Leaving Inconsistency

A comparison of intertemporal choices for oneself versus someone else based on Tsallis' statistics

Acknowledgements: The research reported in this paper was supported by a grant from the Grant-in-Aid for Scientific Research (" 21st century center of excellence " grant) from the Ministry of Education, Culture, Sports, Science and Technology of Japan. Summary Impulsivity and inconsistency in intertemporal choice (discounting) have drawn attention in econophysics and neuroeconomics. Although it...

Using Abduction to Evolve Inconsistent Requirements Specifications

Requirements specifications are often inconsistent. Inconsistencies may arise because multiple conflicting requirements are embodied in these specifications, or because the specifications themselves are in a transient stage of evolutionary development. In this paper we argue that such inconsistencies, rather than being undesirable, are actually useful drivers for changing the requirements speci...

Reputation and Optimal Contracts for Central Bankers

We implement optimal economic outcomes at the lowest social cost by combining reputation and contracting mechanisms to overcome the time-inconsistency problem of monetary policy associated with an inflation bias. We characterize the conditions under which the reputation force alone induces a central bank to behave in a socially optimal way. When these conditions fail, an incentive contract is i...

Journal of Experimental Psychology: Learning, Memory, and Cognition Gradient Phonological Inconsistency Affects Vocabulary Learning

Learners frequently experience phonologically inconsistent input, such as exposure to multiple accents. Yet, little is known about the consequences of phonological inconsistency for language learning. The current study examines vocabulary acquisition with different degrees of phonological inconsistency, ranging from no inconsistency (e.g., both talkers call a picture /vig/) to mild but detectab...

On inconsistency of a pairwise comparison matrix