Meta-preference, endogenous preference formation and dynamic choice
构建了一个多层元偏好模型，将内生偏好形成解释为决策者当前自我对后继自我福利的主观判断结果，并给出了递归效用表示，应用于时间偏好和品味的投资问题。
In a dynamic environment, this paper builds a model of layers of meta-preferences which explains endogenous preference formation as a consequence of subjective judgment by the decision maker’s current self about welfare of her successor self. The model allows us to describe how much the decision maker is willing to pay for investment in her preference formation. The paper provides a recursive utility representation of the layers of meta-preferences and applies it to the problems of investment in time preference and taste.