Time-consistent optimal stopping

This paper investigates time-consistent vNM preferences under uncertainty where the strategies are stopping times, and sooner is preferred to later. I show that in addition to Strotzʹs [Strotz, R., 1956. Myopia and Inconsistency in Dynamic Utility Maximization, Review of Economic Studies, 23, 165–180] exponential discounting class, negative affine discounting also yields time-consistent behavior.