A game-theoretic framework for time-inconsistent stopping problems where the time-
inconsistency is due to the consideration of a non-linear function of an expected reward is …

For a discrete time Markov chain and in line with Strotz'consistent planning we develop a
framework for problems of optimal stopping that are time-inconsistent due to the …

Prospect theory is arguably the most prominent alternative to expected utility theory. We
study the investment or gambling behavior of a prospect theory decision maker who is …

We study dynamic choice under risk through the lens of salience theory. We derive
predictions on salient thinkers' gambling decisions and strategy choices. We test our model …

We consider the problem of finding the best time to stop a diffusion process for an agent with
a preference model that is a mixture of expected utility theory (EUT) and cumulative prospect …

We study a dynamic portfolio selection problem in which an agent trades a stock and a risk-
free asset with the objective of maximizing the rank-dependent utility of her wealth at the …

We study cautious stochastic choice (CSC) agents facing optimal timing decisions in a
dynamic setting. In an expected utility setting, the optimal strategy is always a threshold …

Suppose an agent with a static risk preference faces prize processes given by diffusion
processes and decides when to stop. We show that the agent satisfies dynamic consistency …

Suppose an agent with a static risk preference faces prize processes given by regular
diffusions and decides when to stop the process and consume the prize. We show that the …