We propose a broadly applicable empirical approach to classify individuals as timeconsistent versus na¨ıve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...

This paper quantifies the marginal willingness to pay for a reduction of automobile traffic. By using a new structural approach in a hedonic framework by Bishop and Timmins 2019 we are able to avoid common issues in hedonic studies using instrumental variables. Our analysis is based on data from...

This paper studies self-control in a nationally representative sample. Using the wellestablished Tangney scale to measure trait self-control, we find that people's age as well as the political and economic institutions they are exposed to have an economically meaningful impact on their level of...

This paper reviews several traditions in economic research on preferences as well as research on personality traits in personality psychology and lists challenges in both fields. We discuss challenges regarding the measurement of preferences and personality traits, challenges regarding the...

This paper explores the individual and joint predictive power of concepts from economics, psychology, and criminology for individual norm enforcement behavior. More specifically, we consider economic preferences (patience and attitudes towards risk), personality traits from psychology (Big Five...

We examine the relationship between trait self-control and body weight. Data from a population representative household survey reveal that limited self-control is strongly associated with both objective and subjective measures of unhealthy body weight. Those with limited self-control are...

This paper demonstrates that structural factors can shape people's self-control. We study the determinants of adult self-control using population-representative data and exploiting two sources of quasi-experimental variation|Germany's division and compulsory schooling reforms. We find that...

In this paper, we examine which dimensions of cognitive ability are most predictive of key financial outcomes and what pathways could account for the observed relationships. We begin by proposing a conceptual framework that accounts for several plausible "channels" through which dif- ferences in...

We investigate how third-party punishers and potential violators decide under evidentiary uncertainty in a take game. In line with the legal requirement and in contrast to economic models, neither the sanction nor the harm level affects the punishment probability, but the quality of evidence...