English, Article edition: Self Control, Revealed Preferences and Consumption Choice Faruk Gul; Wolfgang Pesendorfer

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Bookmark: http://trove.nla.gov.au/version/112278
Physical Description
  • article
Language
  • English

Edition details

Title
  • Self Control, Revealed Preferences and Consumption Choice
Author
  • Faruk Gul
  • Wolfgang Pesendorfer
Physical Description
  • article
Notes
  • We provide a time consistent model that addresses the preference reversals that motivate the time inconsistency literature. The model subsumes the behavior generated by the time-inconsistency approach in finite settings but, unlike the time-inconsistent models, allows for self-control. This paper provides a brief summary of theoretical results shown elsewhere (Gul and Pesendorfer (2001), (2002a), (2002b)) and contrasts the predictions and welfare implications of our model and the time-inconsistent beta-delta model. (Copyright: Elsevier)
  • RePEc:red:issued:v:7:y:2004:i:2:p:243-264
Language
  • English
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