THE RESOLUTION GAME A Multiple Selves Perspective
AbstractThe notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding devices. It moves away from anthropocentric neoclassicism and embraces a more atomistic notion of a player by defining intrapersonal agents as strategic actors. The magnitude of state-dependency is seen as a key driver of intrapersonal conflict modelled by the incongruity of the preferences of two opposing agents. The sequential conceptualisation basically allows for experimental testing.
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Bibliographic InfoPaper provided by David K. Levine in its series Levine's Working Paper Archive with number 814577000000000254.
Date of creation: 18 Jun 2009
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Other versions of this item:
- Dimitri Migrow & Matthias Uhl, 2009. "The Resolution Game - A Multiple Selves Perspective," Jena Economic Research Papers 2009-060, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
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