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 Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2009-060.
Date of creation: 06 Aug 2009
Date of revision:
Multiple Selves; Agency; Intrapersonal Conflict; Resolutions; Self-Binding; Self-Control; Commitment;
Other versions of this item:
- 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-2009-08-08 (All new papers)
- NEP-CBE-2009-08-08 (Cognitive & Behavioural Economics)
- NEP-GTH-2009-08-08 (Game Theory)
- NEP-HPE-2009-08-08 (History & Philosophy of Economics)
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