Increasing Workload in a Stochastic Environment
27 Pages Posted: 10 Nov 2010 Last revised: 5 Dec 2010
Date Written: November 1, 2010
We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed.
Keywords: Increasing Workload, Deadline, Stochasticity
JEL Classification: D81, D91, J22, D11
Suggested Citation: Suggested Citation