The economics of possible selves

Shinji Teraji

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2009, vol. 38, issue 1, 45-51

Abstract: This article proposes an economic model of how intentional self-change occurs. People have an array of possible selves. The self-system is multifaceted and dynamic, with different self-representations activated at different times. Comparison between the actual self and the ideal self has important motivational consequences. The response to perceived discrepancy can be shaped toward desired behavioral change. However, self-verification is also an important factor in the individual's motivational system. Self-verification is expected to undermine intentional self-change. Individuals may have an inert area within which they do not attempt self-change. The inert area idea permits both optimal and sub-optimal economic outcomes within the same model.

Keywords: Possible; selves; Intentional; self-change; Inertia (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:38:y:2009:i:1:p:45-51

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