Temptation and self-control

被引:543
|
作者
Gul, F
Pesendorfer, W
机构
[1] Department of Economics, Princeton University, Princeton
关键词
dynamic choice; preference for commitment; set betweenness;
D O I
10.1111/1468-0262.00252
中图分类号
F [经济];
学科分类号
02 ;
摘要
We study a two-period model where ex ante inferior choice may tempt the decisionmaker in the second period. Individuals have preferences over sets of alternatives that represent second period choices. Our axioms yield a representation that identifies the individual's commitment ranking, temptation ranking, and cost of self-control. An agent has a preference for commitment if she strictly prefers a subset of alternatives to the set itself. An agent has self-control if she resists temptation and chooses an option with higher ex ante utility. We introduce comparative measures of preference for commitment and self-control and relate them to our representations.
引用
收藏
页码:1403 / 1435
页数:33
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