Chapter The Price of Uncertainty in Present-Biased Planning

The tendency to overestimate immediate utility is a common cognitive bias. As a result people behave inconsistently over time and fail to reach long-term goals. Behavioral economics tries to help affected individuals by implementing external incentives. However, designing robust incentives is oft...

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Bibliographic Details

Main Authors:	Albers, Susanne, Kraft, Dennis
Format:	Online
Language:	English
Published:	Springer Nature 2021
Subjects:	behavioral economics incentive design heterogeneous agents approximation algorithms variable present bias penalty fees Alice and Bob Decision problem Graph theory Graphical model NP (complexity) Time complexity Upper and lower bounds
Online Access:	644832
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