A geometric approach to temptation

Koji Abe

Journal of Mathematical Economics, 2012, vol. 48, issue 2, pages 92-97

Abstract: We provide a simple geometric proof of the Gul and Pesendorfer’s (Gul and Pesendorfer, 2001) utility representation theorem about choice under temptation without self-control. We extract two incomplete orders from preferences: temptation relation and resistance relation. We characterize those relations geometrically and obtain temptation utility using a separation method à la Aumann (Aumann, 1962).

Keywords: Temptation; No self-control; Temptation utility (search for similar items in EconPapers)
Date: 2012
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Persistent link: http://EconPapers.repec.org/RePEc:eee:mateco:v:48:y:2012:i:2:p:92-97

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