Precommitment: A Way around Temptation

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Precommitment: A Way around Temptation

Impulsivity means we want things that make us feel good now, and we want to postpone things that take effort. This means that what we want changes— today we want to do the more difficult thing tomorrow, but tomorrow, we will want to take the easy option and will no longer want to do the thing that takes effort. One potential solution to impulsivity is something called precommitment, where we se...

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Conflict between Two Selves: Mobile Temptation and Self-Control through Precommitment

This study investigates the effectiveness of diverse precommitment mechanisms as selfcontrol measures against mobile temptation, which refers to an uncontrollable desire and craving to consume mobile applications. These precommitment systems are made available by app blocking options that are downloadable on smartphones at user discretion to restrict access to apps. On the basis of Thaler and S...

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Does Precommitment Raise Growth ?

We develop an endogenous growth model driven by externalities from both private and public capital. The government levies distortionary taxation to finance a publicly provided consumption good and public infrastructure. Firms face adjustment costs. We compare the optimal and time-consistent policies in a linearquadratic approximation of the model. Although the time-consistent equilibrium is sub...

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Reputation with Noisy Precommitment

We investigate a game in which there is a long-run player who has private information about how long will the game last, who must precommit to an action, and who faces a sequence of short-run players who get a noisy signal of that action. We might expect such a long-lived long-run player to behave as a Stackelberg leader since most short-run players will eventually learn the true action. Howeve...

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Temptation 1

This survey discusses decision–theoretic models of agents who seek to constrain and regulate their own future behavior. The common theme is that the decision makers’ future utility is affected by unwanted temptations. The wish to eliminate temptations from future option sets creates a preference for commitment. The surveyed models explore the relationship between temptations and other psycholog...

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ژورنال

عنوان ژورنال: Frontiers for Young Minds

سال: 2017

ISSN: 2296-6846

DOI: 10.3389/frym.2017.00026