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Menu-Dependent Self-Control

Author

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  • Jawwad Noor

    (Department of Economics, Boston University)

Abstract

The literature on self-control problems has typically put forth models that imply behavior that is consistent with the Weak Axiom of Revealed Prefer- ence. Thus, while choice is hypothesized to be the outcome of some under- lying internal con.ict, the resulting choices are perfectly consistent across choice problems. We argue that such consistency is not to be expected from agents who suffer from self-control problems because an agent's ability to resist temptation may well depend on what alternatives are available to him. That is, self-control may be menu-dependent. This paper generalizes Gul and Pesendorfer [9] in a way that permits abstract menu-dependent self-control. Various specializations are considered. The foundations of the model require weakening Gul and Pesendorfer [9]'s Independence and Set-Betweenness ax- ioms.

Suggested Citation

  • Jawwad Noor, 2006. "Menu-Dependent Self-Control," Boston University - Department of Economics - Working Papers Series WP2006-021, Boston University - Department of Economics.
    • Handle: RePEc:bos:wpaper:wp2006-021
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    References listed on IDEAS

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