Increasing Workload in a Stochastic Environment

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

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Year of publication:	2010
Authors:	Weinschenk, Philipp
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Stochastischer Prozess \| Stochastic process \| Projektmanagement \| Project management \| Theorie \| Theory

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Extent:	1 Online-Ressource (27 p)
Series:	MPI Collective Goods Preprint ; No. 2010/43
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1, 2010 erstellt
Other identifiers:	10.2139/ssrn.1705927 [DOI]
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/10013136247