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dc.contributor.authorFudenberg, Drew
dc.contributor.authorLevine, David K.
dc.date.accessioned2013-09-05T19:20:22Z
dc.date.issued2012
dc.identifierQuick submit: 2013-07-08T16:04:29-04:00
dc.identifier.citationFudenberg, Drew and David K. Levine. 2012. “Timing and Self-Control.” Econometrica 80 (1): 1-42.en_US
dc.identifier.issn0012-9682en_US
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:11005331
dc.description.abstractThe dual self-model of self-control with one-period lived short-run selves is excessively sensitive to the timing of shocks and to the interpolation of additional “noaction” time periods in between the dates when decisions are made. We show that when short-run selves have a random length of time this excess sensitivity goes away. We consider both linear and convex cost of self-control models, illustrating the theory through a series of examples. We examine when opportunities to consume will be avoided or delayed; we consider the way in which the marginal interest declines with delay, and we examine how preference “reversals” depend on the timing of information. To accommodate the combination of short time periods and convex costs of self control we extend the model to treat willpower as a cognitive resource that is limited in the short run.en_US
dc.description.sponsorshipEconomicsen_US
dc.language.isoen_USen_US
dc.publisherThe Econometric Societyen_US
dc.relation.isversionofdoi:10.3982/ECTA9655en_US
dc.relation.hasversionlevine.sscnet.ucla.edu/papers/randomly_lived.pdf‎en_US
dc.relation.hasversionscholar.harvard.edu/fudenberg/publications/timing-and-self-control‎en_US
dash.licenseLAA
dc.subjectself-controlen_US
dc.subjectdual selvesen_US
dc.subjectpresent biasen_US
dc.subjectAllais paradoxen_US
dc.subjectrevealed preferenceen_US
dc.subjectbehavioral economicsen_US
dc.titleTiming and Self-Controlen_US
dc.typeJournal Articleen_US
dc.date.updated2013-07-08T20:04:56Z
dc.description.versionVersion of Recorden_US
dc.rights.holderDrew Fudenberg and David K. Levine
dc.relation.journalEconometricaen_US
dash.depositing.authorFudenberg, Drew
dc.date.available2013-09-05T19:20:22Z
dc.identifier.doi10.3982/ECTA9655*
dash.contributor.affiliatedFudenberg, Drew


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