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Found 1 from your keywords: author=Albers, Susanne
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Chapter The Price of Uncertainty in Present-Biased Planning
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Albers, SusanneKraft, Dennis

The tendency to overestimate immediate utility is a common cognitive bias. As a result people behave inconsistently over time and fail to reach long-term goals. Behavioral economics tries to help affected individuals by implementing external incentives. However, designing robust incentives is often difficult due to imperfect knowledge of the parameter β ∈ (0, 1] quantifying a person’s pres…

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