Advanced search
Publication Cover
Applied Economics Letters Volume 27, 2020 - Issue 5
Submit an article Journal homepage
338
Views
4
CrossRef citations to date
0
Altmetric
Articles

Time-inconsistent preferences, consumption, investment and life insurance decisions

Shou ChenBusiness School of Hunan University, Changsha, Hunan, P.R. ChinaORCID Iconhttps://orcid.org/0000-0001-7817-4033View further author information
ORCID Icon &
Guangbing LiBusiness School of Hunan University, Changsha, Hunan, P.R. ChinaCorrespondence[email protected]
ORCID Iconhttps://orcid.org/0000-0001-9925-5609View further author information
ORCID Icon
Pages 392-399 | Published online: 23 May 2019

References

  • Ainslie, G. 1992. Picoeconomics: The Strategic Interaction of Successive Motivational States within the Person. Cambridge, UK: Cambridge University Press.
  • Chen, S., Z. Li, and Y. Zeng. 2014. “Optimal Dividend Strategies with Time-Inconsistent Preferences.” Journal of Economic Dynamics & Control 46 (C): 150–172. doi:10.1016/j.jedc.2014.06.018.
  • De-Paz, A., J. Marin-Solano, J. Navas, and O. Roch. 2014. “Consumption, Investment and Life Insurance Strategies with Heterogeneous Discounting.” Insurance: Mathematics and Economics 54: 66–75.
  • Grenadier, S. R., and N. Wang. 2007. “Investment under Uncertainty and Time-Inconsistent Preferences.” Journal of Financial Economics 84 (1): 2–39. doi:10.1016/j.jfineco.2006.01.002.
  • Harris, C., and D. Laibson. 2013. “Instantaneous Gratification.” Quarterly Journal of Economics 128 (1): 205–248. doi:10.1093/qje/qjs051.
  • Laibson, D. 1997. “Golden Eggs and Hyperbolic Discounting.” The Quarterly Journal of Economics 112 (2): 443–478. doi:10.1162/003355397555253.
  • Liu, B., L. Lu, C. Mu, and J. Yang. 2016. “Time-Inconsistent Preferences, Investment and Asset Pricing.” Economics Letters 148: 48–52. doi:10.1016/j.econlet.2016.09.015.
  • Liu, B., C. Mu, and J. Yang. 2017. “Dynamic Agency and Investment Theory with Time-Inconsistent Preferences.” Finance Research Letters 20: 88–95. doi:10.1016/j.frl.2016.09.017.
  • Loewenstein, G., and D. Prelec. 1992. “Anomalies in Intertemporal Choice: Evidence and an Interpretation.” Quarterly Journal of Economics 107 (2): 573–597. doi:10.2307/2118482.
  • Milevsky, M. A. 2006. The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance. Cambridge, UK: Cambridge University Press.
  • Thaler, R. 1981. “Some Empirical Evidence on Dynamic Inconsistency.” Economics Letters 8 (3): 201–207. doi:10.1016/0165-1765(81)90067-7.
  • Zou, Z., S. Chen, and W. Lei. 2014. “Finite Horizon Consumption and Portfolio Decisions with Stochastic Hyperbolic Discounting.” Journal of Mathematical Economics 52 (5): 70–80. doi:10.1016/j.jmateco.2014.03.002.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Supercharge Your Next Research Paper: Research and write your next paper with Jenni AI.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.