Increasing workload in a stochastic environment

Philipp Weinschenk

We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed. -- Increasing Workload ; Deadline ; Stochasticity

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Year of publication:	2010
Authors:	Weinschenk, Philipp
Publisher:	Bonn : Max Planck Inst. for Research on Collective Goods
Subject:	Projektmanagement \| Project management \| Zeitkonsistenz \| Time consistency \| Stochastischer Prozess \| Stochastic process \| Theorie \| Theory

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Extent:	Online-Ressource (PDF-Datei: 25 S., 950 KB) graph. Darst.
Series:	Preprints of the Max Planck Institute for Research on Collective Goods. - Bonn : [Verlag nicht ermittelbar], ZDB-ID 2172002-2. - Vol. 2010,43
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/57492 [Handle]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; J22 - Time Allocation and Labor Supply ; D11 - Consumer Economics: Theory
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10008738362