Temptation with uncertain normative preference
نویسندگان
چکیده
منابع مشابه
Temptation with uncertain normative preference
We model a decision maker who anticipates being tempted but is also uncertain about what is normatively best. Our model is an extended version of Gul and Pesendorfer’s (2001) with three time periods: in the ex ante period the agent chooses a set of menus, in the interim period she chooses a menu from this set, and in the final period she chooses from the menu. We posit axioms from the ex ante p...
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Gul and Pesendorfer [9] model the static behavior of an agent who ranks menus prior to the experience of temptation. This paper models the dynamic behavior of an agent whose ranking of menus itself is subject to temptation. The representation for the agents dynamically inconsistent choice behavior views him as possessing a dynamically consistent view of what choices he shouldmake (a normativ...
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This paper shows in an experiment that giving rates in a dictator game increase significantly if payments are offered with delay. We hypothesize that a temptation to be selfish may be at play in social preferences. We model this and demonstrate that our model is consistent with much of the existing evidence on dictator games as well. The possible relationship with other social preference theori...
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Choice may be determined both by a consideration of one’s welfare (normative preference) and by desires (temptation preference). To provide foundations for such a theory, Gul and Pesendorfer [10, 11] adopt a preference over choice problems as a primitive and hypothesize that temptation creates a preference for commitment. This paper argues that temptation may in fact create the absence of a pre...
متن کاملChoice and Normative Preference
Due to factors such as temptation, choices may not respect normative preference (the agents own, subjective view of what constitutes his welfare). Nevertheless, the evidence on preference reversals suggests a means of recovering normative preference from choice. A de nition of normative preference in terms of choices between su¢ ciently delayed alternatives is formulated and studied. Mild cond...
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2018
ISSN: 1933-6837
DOI: 10.3982/te1900