Heidhues, Paul; K, Botond; odblac; szegi - In: Journal of the European Economic Association 7 (2009) 2-3, pp. 423-434
We investigate costly yet futile attempts at self-control when consumption of a harmful product has a binary breakdown/no-breakdown nature and individuals tend to underestimate their need for self-control. Considering time-inconsistent preferences as well as temptation disutility, we show that...