Time-Inconsistent Problems
نویسندگان
چکیده
منابع مشابه
A General Theory of Markovian Time Inconsistent Stochastic Control Problems
We develop a theory for stochastic control problems which, in various ways, are time inconsistent in the sense that they do not admit a Bellman optimality principle. We attach these problems by viewing them within a game theoretic framework, and we look for Nash subgame perfect equilibrium points. For a general controlled Markov process and a fairly general objective functional we derive an ext...
متن کاملTime-consistent Individuals, Time-inconsistent Households
I present a model of consumption and savings for multi-person households in which members are imperfectly altruistic and share wealth. I show that, despite having standard exponential time preferences, the household is time-inconsistent: members save too little and overspend on private consumption goods. Access to private illiquid durable goods can exacerbate overconsumption by providing a way ...
متن کاملHard-constrained inconsistent signal feasibility problems
We consider the problem of synthesizing feasible signals in a Hilbert space in the presence of inconsistent convex constraints, some of which must imperatively be satisfied. This problem is formalized as that of minimizing a convex objective measuring the amount of violation of the soft constraints over the intersection of the sets associated with the hard ones. The resulting convex optimizatio...
متن کاملSettling the open problems in Kleinberg-Oren time-inconsistent planning models
This article shows an extended work of [Kleinberg and Oren 2014]. It gives more properties of the graph time-inconsistency model raised in [Kleinberg and Oren 2014] by solving three open problems proposed in [Kleinberg and Oren 2014]. Generally speaking, it gives a tight upper bound for the ratio of actual cost due to time-inconsistency to minimum theoretic cost, and shows the hardness of motiv...
متن کاملA Computational issues in time-inconsistent planning
Time-inconsistency refers to a paradox in decision making where agents exhibit inconsistent behaviors over time. Examples are procrastination where agents tends to postpone easy tasks, and abandonments where agents start a plan and quit in the middle. These behaviors are undesirable in that agents make clearly suboptimal decisions over optimal ones. To capture such behaviors and more importantl...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Notices of the American Mathematical Society
سال: 2021
ISSN: 0002-9920,1088-9477
DOI: 10.1090/noti2242