Multiple solutions under quasi-exponential discounting

DOI10.1007/S00199-008-0368-2zbMath1206.90208OpenAlexW2014662489MaRDI QIDQ1014330

Nicolas Vieille, Joergen W. Weibull

Publication date: 27 April 2009

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-008-0368-2

zbMATH Keywords

multiplicityuniquenessMarkov gametime-consistencydynamic decision problemhyperbolic discounting: stochastic dynamic programming

Mathematics Subject Classification ID

Decision theory (91B06) Other game-theoretic models (91A40) Markov and semi-Markov decision processes (90C40) Dynamic games (91A25)

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Cites Work

• Reconsideration-proofness: A refinement for infinite horizon time inconsistency
• Discounting and altruism to future decision-makers
• Limited Foresight May Force Cooperation
• Consistent Plans
• Golden Eggs and Hyperbolic Discounting
• Individual and Collective Time-Consistency
• Dynamic Choices of Hyperbolic Consumers
• Constrained Markov Decision Models with Weighted Discounted Rewards
• Ramsey Meets Laibson in the Neoclassical Growth Model
• Consumption-Savings Decisions with Quasi-Geometric Discounting
• On the Existence of a Consistent Course of Action when Tastes are Changing

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