Bolton, Patrick; Faure-Grimaud, Antoine - 2021
individual decision maker%u2019s thinking process as a thought-experiment that takes time and let the decision maker %u201Cthink … ahead%u201D about future decision problems in yet unrealized states of nature. By formulating an intertemporal, state …-contingent, planning problem, which may involve costly deliberation in every state of nature, and by letting the decision-maker deliberate …