The DOI matches its Crossref record; 59 of the 59 references it cites were found in a registry or an index.
A Dual-Self Model of Impulse Control
Open accessAbstract
We propose that a simple “dual-self” model gives a unified explanation for several empirical regularities, including the apparent time inconsistency that has motivated models of quasi-hyperbolic discounting and Rabin's paradox of risk aversion in the large and small. The model also implies that self-control costs imply excess delay, as in the O'Donoghue and Rabin models of quasi-hyperbolic utility, and it explains experimental evidence that increased cognitive load makes temptations harder to resist. The base version of our model is consistent with the Gul-Pesendorfer axioms, but we argue that these axioms must be relaxed to account for the effect of cognitive load.
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Citations
Cites
Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G. F., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,381
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Self-regulation and depletion of limited resources: Does self-control resemble a muscle?
Muraven, M., & Baumeister, R. F. (2000) · Psychological Bulletin · doi:10.1037/0033-2909.126.2.247 · Cited by 4,510
O'Donoghue, T., & Rabin, M. (1999) · American Economic Review · doi:10.1257/aer.89.1.103 · Cited by 3,121
Separate neural systems value immediate and delayed monetary rewards
McClure, S. M., Laibson, D. I., Loewenstein, G., & Cohen, J. D. (2004) · Science · doi:10.1126/science.1100907 · Cited by 3,089
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1955) · The Review of Economic Studies · doi:10.2307/2295722 · Cited by 2,834 · cited 1×
“The economics literature on time-inconsistent preferences, following Strotz [1955] and Laibson [1997], uses the now-familiar � � � �� form.”
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1973) · Readings in Welfare Economics · doi:10.1007/978-1-349-15492-0_10 · Cited by 2,743
Out of Control: Visceral Influences on Behavior
Loewenstein, G. (1996) · Organizational Behavior and Human Decision Processes · doi:10.1006/obhd.1996.0028 · Cited by 2,610 · cited 1×
“The economics literature on hyperbolic discounting, following Strotz [1955] and Laibson [1997] , uses the now-familiar � � � �� form.”
The Theory of Learning in Games
Drew Fudenberg, B., & Levine, D. K. (1998) · MIT Press Books · Cited by 2,455
Self-citationPsychology and Economics: Evidence from the Field
DellaVigna, S. (2009) · Journal of Economic Literature · doi:10.1257/jel.47.2.315 · Cited by 2,365
Cited by
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Psychology and Economics: Evidence from the Field
DellaVigna, S. (2009) · Journal of Economic Literature · doi:10.1257/jel.47.2.315 · Cited by 2,365
Spontaneous giving and calculated greed
Rand, D. G., Greene, J. D., & Nowak, M. A. (2012) · Nature · doi:10.1038/nature11467 · Cited by 1,334
Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, T., Falk, A., Huffman, D., & Sunde, U. (2010) · American Economic Review · doi:10.1257/aer.100.3.1238 · Cited by 1,332
Eliciting Risk and Time Preferences
Andersen, S., Harrison, G. W., Lau, M. I., & Rutström, E. E. (2008) · Econometrica · doi:10.1111/j.1468-0262.2008.00848.x · Cited by 984
Metadata
- Authors
- Fudenberg, D., & Levine, D. K.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2006-11-01
- Volume
- 96
- Issue
- 5
- Pages
- 1449-1476
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W3123702851
- Cited by
- 927
- References
- 59
- FWCI
- 21.35
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
