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accident risk and cannot accommodate optimism (ambiguity loving) or pessimism (ambiguity aversion). This paper presents a …) with ambiguity if he is optimistic (pessimistic) and decreases (increases) with his degree of optimism (pessimism). The …
Persistent link: https://www.econbiz.de/10009466424
This paper studies how a seller should design its price schedule when consumers' preferences are subject to temptation. As in Gul and Pesendorfer (2001),consumers exercise costly self-control to some degree and foresee their impulsivebehavior and self-control. Since consumers may pay a premium...
Persistent link: https://www.econbiz.de/10009472333
Planning has pronounced effects on consumer behavior and intertemporal choice. We develop a six-item scale measuring individual differences in propensity to plan that can be adapted to different domains and used to compare planning across domains and time horizons. Adaptations tailored to...
Persistent link: https://www.econbiz.de/10009475404
In the article - "Understanding the theoretical and practical aspects of self-management" - this phenomenon is discussed in terms of its role in the self-improvement of a person. The article lists the limiting factors of self-management and ways to overcome them, sequentially names the functions...
Persistent link: https://www.econbiz.de/10014337745