Pleasing or Fighting Future Tastes? Projection Bias versus Conflict of Selves

Sebastian Krügel and Matthias Uhl

VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking from Verein für Socialpolitik / German Economic Association

Abstract: Previous studies apparently demonstrate that people systematically mispredict future tastes. This evidence, however, is also consistent with the idea that people understand, but do not approve of their future tastes. To disentangle both approaches, we conducted a framed field experiment with commitment option. In our experiment, commitment was a judgment which a planner imposed on another planner. The results suggest that people may sometimes experience a conflict between two far-sighted selves.

JEL-codes: D03 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-cbe
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc17:168170

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