On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty
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Publication:1757573
DOI10.1016/j.jet.2018.04.003zbMath1419.91487OpenAlexW2562881450WikidataQ130020769 ScholiaQ130020769MaRDI QIDQ1757573
Łukasz Balbus, Łukasz Woźny, Kevin L. Reffett
Publication date: 15 January 2019
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://kolegia.sgh.waw.pl/pl/KAE/Documents/WorkingPapersKAE/WPKAE_2016_020.pdf
Dynamic programming (90C39) Economic growth models (91B62) Stochastic games, stochastic differential games (91A15)
Related Items (6)
Necessity of the terminal condition in the infinite horizon dynamic optimization problems with unbounded payoff ⋮ Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting ⋮ Investment-consumption-insurance optimisation problem with multiple habit formation and non-exponential discounting ⋮ Markov decision processes with quasi-hyperbolic discounting ⋮ Portfolio choice with skewness preference and wealth-dependent risk aversion ⋮ On Markovian collective choice with heterogeneous quasi-hyperbolic discounting
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