Abstract
A possible solution to the absent minded driver problem is that the decision maker optimizes taking into account the utility he will actually have in the future, and not the utility level he should have.
Original language | English |
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Pages (from-to) | 1-3 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 67 |
Issue number | 1 |
DOIs | |
State | Published - Apr 2000 |
Externally published | Yes |
Keywords
- C7
- D0
- Imperfect recall
- Recursive utility