Awareness of self-control
Fuente:
arXiv
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| Autori principali: | , , |
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| Natura: | Preprint |
| Pubblicazione: |
2024
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| _version_ | 1866910334913085440 |
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| author | Mousavi, Mohammad Mehdi Sefidi, Mahdi Kohan Allahyarkhani, Shirin |
| author_facet | Mousavi, Mohammad Mehdi Sefidi, Mahdi Kohan Allahyarkhani, Shirin |
| contents | Economists modeled self-control problems in decisions of people with the time-inconsistence preferences model. They argued that the source of self-control problems could be uncertainty and temptation. This paper uses an experimental test offered to individuals instantaneous reward and future rewards to measure awareness of self-control problems in a tempting condition and also measure the effect of commitment and flexibility cost on their welfare. The quasi-hyperbolic discounting model with time discount factor and present bias at the same time was used for making a model for measuring awareness and choice reversal conditions. The test showed 66% awareness of self-control (partially naive behaviors) in individuals. The welfare implication for individuals increased with commitment and flexibility costs. The result can be useful in marketing and policy-making fields design precisely offers for customers and society. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2402_11072 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Awareness of self-control Mousavi, Mohammad Mehdi Sefidi, Mahdi Kohan Allahyarkhani, Shirin General Economics Economics Economists modeled self-control problems in decisions of people with the time-inconsistence preferences model. They argued that the source of self-control problems could be uncertainty and temptation. This paper uses an experimental test offered to individuals instantaneous reward and future rewards to measure awareness of self-control problems in a tempting condition and also measure the effect of commitment and flexibility cost on their welfare. The quasi-hyperbolic discounting model with time discount factor and present bias at the same time was used for making a model for measuring awareness and choice reversal conditions. The test showed 66% awareness of self-control (partially naive behaviors) in individuals. The welfare implication for individuals increased with commitment and flexibility costs. The result can be useful in marketing and policy-making fields design precisely offers for customers and society. |
| title | Awareness of self-control |
| topic | General Economics Economics |
| url | https://arxiv.org/abs/2402.11072 |