A model of self-discipline

dc.contributor.author	Mihm, Maximilian
dc.contributor.author	Ozbek, Kemal
dc.date.accessioned	2017-05-24T14:30:09Z
dc.date.available	2017-05-24T14:30:09Z
dc.date.issued	2016
dc.identifier.citation	Mihm , M & Ozbek , K 2016 ' A model of self-discipline ' .	en
dc.identifier.other	PURE: 240871419
dc.identifier.other	PURE UUID: d88a451f-bb40-4123-94b1-7764ff9e7f25
dc.identifier.uri	https://hdl.handle.net/10023/10844
dc.description.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.
dc.format.extent	48
dc.language.iso	eng
dc.rights	Copyright (c) 2016, the authors	en
dc.subject	Menu-choice	en
dc.subject	Preference for commitment	en
dc.subject	Self-discipline	en
dc.subject	Temptation	en
dc.subject	HB Economic Theory	en
dc.subject	HM Sociology	en
dc.subject.lcc	HB	en
dc.subject.lcc	HM	en
dc.title	A model of self-discipline	en
dc.type	Working or discussion paper	en
dc.description.version	Preprint	en
dc.contributor.institution	University of St Andrews. School of Economics and Finance	en