Temptations in General Settings

Igor Kopylov

17 citations0/0 files storedThe B E Journal of Theoretical Economics

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Decision-Making and Behavioral Economics Experimental Behavioral Economics Studies Economic theories and models

Abstract

I generalize Gul and Pesendorfer's (2001) model of temptation to a multi-period framework where preferences are defined over menus of menus rather than over menus of terminal consumptions. This extension can be applied to model preemptive temptations, self-deception, and biased perceptions of subjective uncertainty.

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References

1979Prospect Theory: An Analysis of Decision under Risk 2001Temptation and Self-Control 1953An Axiomatic Approach to Measurable Utility 2003Self-Control and the Theory of Consumption 2009Temptation-Driven Preferences 2006An Axiomatic Model of Non-Bayesian Updating 2007Representing Preferences with a Unique Subjective State Space: A Corrigendum 2007Commitment and self-control

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2009A model of consumption-dependent temptation 2013Preference for Flexibility and Dynamic Consistency 2009Self-Deception and Choice ⁄2012A geometric approach to temptation 2018Temptation with uncertain normative preference 2016Additive representation for preferences over menus in finite choice settings 2016A Geometric Approach to Temptation

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