Dissertation Sur Le Film Truman Show

decisions. The individual is supposed to be permanently subject to consumption “cues” that suggest him a myopic preference for immediate consumption that he cannot anticipate. Therefore he constantly experiments overconsumption compared to his plans. We show that the existence of an illiquid asset enables this individual to constrain his future consumptions and to avoid a critical insufficiency of savings when retiring. Keywords: decision making, utility (political economics), discount, personal finance