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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Dynamic inconsistency and self-control: a planner-doer interpretation
Organization Unit
Authors
  • Roland Bénabou
  • Marek Pycia
  • Marek G Pycia
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Economics Letters
Publisher Elsevier
Geographical Reach international
ISSN 0165-1765
Volume 77
Number 3
Page Range 419 - 424
Date 2002
Abstract Text We show that Gul and Pesendorfer’s [Econometrica 69 (2001) 1403] representation result for preferences with temptation and self-control can be reexpressed in terms of a costly intrapersonal conflict between a Planner and Doer, as in Thaler and Shefrin [J. Political Econ. 89 (1981) 392] and psychologists’ standard view of self-control problems.
Digital Object Identifier 10.1016/S0165-1765(02)00158-1
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Keywords Self-control, time consistency, temptation, intertemporal choice