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Increasing Workload in a Stochastic Environment

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Weinschenk,  Philipp
Max Planck Institute for Research on Collective Goods, Max Planck Society;

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Citation

Weinschenk, P. (2010). Increasing Workload in a Stochastic Environment.


Cite as: http://hdl.handle.net/11858/00-001M-0000-0028-6FD6-7
Abstract
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.