Weighted discounting -- on group diversity, time-inconsistency, and consequences for investment

DOI10.1016/j.jet.2020.105089zbMath1452.91333OpenAlexW3038794135MaRDI QIDQ2211478

Yanyan Li

Publication date: 11 November 2020

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

Full work available at URL: https://doi.org/10.1016/j.jet.2020.105089

zbMATH Keywords

parameter uncertaintytime inconsistencyinvestmentdiversityhyperbolic discountingweighted discounting

Mathematics Subject Classification ID

Decision theory (91B06) Actuarial science and mathematical finance (91G99)

Related Items (12)

A time-inconsistent Dynkin game: from intra-personal to inter-personal equilibria ⋮ Who Are I: Time Inconsistency and Intrapersonal Conflict and Reconciliation ⋮ On the Time-Inconsistent Deterministic Linear-Quadratic Control ⋮ Time-consistent equilibria in dynamic models with recursive payoffs and behavioral discounting ⋮ PORTFOLIO CHOICE WITH TIME HORIZON RISK ⋮ Equilibria of time‐inconsistent stopping for one‐dimensional diffusion processes ⋮ Weak equilibria for time‐inconsistent control: With applications to investment‐withdrawal decisions ⋮ Optimal Stopping for Exponential Lévy Models with Weighted Discounting ⋮ On the Equilibrium Strategies for Time-Inconsistent Problems in Continuous Time ⋮ Failure of Smooth Pasting Principle and Nonexistence of Equilibrium Stopping Rules under Time-Inconsistency ⋮ Optimal Equilibria for Multidimensional Time-Inconsistent Stopping Problems ⋮ Short Communication: Stability of Time-Inconsistent Stopping for One-Dimensional Diffusions

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