Gul, Faruk; Pesendorfer, Wolfgang Temptation and self-control. (English) Zbl 1019.91017 Econometrica 69, No. 6, 1403-1435 (2001). Summary: We study a two-period model where ex ante inferior choice may tempt the decision-maker in the second period. Individuals have preferences over sets of alternatives that represent second period choices. Our axioms yield a representation that identifies the individual’s commitment ranking, temptation ranking, and cost of self-control. An agent has a preference for commitment if she strictly prefers a subset of alternatives to the set itself. An agent has self-control if she resists temptation and chooses an option with higher ex ante utility. We introduce comparative measures of preference for commitment and self-control and relate them to our representations. Cited in 18 ReviewsCited in 127 Documents MSC: 91B14 Social choice Keywords:dynamic choice; preference for commitment; set betweenness PDFBibTeX XMLCite \textit{F. Gul} and \textit{W. Pesendorfer}, Econometrica 69, No. 6, 1403--1435 (2001; Zbl 1019.91017) Full Text: DOI