期刊名称：HIER Discussion Paper Series / Harvard Institute of Economic Research
出版年度：2006
卷号：2006
出版社：Harvard Institute of Economic Research
摘要：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 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 hyperbolic utility,
and it explains experimental evidence that increased cognitive load makes
temptations harder to resist. Finally, the reduced form of the base version of
our model is consistent with the Gul-Pesendorfer axioms
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