Temptation, self-control, and inter-temporal choice

Citation

Lades LK & Hofmann W (2019) Temptation, self-control, and inter-temporal choice. Journal of Bioeconomics, 21, pp. 47-70. https://doi.org/10.1007/s10818-019-09284-2

Abstract
This paper presents the TSC framework, a novel formalization of self-control problems. It suggests that self-control failures can be explained either by non-constant temporal discounting, or by temptation that is not neutralized by self-control. Focusing on the latter explanation, the paper organizes much of what we know about self-control problems with the aim to improve communication and collaboration between economists and psychologists. The paper also draws implications for business and behavioral public policy-making from the framework. We hope that this paper will facilitate the development of an integrated behavioral science of self-control.

Keywords
Self-control; Inter-temporal choice; Motivation; Soft paternalism

Journal
Journal of Bioeconomics: Volume 21

People

Professor Leonhard Lades

Professor in Economics, Economics