Self-control, revealed preference and consumption choice
نویسندگان
چکیده
منابع مشابه
Self-control, revealed preference and consumption choice
We provide a time-consistent model that addresses the preference reversals that motivate the time-inconsistency literature. The model subsumes the behavior generated by the time-inconsistency approach in finite settings but, unlike the time-inconsistent models, allows for self-control. This paper provides a brief summary of theoretical results shown elsewhere [Gul and Pesendorfer, Econometrica ...
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With complete information, choice of one option over another conveys preference. Yet when search is incomplete, this is not necessarily the case. It may instead reflect unawareness that a superior alternative was available. To separate these phenomena, we consider nonstandard data on the evolution of provisional choices with contemplation time. We characterize precisely when the resulting data ...
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ژورنال
عنوان ژورنال: Review of Economic Dynamics
سال: 2004
ISSN: 1094-2025
DOI: 10.1016/j.red.2003.11.002