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The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
Persistent link: https://www.econbiz.de/10010267094
Loewenstein (1996, 2005) identifies an intrapersonal empathy gap. In the respective experiments, subjects make choices with delayed consequences. When entering the state where these consequences would unfold, they get the possibility to revise their initial choice. Revisions are more substantial...
Persistent link: https://www.econbiz.de/10010281625
Weak paternalism commits protégés to their own plans. This experiment addresses the question of whether protégés judge …
Persistent link: https://www.econbiz.de/10010281641