Showing 1 - 10 of 2,711
This paper models an agent in an infinite horizon setting who does not update according to Bayes' Rule, and who is self-aware and anticipates her updating behavior when formulating plans. Choice-theoretic axiomatic foundations are provided. Then the model is specialized axiomatically to capture...
Persistent link: https://www.econbiz.de/10005808122
People like to feel good about past decisions. This paper models self- justification of past decisions. The model is axiomatic: axioms are defined on preference over ex ante actions (modeled formally by menus) The representation of preference admits the interpretation that the agent adjusts...
Persistent link: https://www.econbiz.de/10005808166
there is a loss from taxation, government intervention is needed only if the level of temptation is sufficiently high. For … high levels of temptation, free compulsory education or vouchers are optimal, whereas price subsidies may be optimal for … intermediate levels of temptation. …
Persistent link: https://www.econbiz.de/10009141818
-consistent behavioral model. We adapt the model of temptation and self-control of Gul and Pesendorfer (2001, 2004) to the context of the … purchase of energy-using durable goods. Our results suggest that (i) temptation or self-control might be a contributing factor … consumer choice that stem from temptation, and (iii) in the presence of temptation, a policy that combines standards with a …
Persistent link: https://www.econbiz.de/10009386809
temptation and self-control to capture an individual who changes her beliefs so as to become more pessimistic as payoff time …
Persistent link: https://www.econbiz.de/10008833206
This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for … increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem …
Persistent link: https://www.econbiz.de/10008595766
temptation and self-control to capture an individual who changes her beliefs so as to become more pessimistic as payoff time …
Persistent link: https://www.econbiz.de/10011599389
This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for … increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem …
Persistent link: https://www.econbiz.de/10011599426
Temptation and self-control in intertemporal choice environments are receiving increasing attention in the theoretical … temptation must be repeatedly resisted. This paper fills that gap by reporting data from a novel laboratory study of economic … under temptation. Our data are broadly consistent with theory, with the notable exception that commitment often occurs with …
Persistent link: https://www.econbiz.de/10010270250
We propose a theory studying temptation in presence of both externally and internally sanctioned prohibitions. Moral … punishments increase temptation and demand for morality, so that external and internal sanctions are complements. The model helps …
Persistent link: https://www.econbiz.de/10010272452