INTERTEMPORAL CONSUMPTION WITH ANTICIPATING, REMEMBERING, AND EXPERIENCING SELVES
构建了一个包含预期、记忆和体验效用的跨期消费模型，利用西班牙家庭季度消费数据，发现预期效用对解释消费模式很重要，且时间不一致性并非必要。
Abstract We study intertemporal choice through a novel and flexible framework that accounts for savoring of future consumption and memories of past consumption. The model uses standard intertemporal budget constraints but enriches preference structures with utility from anticipation, remembering, and experience. We also present an internal commitment mechanism that ensures dynamic consistency. We provide a revealed preference characterization of this model and apply it to quarterly consumption data from Spanish households. Utility from anticipation is important—and time inconsistency not strictly needed—to rationalize consumption patterns in the data.