The ‘Sophisticated’ vs. ‘Naïve’ Mindset: Which One Are You? (Dynamic Inconsistency)

Dynamic Inconsistency, Editors Pick, Game Theory

Picture someone standing in their kitchen at midnight, staring into the refrigerator. Earlier that day, they swore this would be the night they’d stick to their diet. They even threw out the ice cream. But now they’re considering whether gas […]

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