Time-inconsistent stopping, myopic adjustment and equilibrium stability: with a mean-variance application
Sören Christensen, Kristoffer Lindensjö · Banach Center Publications · 2020
For a discrete time Markov chain and in line with Strotz’ consistent planning we develop a framework for problems of optimal stopping that are time-inconsistent due to the consideration of a non-linear function of an expected reward. We consider pure and