Temptation, Willpower, and the Problem of Rational Self-Control
Bibliographic Data
| ID | 5917314 |
|---|---|
| Authors | Mary E Deily (0000-0001-5941-9648, Lehigh University, corresponding author), W Robert Reed (0000-0002-6459-8174, University of Oklahoma) |
| Year | 1993 |
| Volume | 5 |
| Issue | 4 |
| Pages | 455-472 |
| Publication date | 1993-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Rationality and Society (JOURNAL) |
| Journal identifiers | ISSN: 1043-4631 • E-ISSN: 1461-7358 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1177/1043463193005004004 |
| OpenAlex | W2033160654 |
| Language | EN |
| Citations received | 1 |
| References cited | 15 |
This article develops a model of consumption when individuals maximize utility knowing that they will experience varying levels of temptation and willpower over time. Examination of the optimal consumption path reveals that consumers may resist temptation by altering their consumption path. This can generate consumption patterns that mimic time preference even when no underlying time preferences exist. Self-control strategies to increase consumer welfare, such as precommitment and public side bets, are shown to derive directly from the model
Consumer choice · Dynamic inconsistency · Economics · Microeconomics · Precommitment · Preference · Self-control · Sociology · Temptation · Computer Science · Decision-Making and Behavioral Economics · Economic theories and models · Experimental Behavioral Economics Studies · Psychology · Social Psychology
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Anomalies
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,03 |
| Citation span | 1995 - 1995 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |