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Bad temptation

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  • Ravid, Doron
  • Steverson, Kai

Abstract

We study a static self-control model in which an agent’s preference, temptation ranking, and cost of self-control drive her choices among a finite set of options. We show it is without loss to assume the agent’s temptation ranking is the opposite of her preference. We characterize the model by relaxing the Weak Axiom of Revealed Preference (WARP), and exploit WARP violations to identify the model’s parameters.

Suggested Citation

  • Ravid, Doron & Steverson, Kai, 2021. "Bad temptation," Journal of Mathematical Economics, Elsevier, vol. 95(C).
  • Handle: RePEc:eee:mateco:v:95:y:2021:i:c:s0304406821000185
    DOI: 10.1016/j.jmateco.2021.102480
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    References listed on IDEAS

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