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Uphill Self-Control

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  • Jawwad Noor
  • Norio Takeoka

Abstract

This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem that admits a general class of self-control cost functions. Both models maintain the Order, Continuity and Set-Betweenness axioms but violate Independence.

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Bibliographic Info

Paper provided by David K. Levine in its series Levine's Working Paper Archive with number 814577000000000351.

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Date of creation: 10 Sep 2009
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Handle: RePEc:cla:levarc:814577000000000351

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References

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  1. Eddie Dekel & Barton L. Lipman & Aldo Rustichini, 2009. "Temptation-Driven Preferences," Review of Economic Studies, Oxford University Press, vol. 76(3), pages 937-971.
  2. Jawwad Noor, 2006. "Menu-Dependent Self-Control," Boston University - Department of Economics - Working Papers Series, Boston University - Department of Economics WP2006-021, Boston University - Department of Economics.
  3. Noor, Jawwad, 2007. "Commitment and self-control," Journal of Economic Theory, Elsevier, Elsevier, vol. 135(1), pages 1-34, July.
  4. Fudenberg, Drew & Levine, David, 2006. "A Dual-Self Model of Impulse Control," Scholarly Articles 3196335, Harvard University Department of Economics.
  5. W. Pesendorfer & F. Gul, 1999. "Temptation and Self-Control," Princeton Economic Theory Papers, Economics Department, Princeton University 99f1, Economics Department, Princeton University.
  6. Klaus Nehring, 2006. "Self-Control through Second-Order Preferences," Levine's Bibliography 321307000000000391, UCLA Department of Economics.
  7. Faruk Gul & Wolfgang Pesendorfer, 2005. "A Simple Theory of Temptation and Self-Control," Levine's Bibliography 784828000000000121, UCLA Department of Economics.
  8. Faruk Gul & Wolfgang Pesendorfer, 2004. "Self-Control and the Theory of Consumption," Econometrica, Econometric Society, Econometric Society, vol. 72(1), pages 119-158, 01.
  9. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, Econometric Society, vol. 47(2), pages 263-91, March.
  10. Haluk Ergin & Todd Sarver, 2010. "A Unique Costly Contemplation Representation," Econometrica, Econometric Society, Econometric Society, vol. 78(4), pages 1285-1339, 07.
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Cited by:
  1. Riella, Gil, 2013. "Preference for Flexibility and Dynamic Consistency," Journal of Economic Theory, Elsevier, Elsevier, vol. 148(6), pages 2467-2482.
  2. Eddie Dekel & Barton L. Lipman, 2009. "How (Not) to Do Decision Theory," Levine's Working Paper Archive 814577000000000339, David K. Levine.
  3. Alexandrer Groves, 2013. "Identifying What is Tempting," 2013 Papers, Job Market Papers pgr489, Job Market Papers.
  4. Jawwad Noor, 2006. "Menu-Dependent Self-Control," Levine's Bibliography 122247000000001061, UCLA Department of Economics.
  5. Vadim Cherepanov & Tim Feddersen & Alvaro Sandroni, 2013. "Revealed preferences and aspirations in warm glow theory," Economic Theory, Springer, Springer, vol. 54(3), pages 501-535, November.

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