
doi: 10.3982/te536
handle: 10419/150135 , 1807/27190
This paper extends the theory of temptation and self-control introduced by Gul and Pesendorfer (2001) to allow for increasing marginal costs of resisting temptation, that is, convex self-control costs. It also proves a representation theorem that admits a general class of self-control cost functions. Both models maintain the Order, Continuity, and Set Betweenness axioms but violate Independence.
Temptation, self-control, ddc:330, Temptation, self-control, non-linear self-control costs, non-linear self-control costs, D11, jel: jel:D11
Temptation, self-control, ddc:330, Temptation, self-control, non-linear self-control costs, non-linear self-control costs, D11, jel: jel:D11
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