
Dynamic Choice (SEP)
Sometimes a series of choices do not serve one’s concerns well even though each choice in the series seems perfectly well suited to serving one’s concerns. In such cases, one has a dynamic choice problem. Otherwise put, one has a problem related to the fact that one’s choices are spread out over time. There is a growing philosophical literature, which crosses over into psychology and economics, on the obstacles to effective dynamic choice. This literature examines the challenging choice situations and problematic preference structures that can prompt dynamic choice problems. It also proposes solutions to such problems. Increasingly, familiar but potentially puzzling phenomena—including, for example, self-destructive addictive behavior and dangerous environmental destruction—have been illuminated by dynamic choice theory. This suggests that the philosophical and practical significance of dynamic choice theory is quite broad.
1. Challenging Choice Situations, Problematic Preference Structures, and Dynamic Choice Problems
Agents often lack some information about the consequences of each available option that they face in a choice situation (with the choice made under some risk or uncertainty about the outcome of that choice). But, even where such a lack of information is not at issue, effective choice over time can be extremely difficult given certain challenging choice situations or problematic preference structures, such as the ones described below. As will become apparent, these choice situations or preference structures can prompt a series of decisions that serve one’s large-scale, ongoing concerns very badly. (Of course, if, due perhaps to some substantial transformation(s), one is so fragmented over time that one has no large-scale, ongoing concerns to which one is persistently accountable, then inconsistency in one’s choices over time may be inevitable; but my primary interest here is in the philosophically puzzling cases of dynamic choice in which an agent remains accountable to certain large-scale, ongoing concerns that are nonetheless poorly served by her choices over time.)
Read the rest here: https://plato.stanford.edu/entries/dynamic-choice/

















