A general time-inconsistent optimal control problem is considered for stochastic differential
equations with deterministic coefficients. Under suitable conditions, a Hamilton-Jacobi …

Linear-quadratic optimal control problems are considered for mean-field stochastic
differential equations with deterministic coefficients. Time-inconsistency feature of the …

A time-inconsistent optimal control problem is formulated and studied for a controlled linear
ordinary differential equation with quadratic cost functional. A notion of equilibrium control is …

Classical stochastic optimal control problems are time-consistent, by which it means that an
optimal control selected at a given initial pair remains optimal thereafter, along the optimal …

A general deterministic time-inconsistent optimal control problem is formulated for ordinary
differential equations. To find a time-consistent equilibrium value function and the …

This paper argues that observations of non-stationary choice behavior need not necessarily
imply specific properties of the individual's discount function. As we show, the observed …

This paper extends the standard continuous-time buffer-stock savings model with borrowing
constraints by introducing time-inconsistent agent preferences. Interestingly, it predicts that …

A general setup is considered where quasi-hyperbolic discounting agents differ in assuming
heterogeneous bias for the present as well as heterogeneous discounting parameters …

This paper adopts the Gul and Pensendorfer self-control utility model to analyze an agent's
option exercise decision under uncertainty over an infinite horizon. The agent decides …

Experimental and behavioral economics are well-established branches of economic
science. This essay presents and discusses some results and behavioral regularities from …