Showing 1 - 10 of 15,906
This paper has a dual purpose. First, I present a new modeling of partial naivete, and apply this to the analysis of procrastination. The decision maker is assumed to have stationary behavior and to be partially naive in the sense of perceiving that his current preferences may persist in the...
Persistent link: https://www.econbiz.de/10005652351
We investigate the role that self-control problems modeled as time-inconsistent, present-biased preferences and a person's awareness of those problems might play in leading people to develop and maintain harmful addictions. Present-biased preferences create a tendency to over-consume addictive...
Persistent link: https://www.econbiz.de/10005062365
Recent models of procrastination due to self-control problems assume that a procrastinator considers just one option and is unaware of her self-control problems. We develop a model where a person chooses from a menu of options and is partially aware of her self-control problems. This menu model...
Persistent link: https://www.econbiz.de/10005561790
The choice between performing a task today or procrastinating it until tomorrow or later is the building block of any economic action. In our paper we aim to enrich the theoretical literature on procrastination by outlining conditions for bad and good procrastination and looking at the special...
Persistent link: https://www.econbiz.de/10010755774
I examine the circumstances under which a sophisticated time-inconsistent decisionmaker (i) will not or (ii) need not severely miscoordinate her behavior across time, in the sense of following a course of action which fails to be Pareto-optimal for the sequence of temporal selves of the...
Persistent link: https://www.econbiz.de/10011170355
We consider a supply channel composed of one manufacturer and two symmetric retailers. Three cases are studied. The non-cooperation case is a leader-follower relationship. The manufacturer determines his spending in national advertising and the wholesale price. Then, retailers determine...
Persistent link: https://www.econbiz.de/10010640666
This is Part II of a study of the axiomatic and its recent applications to game theory and resource allocation. Part I is a user's guide. Part II discusses alternatives to the axiomatic method and answers criticisms often addressed at the axiomatic method.
Persistent link: https://www.econbiz.de/10005504039
This paper analyzes the self-identification process and its role in motivation. We build a model of self-confidence where people have imperfect knowledge about their ability, which in most tasks is a complement to effort in determining performance. High self-confidence thus enhances motivation,...
Persistent link: https://www.econbiz.de/10005776839
intertemporal decisions. The theory has applications in areas as diverse as labour supply, savings and investment, or education and …
Persistent link: https://www.econbiz.de/10005136755
This Paper studies the internal commitment mechanisms or ‘personal rules’ (diets, exercise regimens, resolutions, moral or religious precepts, etc.) through which people seek to achieve self-control. Our theory is based on the idea of self-reputation over one’s willpower, which potentially...
Persistent link: https://www.econbiz.de/10005136762