题  目：How I Learn to Love Being Dynamically Inconsistent?

报告人：Kim-Sau Chung   教授  香港中文大学经济系

主持人：夏�君   浙江大学经济学院

时  间：2015年6月5日   星期五   15:30-17:00

地  点：浙大玉泉校区外经贸大楼418室

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ABSTRACT：Being dynamically inconsistent is mighty inconvenient. You may procrastinate, you cannot implement your favorite plan, and you have to give up flexibility in order to commit your future selves. In this paper, I explain why being dynamically inconsistent can be a blessing in an adverse-selection setting. Your future selves have tastes different from you, but are still the same person as you are. They know every private secret you know, but do not share your interest. Therefore they are your most formidable enemies, most capable of keeping you honest. With them looking over your shoulder, your claims about yourself become more convincing, and this improves your situation in an adverse-selection setting.

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                                              2015-6-2