Tag: Inconsistency

Time Inconsistency: Why We Spend Today What We Should’ve Saved for Tomorrow

Why is it so easy to slip into impulsive eating when our diet has been working out so well? To splurge our money on random goodies, even though our budget was going so well? To binge-watch the entirety of Breaking Bad, even when we have an assignment due tomorrow? Why is it so hard to control these ...

Dynamic Inconsistency, Environmental Policy, and Social Welfare

In2011, I was studying for my Master in Applied Economics at the Andres Bello Catholic University in Venezuela. There I took a course in Environmental Economics to get trained in the economics of dynamic resource allocations, market failures, public goods and property rights, environmental impact as...