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Choice may be determined both by a consideration of one’s welfare (normative preference) and by desires (temptation … primitive and hypothesize that temptation creates a preference for commitment. This paper argues that temptation may in fact … us to observe behavior in the absence of temptation. An alternative approach to providing foundations is introduced …
Persistent link: https://www.econbiz.de/10005136811
Temptation is the conflict between one’s desires (temptation preference) and one’s view of what choices he should make … (normative preference). In seminal work, Gul and Pesendorfer [7, 8] provide foundations for a model of temptation on the basis of … the idea that temptation creates a preference for commitment. This paper studies agents for whom temptation may in fact …
Persistent link: https://www.econbiz.de/10005136812
This paper models an agent in a three-period setting who does not update according to Bayes'Rule, and who is self-aware and anticipates her updating behavior when formulating plans. The agent is rational in the sense that her dynamic behavior is derived from a single stable preference order on a...
Persistent link: https://www.econbiz.de/10005504009
This paper analyzes an agent's option exercise decision under uncertainty. The agent decides whether and when to do an irreversible activity. He is tempted by immediate grati¯cation and su®ers from self-control problems. This paper adopts the Gul and Pensendorfer self- control utility model....
Persistent link: https://www.econbiz.de/10005443361
expected from agents who suffer from self-control problems because an agent's ability to resist temptation may well depend on …
Persistent link: https://www.econbiz.de/10005443368
temptation is commonly understood to give rise to a demand for commitment, it is shown that ‘temptation by future consumption … preference reversals supports temptation by future consumption, and suggests that it may not be restricted to short time horizons. . …
Persistent link: https://www.econbiz.de/10005443373
. While temptation is commonly understood to give rise to a demand for commitment, it is shown that `temptation by future … preference reversals supports temptation by future consumption, and suggests that it may not be restricted to short time horizons. …
Persistent link: https://www.econbiz.de/10005413267
Choice may be determined both by a consideration of one's welfare (normative preference) and by desires (temptation … as a primitive and hypothesize that temptation creates a preference for commitment. This paper argues that temptation may … it requires us to observe behavior in the absence of temptation. An alternative approach to providing foundations is …
Persistent link: https://www.econbiz.de/10005413275
Persistent link: https://www.econbiz.de/10005370916
temptation, and so mistakenly forego pre-commitment. Our analysis reveals conditions under which higher willpower - and lower …
Persistent link: https://www.econbiz.de/10010352065