Time-inconsistent problems
Zhou Zhou (University of Sydney)
Abstract: Time inconsistency refers to the phenomenon that a plan that was deemed to be optimal at some point may no longer be preferred from a future perspective, due to a change of preferences. In this talk, we will present some dynamic optimisation problems in decision making that are time-inconsistent. We will introduce a game-theoretic framework to address the time inconsistency. We will further investigate a class of time-inconsistent problems - stopping under nonexponential discounting. Finally, we will talk about mathematical challenges in the research of general time-inconsistent problems.
Mathematics
Audience: researchers in the topic
Series comments: This seminar series aims to facilitate sharing and learning about the research of our fellow staff members. Early and mid-career researchers will present a broader context of their work which should be accessible and relatable to the entire School community. Seminars will be held in-person, followed by a friendly gathering and refreshments in the SMRI common room or out on the terrace (weather permitting). Everyone is warmly invited.
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