منابع مشابه
Willpower and Personal Rules
Much of the literature on time inconsistency has studied the external commitment devices that individuals use to address their self-control problems: tying oneself to the mast, staying away from temptation, holding illiquid assets, or “asking for controls” from others. This paper, by contrast, focuses on internal commitment mechanisms or “personal rules” (diets, exercise regimens, resolutions, ...
متن کاملRevealed Willpower
In this paper we are interested in the behavior of individuals who have imperfect control over their immediate urges. Willpower as cognitive resource model has been proposed by experimental psychologists and has also been used by economists to explain various behavioral paradoxes. This paper complements this literature by providing a foundation for the choice behavior that can be represented by...
متن کاملWillpower Depletion and Framing Effects
Willpower Depletion and Framing Effects by Thomas de Haan and Roel van Veldhuizen* We investigate whether depleting people’s cognitive resources (or ‘willpower’) affects the degree to which they are susceptible to framing effects. Recent research in social psychology and economics has suggested that willpower is a resource that can be temporarily depleted and that a depleted level of willpower ...
متن کاملHappiness When Temptation Overwhelms Willpower
The economics of happiness is applied to further the understanding of important consumption decisions in which limited willpower is often argued to lead to suboptimal choices. Based on individuals’ judgments of the quality of their lives, it is, in principle, possible to derive whether some observed behavior is suboptimal and is therefore reducing a person’s welfare. We discuss the key characte...
متن کاملTechnical Appendix for “ Willpower and Personal Rules ”
Pooling: q1 = 1. Then ρ2 = ρ1, while ρ − 2 can be any ρ 0 ≤ ρ. Optimality in (3) then requires ρ1 ≥ ρ∗2 > ρ0, otherwise the right-hand side would be zero. Let therefore ρ1 > ρ∗2 (leaving aside the measure-zero case where ρ1 = ρ ∗ 2). Given that c/βL < C(λ), this is indeed an equilibrium. Semi-separation: q1 ∈ (0, 1). This implies ρ2 ∈ (ρ1, 1) and ρ2 = 0. Furthermore, (3) must now hold with equa...
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ژورنال
عنوان ژورنال: Theoretical Economics
سال: 2020
ISSN: 1933-6837
DOI: 10.3982/te3086