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- Time-inconsistent_preferences abstract "In economics, Time-inconsistent preferences refers to the preferences which is time-inconsistent in intertemporal choices. Decisions being made at different points in time can be inconsistent with each other depending on expected utility anomalies, thus people sometimes make time-inconsistent decisions.Consider, for example, the following question:(a)Which do you prefer, be given 500 dollars today or 505 dollars tomorrow? (b)Which do you prefer, be given 500 dollars 365 days later or 505 dollars 366 days later?When this question is asked, to be time-consistent, we must choose "505 dollars tomorrow" for question (a) and "505 dollars 366 days later" for question (b). According to George Loewenstein and Drazen Prelec, however, people are not always consistent. People tend to choose "500 dollars today" and "505 dollars 366 days later", which is different from the time-consistent answer.Stephen Hoch and George Loewenstein used the relationship of cigarette and good health to explain the concept of time-inconsistency preferences:".
- Time-inconsistent_preferences wikiPageExternalLink viewcontent.cgi?article=1091&context=sds.
- Time-inconsistent_preferences wikiPageExternalLink TimeDiscounting.pdf.
- Time-inconsistent_preferences wikiPageExternalLink TimeInconsistConSelf.pdf.
- Time-inconsistent_preferences wikiPageID "43354991".
- Time-inconsistent_preferences wikiPageLength "3187".
- Time-inconsistent_preferences wikiPageOutDegree "12".
- Time-inconsistent_preferences wikiPageRevisionID "678156891".
- Time-inconsistent_preferences wikiPageWikiLink Category:Applied_psychology.
- Time-inconsistent_preferences wikiPageWikiLink Category:Behavioral_economics.
- Time-inconsistent_preferences wikiPageWikiLink Category:Microeconomics.
- Time-inconsistent_preferences wikiPageWikiLink Category:Social_psychology.
- Time-inconsistent_preferences wikiPageWikiLink Drazen_Prelec.
- Time-inconsistent_preferences wikiPageWikiLink Dynamic_inconsistency.
- Time-inconsistent_preferences wikiPageWikiLink Expected_utility.
- Time-inconsistent_preferences wikiPageWikiLink Expected_utility_hypothesis.
- Time-inconsistent_preferences wikiPageWikiLink George_Loewenstein.
- Time-inconsistent_preferences wikiPageWikiLink Intertemporal_choice.
- Time-inconsistent_preferences wikiPageWikiLink Preference_(economics).
- Time-inconsistent_preferences wikiPageWikiLink Trade-off.
- Time-inconsistent_preferences wikiPageWikiLinkText "time-inconsistent preferences".
- Time-inconsistent_preferences hasPhotoCollection Time-inconsistent_preferences.
- Time-inconsistent_preferences wikiPageUsesTemplate Template:Quotation.
- Time-inconsistent_preferences wikiPageUsesTemplate Template:Reflist.
- Time-inconsistent_preferences subject Category:Applied_psychology.
- Time-inconsistent_preferences subject Category:Behavioral_economics.
- Time-inconsistent_preferences subject Category:Microeconomics.
- Time-inconsistent_preferences subject Category:Social_psychology.
- Time-inconsistent_preferences comment "In economics, Time-inconsistent preferences refers to the preferences which is time-inconsistent in intertemporal choices.".
- Time-inconsistent_preferences label "Time-inconsistent preferences".
- Time-inconsistent_preferences sameAs m.011c6q89.
- Time-inconsistent_preferences sameAs Q18394425.
- Time-inconsistent_preferences sameAs Q18394425.
- Time-inconsistent_preferences wasDerivedFrom Time-inconsistent_preferences?oldid=678156891.
- Time-inconsistent_preferences isPrimaryTopicOf Time-inconsistent_preferences.