The 'no later regret' condition is effectively a rational-expectations requirement: an exchange is only euvoluntary if the actor is so fully informed that they will not regret it later, which is undermined by addiction, time-inconsistency, or the difficulty of predicting one's future preferences.

definitionpending

Speaker

Mike Munger

Evidence Quote

it's a rational expectations condition so it's voluntary in the sense that I'm really really informed

Source

Mike Munger on Exchange, Exploitation and Euvoluntary Transactions 06/20/2011EconTalk
Created: 6/17/2026, 10:09:19 AM

My Notes

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