KaydedilenlerDerginizi ekleyin

Dergiler / Bogazici Journal: Review of Social, Economic and Administrative Studies / 2018 / Cilt: 32 - Sayı: 1

An Extended Survey of Time-Inconsistency and Its Applications

Zamansal Tutarsızlık ve Uygulamaları Üzerine Geniş Bir İnceleme

Murat YILMAZ
Sayfa
55–73
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

We also provide possible research directions which have not been fully explored yet in the literature

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:In this study, we provide an extended literature review on preferences with present bias, more specifically with quasi-hyperbolic discounting which leads to time-inconsistent behavior.
📊
Temel Bulgular & Veri:We review current studies that focus on the implications of time-inconsistent preferences on various well-known economic models and environments, including both models of individual decision making and models that have strategic interactions.
💡
Sonuç & Katkı:We also provide possible research directions which have not been fully explored yet in the literature
🔬Tür:Literatür & Derleme Çalışması
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Alan Parametreleri

Özet

In this study, we provide an extended literature review on preferences with present bias, more specifically with quasi-hyperbolic discounting which leads to time-inconsistent behavior. We review current studies that focus on the implications of time-inconsistent preferences on various well-known economic models and environments, including both models of individual decision making and models that have strategic interactions. We also discuss the part of the literature that focuses on measuring the discounting, whether it is exponential or hyperbolic. We also provide possible research directions which have not been fully explored yet in the literature

Abstract

Bu çalışmada, mevcut kazançlara daha fazla önem atayan tercihlere dair geniş bir literatür taraması yapıyor ve özellikle zamansal tutarsızlık yaratan yarı-hiperbolik is- konto fonksiyonu üzerine yoğunlaşıyoruz. Zamansal tutarsızlık içeren tercihler ve bu tercihlerin bir takım ekonomik modellerdeki sonuçlarına odaklanan güncel çalışmaları tartışıyoruz. Hem bireysel karar vericilere dair modellere, hem de stratejik etkileşimin mevcut olduğu modellere odaklanıyoruz. Literatürde eksponensiyel veya hiperbolik olan zamansal tercihleri ölçme üzerine yapılmış çalışmaları inceliyoruz. Ayrıca, henüz tam olarak araştırılmamış bir takım açık araştırma sorularını da tartışıyoruz.

🔖

Bu Makaleye Atıf Yap

YILMAZ, M. (2018). An Extended Survey of Time-Inconsistency and Its Applications. Bogazici Journal: Review of Social, Economic and Administrative Studies, Cilt: 32 - Sayı: 1, 55–73. https://ajindex.com/articles/352205

📄 Tam Metin PDF Okuyucu

📄

PDF görüntüleyici hazırlanıyor...

Kaynakça (14)

  1. Akın, Z. (2007). “Time Inconsistency and Learning in Bargaining Games,” International Journal of Game Theory, 36(2): 27-299. ------, (2009). “Imperfect Information Processing in Sequential Bargaining Games with Biased Preferences,” Journal of Economic Psychology, 30(4): 642-650. ------, (2012): “Intertemporal Decision Making with Present Biased preferences,” Journal of Economic Psychology, 33(1): 30-47.
  2. Altınok, A. and Yılmaz, M. (2018). “Dynamic Voluntary Contribution to a Public Project under Time- inconsistency,” Journal of Economic Behavior & Organization, 145: 114-140.
  3. Andersen, S., Harrison, G.W., Lau, M.I., and Rutström, E.E. (2008). “Eliciting Risk and Time Preferences,” Econometrica, 76(3): 583-618.
  4. Andreoni, J., Kuhn, M.A., and Sprenger, C. (2015). “Measuring Time Preferences: A Comparison of Experimental Methods,” Journal of Economic Behavior & Organization, 116: 451-464.
  5. Andreoni, J. and Sprenger, C. (2012). “Estimating Time Preferences from Convex Budgets,” The American Economic Review, 102(7): 3333-3356.
  6. Angeletos, G.M., Laibson, D., Repetto, A., Tobacman, J., and Weinberg, S. (2001). “The hHyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation,” The Journal of Economic Perspectives, 15(3): 47-68.
  7. Attema, A.E., Bleichrodt, H., Rohde, K.I., and Wakker, P.P. (2010). “Time-tradeoff Sequences for Analyzing Discounting and Time Inconsistency,” Management Science, 56(11): 2015-2030.
  8. Augenblick, N., Niederle, M., and Sprenger, C. (2015). “Working over Time: Dynamic Inconsis- tency in Real Effort Tasks,” The Quarterly Journal of Economics, 130(3): 1067-1115.
  9. Becker, G.S. and Murphy, K.M. (1988). “A Theory of Rational Addiction,” Journal of political Economy, 96(4): 675-700.
  10. Benhabib, J., Bisin, A., and Schotter, A. (2010). “Present-bias, Quasi-hyperbolic Discounting, and Fixed Costs,” Games and Economic Behavior, 69(2): 205-223.
  11. Bisin, A., Lizzeri, A., and Yariv, l. (2015). “Government Policy with Time Inconsistent Voters,” The American Economic Review, 105(6): 1711-1737.
  12. Chabris, C.F., Laibson, D.I., and Schuldt, J.P. (2010). “Intertemporal Choice,” in Behavioural and Experimental Economics: 168–177.
  13. Springer. Chade, H., Prokopovych, P., and L. Smith, L. (2008). “Repeated games with present-biased prefer- ences,” Journal of Economic Theory, 139(1): 157-175.
  14. Cohen, J.D., Ericson, K.M., Laibson, D., and White, J.M. (2016). “Measuring Time Prefer- ences,” Discussion paper, National Bureau of Economic Research. Dasgupta, P. and