Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/247189 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
Working Paper No. 920
Publisher: 
Queen Mary University of London, School of Economics and Finance, London
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.
Subjects: 
intergenerational choice
intertemporal choice
dynamic consistency
JEL: 
D01
D60
D64
Document Type: 
Working Paper

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