A model of self-discipline
Abstract
In this paper, we propose a model of self-discipline where a decision-maker balances the benefits of regulating her moods against a cost of self-discipline effort. Self-discipline is beneficial as it reduces the chances of internal conflict, yet it is a costly effort to undertake. We provide an axiomatic characterization of our model in a menu-choice framework, and show how costs of self-discipline can be elicited and compared across individuals. Our model generalizes well-known models of temptation-driven behavior by viewing temptations as the endogenous outcome of a self-discipline choice problem.
Citation
Mihm , M & Ozbek , K 2016 ' A model of self-discipline ' .
Type
Working or discussion paper
Rights
Copyright (c) 2016, the authors
Collections
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