Self-rewards and personal motivation
نویسندگان
چکیده
Self-administered rewards are ubiquitous. They serve as incentives for personal accomplishments and are widely recommended to increase personal motivation. We show that in a model with time-inconsistent and reference-dependent preferences, self-rewards can be a credible and effective tool to overcome self-control problems. We also discuss the different types of self-rewards the individual can use, such as vice goods and virtue goods, and analyze which types of goods the individual prefers. & 2014 Elsevier B.V. All rights reserved. “Self-gifts can act as self-contracts in which the reciprocity for the gift is also personal effort and achievement.” (Mick and DeMoss, 1990, p. 326)
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