Empirical evidence suggests that choices are affected by the amount of time available to the decision maker. Time pressure or a cooling-off period (mandatory delay of choice) changes how choices are determined. Yet, few models are able to account for the role of available time on decisions. This...

Perfectionism can be healthy: striving for perfection requires the ability to selfregulate, namely willpower. This paper formalizes the intuitive relation between healthy perfectionism and willpower in the presence of temptation. The value of a menu of options for an individual with limited...