Self-control failures, as judged by themselves
Leonhard K. Lades () and
Liam Delaney
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Leonhard K. Lades: University of Stirling
Humanities and Social Sciences Communications, 2024, vol. 11, issue 1, 1-14
Abstract:
Abstract The existence of self-control failures is often used to legitimize public policy interventions. The argument is that reducing self-control failures can make people better off, as judged by themselves. However, there is only scarce evidence on the frequency and welfare costs of self-control failures. This paper presents a survey method that allows us to measure self-control failures in everyday life and to identify their welfare costs in terms of associations with experienced subjective well-being. We present novel survey evidence using this method and discuss its implications for behavioural welfare economics and behavioural public policy.
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palcom:v:11:y:2024:i:1:d:10.1057_s41599-024-03845-1
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DOI: 10.1057/s41599-024-03845-1
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