28 Pages Posted: 2 Mar 2018 Last revised: 5 Jan 2021
Date Written: September 25, 2020
We study a static self-control model in which an agent's preference, temptation ranking, and cost of self-control drive her choices among a finite set of options. We show that it is without loss to assume that the agent's temptation ranking is the opposite of her preference. We characterize the model by relaxing the Weak Axiom of Revealed Preference (WARP), and exploit WARP violations to identify the model's parameters.
Keywords: Temptation, Self-Control, Weak Axiom of Revealed Preference, Intransitive Preferences
JEL Classification: D01, D11
Suggested Citation: Suggested Citation