Excerpt
Table of Contents
1 Introduction
2 Theory of Dynamic Inconsistency
2.1 Prerequisites
2.2 The Multi-Selves Model
2.2.1 Sophisticated Consumer
2.2.2 Naïve Consumer
2.2.3 Screening of Consumer Type
2.3 Constrained Contracting: Two-part tariffs
2.4 Partial Naïveté
2.5 Application: Gym Attendance
2.6 Political Implications and Welfare Analysis
3 Credit Card Market
3.1 Introductory Remarks
3.2 Behavioral Model of Credit Consumption
3.2.1 General Setup and Assumptions
3.2.2 Complete Information
3.2.3 Incomplete Information
3.2.3.1 Unknown
3.2.3.2 Unknown and
3.3 Welfare Analysis
3.3.1 Complete Information
3.3.2 Incomplete Information
3.4 Recent Legal and Empirical Developments
4 Retirement Savings
4.1 Introductory Remarks
4.1.1 Significance of Retirement Savings
4.1.2 The 401(k) plan
4.2 Behavioral Aspects of Retirement Savings Decisions
4.2.1 Model
4.2.2 Behavioral Phenomena
4.2.2.1 Self-control
4.2.2.2 Procrastination
4.2.3 SMarT Plan
4.2.3.1 Purpose of the plan
4.2.3.2 Main Features
4.2.3.3 Evidence
4.3 Recent Developments
5 Summary and Conclusion
References IV
- Quote paper
- Hendrik-Sebastian Schmitz (Author), 2012, Time Inconsistency and Financial Decision Making: Theory and Evidence, Munich, GRIN Verlag, https://www.grin.com/document/210842
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