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We model self-control conflict as a stochastic struggle of an agent against a visceral influence, which impels the agent to act sub-optimally. The agent holds costly pre-commitment technology to avoid the conflict altogether and may decide whether to procure pre-commitment or to confront the...
Persistent link: https://www.econbiz.de/10009283234
driving force of this. Using the consumption-savings model proposed by Amador, Werning and Angeletos in their 2006 … Econometrica paper (henceforth AWA), in which individuals face the trade-off between flexibility and commitment, we show that … likelihood that withdrawal penalties are part of the optimal contract is decreasing in the probability of a negative liquidity …
Persistent link: https://www.econbiz.de/10010834075
the ages of 21 and 56 to check for present bias as well as self-control problems among individuals in Turkey using a quasi … different degrees of dynamic inconsistencies, i.e. present bias levels. In particular, 32.2% of low-income individuals exhibit …
Persistent link: https://www.econbiz.de/10010835787
In this paper we give a survey of recent work on game theory devoted to modeling decision making under bounded … several criteria not reducible to a single one. In the first part of the survey we consider the behavior of agents subject to …
Persistent link: https://www.econbiz.de/10010839411
sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in … Design, the effects of a remedial program in helping students with different propensity to procrastinate. We show that the …
Persistent link: https://www.econbiz.de/10010843549
of the historical evolution of the control of constitutionality, which was present in the French constitutional system … institutionalized forms of control of constitutionality are contextualized following the different periods in the history of France. …
Persistent link: https://www.econbiz.de/10010611407
level and uncertainty of future prospects affect incentives to abstain from sexual risk taking in the presence of HIV. The …, and HIV knowledge in poor countries; therefore suggesting that AIDS policy needs to be calibrated in order to fit within … different social contexts. Paper [II] empirically tests the hypothesis derived in paper [I] on young adults in Cape Town, South …
Persistent link: https://www.econbiz.de/10010611654
need for monitoring spending and budgets. We demonstrate that both cash and the debit card are perceived as helpful in this … card more useful for monitoring their household finances than cash. Individuals differ in major respects, however. In … electronic alternatives have been unable to match. This suggests that inclusion of enhanced budgeting and monitoring features in …
Persistent link: https://www.econbiz.de/10010812609
Recent developments in economic theory model intertemporal choice decisions as problems of restraining one's natural … impulse to consume today. We use interventions that have been shown in the psychology literature to affect impulse control to … examine whether this is indeed the case for laboratory elicitations of time preference. In other words, is savings behavior …
Persistent link: https://www.econbiz.de/10010752035
We examine how the introduction of self-control preferences influence the trade-off between two fundamental components of a public pension system: the contribution rate and its degree of redistribution. The pension regime affects individuals’ welfare by altering how yielding to temptation...
Persistent link: https://www.econbiz.de/10010752083