Dynamic inconsistency and choice

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• 作者：Isabelle Brocas (1) brocas@usc.edu
• 关键词：Time ; inconsistency &#8211 ; Multiple selves &#8211 ; Preference for flexibility &#8211 ; Set ; betweenness &#8211 ; Preference reversals
• 刊名：Theory and Decision
• 出版年：2011
• 出版时间：September 2011
• 年：2011
• 卷：71
• 期：3
• 页码：343-364
• 全文大小：253.1 KB
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• 作者单位：1. Department of Economics, University of Southern California and CEPR, 3620 South Vermont Avenue, Los Angeles, 90089 USA
• 刊物类别：Business and Economics
• 刊物主题：Economics
  Economic Theory
  Game Theory and Mathematical Methods
  Game Theory, Economics, Social and Behavioral Sciences
  Methodology of the Social Sciences
  Operation Research and Decision Theory
  
• 出版者：Springer Netherlands
• ISSN：1573-7187

文摘

In this paper, we analyze an intra-personal game where a decision-maker is summarized by a succession of selves. Selves may (or may not) have conflicting interests, and earlier selves may have imperfect knowledge of the preferences of future selves. At date 1, self-1 chooses a menu, at date 2, the preferences of self-2 realize and self-2 chooses an item from the menu. We show that equilibrium choice is consistent with either a preference for flexibility, a preference for betweenness or a preference for systematic restriction. Overall, the analysis reconciles the decision–theoretic approach of choice over time with the game–theoretic multiple-selves approach.