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- Title
MULTIPLE TEMPTATIONS.
- Authors
Stovall, John E.
- Abstract
We use a preference-over-menus framework to model a decision maker who is affected by multiple temptations. Our two main axioms on preference-exclusion and inclusion-identify when the agent would want to restrict his choice set and when he would want to expand his choice set. An agent who is tempted would want to restrict his choice set by excluding the normatively worst alternative of that choice set. Simultaneously, he would want to expand his choice set by including a normatively superior alternative. Our representation identifies the agent's normative preference and temptations, and suggests the agent is uncertain which of these temptations will affect him. We provide examples to illustrate how our model improves on those of GuI and Pesendorfer (2001) and Dekel, Lipman, and Rustichini (2009).
- Subjects
FRAMEWORK stories; STRUCTURAL frames; DECISION making; TEMPTATION; SELF-control; SOCIAL isolation; SOCIAL integration; ALTERNATIVE approaches in education; PREFERENCES (Philosophy)
- Publication
Econometrica, 2010, Vol 78, Issue 1, p349
- ISSN
0012-9682
- Publication type
Article
- DOI
10.3982/ECTA8090