwig & Alexander Zimper & Max Groneck, 2014. "A Life-Cycle Model with Ambiguous Survival Beliefs," Working Papers 473, Economic Research Southern Africa.
- Max Groneck & Alexander Ludwig & Alexander Zimper, 2013. "A Life-Cycle Model with Ambiguous Survival Beliefs," Working Paper Series in Economics 63, University of Cologne, Department of Economics, revised 22 Nov 2013.
- Max Groneck & Alexander Ludwig, 2014. "A Life-Cycle Model with Ambiguous Survival Beliefs," Working Papers 201465, University of Pretoria, Department of Economics.
- Groneck, Max & Ludwig, Alexander & Zimper, Alexander, 2015. "A life-cycle model with ambiguous survival beliefs," SAFE Working Paper Series 73, Leibniz Institute for Financial Research SAFE, revised 2015.
- Shapiro, Jesse M., 2005.
"Is there a daily discount rate? Evidence from the food stamp nutrition cycle,"
Journal of Public Economics, Elsevier, vol. 89(2-3), pages 303-325, February.
- Jesse M. Shapiro, 2003. "Is there a Daily Discount Rate? Evidence from the Food Stamp Nutrition Cycle," Microeconomics 0304005, University Library of Munich, Germany, revised 04 Sep 2003.
- Strulik, Holger & Werner, Katharina, 2023.
"Renewable resource use with imperfect self-control,"
Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 778-795.
- Werner, Katharina & Strulik, Holger, 2020. "Renewable Resource Use with Imperfect Self-Control," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224628, Verein für Socialpolitik / German Economic Association.
- Strulik, Holger & Werner, Katharina, 2020. "Renewable resource use with imperfect self-control," University of Göttingen Working Papers in Economics 408, University of Goettingen, Department of Economics.
- M. Daniele Paserman, 2008.
"Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation,"
Economic Journal, Royal Economic Society, vol. 118(531), pages 1418-1452, August.
- M. Daniele Paserman, 2008. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," Economic Journal, Royal Economic Society, vol. 118(531), pages 1418-1452, August.
- Paserman, Daniele, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," CEPR Discussion Papers 4396, C.E.P.R. Discussion Papers.
- M. Daniele Paserman, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," 2004 Meeting Papers 99, Society for Economic Dynamics.
- Paserman, M. Daniele, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," IZA Discussion Papers 997, Institute of Labor Economics (IZA).
- Michelle Baddeley, 2019. "Behavioural Macroeconomic Policy: New perspectives on time inconsistency," Papers 1907.07858, arXiv.org.
More about this item
Keywords
Behavioral Economics; Intertemporal choice; Hyperbolic Discounting; Dynamic Inconsistency; Precommitment;All these keywords.
JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2008-09-20 (Central Banking)
- NEP-DCM-2008-09-20 (Discrete Choice Models)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rtv:ceisrp:129. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Barbara Piazzi (email available below). General contact details of provider: https://edirc.repec.org/data/csrotit.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.