Hirt-Schierbaum, Linda; Ivets, Maryna - 2021
In this paper we develop a theoretical model concerning self-control, motivation and commitment. The model, based on … Gul and Pesendorfer (2001), studies a two-period decision problem of an agent who faces a given menu and might experience …, inferior and has to exercise self-control to resist temptation. A random, time-variant degree of motivation is introduced to …