Self-Control Awareness and Intertemporal Choice Behavior: Evidence from a Randomized Experiment

Abstract

This paper investigates how awareness about self-control problems (i.e., sophistication) affects intertemporal choice behavior. In a randomized experiment, the treatment group was provided information about self-control problems. In an incentivized task, study participants intertemporally divided $500 into two payments (the amount allocated to the later payment was paid with interest). The results show the treatment was more willing to delay gratification, choosing a later reward 8% to 16% larger than the control. We provide evidence that the results are due to greater self-control awareness.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 1 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.