Bad temptation

Doron Ravid and Kai Steverson

Journal of Mathematical Economics, 2021, vol. 95, issue C

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.

Keywords: Temptation; WARP violations; Self control; Consumer choice; Commitment preferences (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304406821000185
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:95:y:2021:i:c:s0304406821000185

DOI: 10.1016/j.jmateco.2021.102480

Access Statistics for this article

Journal of Mathematical Economics is currently edited by Atsushi (A.) Kajii

More articles in Journal of Mathematical Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().