Epstein, Larry G.; Kopylov, Igor - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 3, pp. 232-259
Individuals often lose confidence in their prospects as they approach the `moment of truth.' An axiomatic model of such individuals is provided. The model adapts and extends (by relaxing the Independence axiom) Gul and Pesendorfer's model of temptation and self-control to capture an individual...