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Temptation, self-control, and inter-temporal choice

Leonhard Lades and Wilhelm Hofmann ()
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Wilhelm Hofmann: University of Cologne

Journal of Bioeconomics, 2019, vol. 21, issue 1, 47-70

Abstract: Abstract This paper presents the $${ TSC}$$ TSC framework, a novel formalization of self-control problems. It suggests that self-control failures can be explained either by non-constant temporal discounting, or by temptation that is not neutralized by self-control. Focusing on the latter explanation, the paper organizes much of what we know about self-control problems with the aim to improve communication and collaboration between economists and psychologists. The paper also draws implications for business and behavioral public policy-making from the framework. We hope that this paper will facilitate the development of an integrated behavioral science of self-control.

Keywords: Self-control; Inter-temporal choice; Motivation; Soft paternalism; D03; D90 (search for similar items in EconPapers)
Date: 2019
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