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Naive, resolute or sophisticated? A study of dynamic decision making
[chapter]
2018
Experiments in Economics
Dynamically inconsistent decision makers have to decide, implicitly or explicitly, what to do about their dynamic inconsistency. Economic theorists have identified three possible responses-to act naively (thus ignoring the dynamic inconsistency), to act resolutely (not letting their inconsistency affect their behaviour) or to act sophisticatedly (hence taking into account their inconsistency). We use data from a unique experiment (which observes both decisions and evaluations) in order to
doi:10.1142/9789813235816_0011
fatcat:cbrqlllqingkdeexpsroa43y4i