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symmetry if the latter is generated by a field. Moreover, solving the PDEs yields the functional form for utility equivalent to …, multivariate separability, and homogeneity, including the cases of Cobb-Douglas and CES utility. …
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The analysis in Galperti and Strulovici (2017) relies on two axioms that appear normatively and descriptively very appealing. Notably, these two axioms, taken together with some standard axioms, imply a failure of dynamic consistency. The current comment argues that the two axioms are less...
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that the utility cost of temptation is one-quarter of the utility benefit of consumption. Further, we show that allowing for …
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