A Comment on Galperti and Strulovici (2017)

Asen Ivanov
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Asen Ivanov: Queen Mary University of London

No 920, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: The analysis in Galperti and Strulovici (2017) relies on two axioms that appear normatively and descriptively very appealing. Notably, these two axioms, taken together with some standard axioms, imply a failure of dynamic consistency. The current comment argues that the two axioms are less normatively and descriptively appealing than they seem. Thus, the challenge to dynamic consistency posed by Galperti and Strulovici is less convincing than it first appears

Keywords: intergenerational choice; intertemporal choice; dynamic consistency (search for similar items in EconPapers)
JEL-codes: D01 D60 D64 (search for similar items in EconPapers)
Date: 2021-01-11
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