Chapter The Price of Uncertainty in Present-Biased Planning

Chapter The Price of Uncertainty in Present-Biased Planning

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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...

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Bibliographic Details
Main Author: Albers, Susanne (auth)
Other Authors: Kraft, Dennis (auth)
Format: Electronic Book Chapter
Language:English
Published: Springer Nature 2017
Subjects:
Computing & information technology
behavioral economics
incentive design
heterogeneous agents
approximation algorithms
variable present bias
penalty fees
Alice and Bob
Decision problem
Graph theory
Graphical model
NP (complexity)
Time complexity
Upper and lower bounds
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