| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28961 |
| 来源ID | Working Paper 28961 |
| Dynamic Preference \u201cReversals\u201d and Time Inconsistency | |
| Philipp Strack; Dmitry Taubinsky | |
| 发表日期 | 2021-06-28 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Time inconsistency leads people to revise earlier plans, which has motivated empirical designs attempting to document such choice revisions. We study identification of time inconsistency in designs where an agent’s preferences are elicited in advance at time 0, and then again later at time 1, after they might have received additional decision-relevant information. We show that for single-peaked preferences, the only data that rejects time-consistent expected utility maximization is when an agent’s time-1 ranking between a pair of alternatives is the reverse of their time-0 ranking with probability one. We establish variations of this result under a variety of other assumptions. However, such patterns of choice are rarely observed in practice. To facilitate more robust identification, we present results about special conditions under which the degree of time inconsistency can be estimated. |
| 主题 | Econometrics ; Experimental Design ; Microeconomics ; Behavioral Economics |
| URL | https://www.nber.org/papers/w28961 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/586635 |
| 推荐引用方式 GB/T 7714 | Philipp Strack,Dmitry Taubinsky. Dynamic Preference \u201cReversals\u201d and Time Inconsistency. 2021. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28961.pdf（446KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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