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• W2969631570 abstract "Abstract Actions chosen today nearly always entail various consequences in the future, which creates a microeconomic problem of intertemporal choice. Preferences over future consumption plans may be inconsistent, imprecise, affected by noise or random errors. Some errors are less likely to happen than the others. A binary choice problem where one intertemporal alternative always (i.e. in every period of time) yields a better consequence than the other arguably leaves very little room for error. This paper presents a microeconomic model of discrete intertemporal choice (which is equivalent to heteroscedastic probit/logit) that rules out such unlikely errors (i.e. violations of period-wise monotonicity)." @default.
• W2969631570 created "2019-08-29" @default.
• W2969631570 creator A5070131933 @default.
• W2969631570 date "2019-11-01" @default.
• W2969631570 modified "2023-09-27" @default.
• W2969631570 title "Future plans and errors" @default.
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• W2969631570 doi "https://doi.org/10.1016/j.mathsocsci.2019.08.001" @default.
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