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Temptation

Author

Listed:
  • Barton L. Lipman

    (Department of Economics, Boston University.)

  • Wolfgang Pesendorfer

    (Princeton University)

Abstract

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 psychological phenomena, such as self- control, self-deception, guilt or shame.

Suggested Citation

  • Barton L. Lipman & Wolfgang Pesendorfer, 2010. "Temptation," Boston University - Department of Economics - Working Papers Series WP2010-021, Boston University - Department of Economics.
    • Handle: RePEc:bos:wpaper:wp2010-021
    as

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    References listed on IDEAS

    as
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