The Simple Theory of Temptation and Self-Control

Faruk Gul and Wolfgang Pesendorfer
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Faruk Gul: Princeton University
Wolfgang Pesendorfer: Princeton University

Working Papers from Princeton University. Economics Department.

Abstract: We analyze a two period model of temptation for a finite choice setting. We formalize the idea that temptation depends only on the most tempting alternatives and provide two representations of such preferences. The representation is an ordinal analogue of the self-control preferences in Gul and Pesendorfer (2001).

Keywords: Temptation; Choice; Self-control (search for similar items in EconPapers)
JEL-codes: D71 (search for similar items in EconPapers)
Date: 2005-06
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http://www.princeton.edu/~pesendor/finite.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:pri:econom:2005-1

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