Time inconsistency, sophistication, and commitment: An experimental study
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DOI: 10.1016/j.econlet.2021.109982
Abstract: We experimentally study the relationship between time inconsistency, sophistication about time inconsistency, and self-commitment. Previous research has interpreted demand for commitment devices as evidence for the sophistication of a time-inconsistent decision-maker. In our laboratory experiment,… read more here.
Keywords: time; time inconsistency; commitment; sophistication ... See more keywords