University ECON4260 Lectures 2016


ECON4260 BEHAVIORAL ECONOMICS — SPRING SEMESTER 2016
Literature on Topic 2: Time inconsistency and self-control.
Entries in bold constitute the curriculum.

Introduction to self-control problems

  • Frederick, S., G. Loewenstein, and T. O'Donoghue (2002), Time Discounting and Time Preference: A Critical Review, Journal of Economic Literature, 40, 351-401
  • Loewenstein, G. and D. Prelec (1992), Anomalies in Intertemporal Choice: Evidence and an Interpretation, Quarterly Journal of Economics, 107, 573-597
  • Rubinstein, A. (2005), Discussion of 'Behavioral Economics', in Advances in Economics and Econometrics - Theory and Applications, Ninth World Congress of the Econometric Society, Blundell, R., Newey, W.K., Persson, T. (eds.), Volume II, pp. 246-254
  • Strotz, R.H. (1956), Myopia and Inconsistency in Dynamic Utility Maximization, Review of Economic Studies, 23, 165-180
  • Goldman, S.M. (1980), Consistent Plans, Review of Economic Studies, 47, 533-537
  • Modeling self-control problems I: Multi-self vs. temptation

  • Ariely, D. and K. Wertenbroch (2002), Procrastination, Deadlines, and Performance: Self-Control by Precommitment, Psychological Science, 13, 219-224
  • O'Donoghue, T. and M. Rabin (1999), Doing it Now or Later, American Economic Review, 89, 103-124
  • O'Donoghue, T. and M. Rabin (2001), Choice and Procrastination, Quarterly Journal of Economics, 116, 121-160
  • Heidhues, P. and B. Koszegi (2009), Futile attempts at self-control, Journal of European Economic Association, 7, 423-434
  • Gul, F. and W. Pesendorfer (2001), Temptation and Self-Control, Econometrica, 69, 1403-1435
  • Gul, F. and W. Pesendorfer (2004), Self-Control and Theory of Consumption, Econometrica, 72, 119-158
  • Application to the theory of consumption

  • Laibson, D. (1997), Golden Eggs and Hyperbolic Discounting, Quarterly Journal of Eonomics, 112, 443-477
  • Laibson, D. (1998), Life-Cycle Consumption and Hyperbolic Discount Functions, European Economic Review, 42, 861-871
  • Angeletos, G.-M., D. Laibson, A. Repetto, J. Tobacman, and S. Weinberg (2001), The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation, Journal of Economic Perspectives, 15, 47-68
  • Modeling self-control problems II: Dual self

  • Thaler, R. and H. Shefrin (1981), An Economic Theory of Self-Control, Journal of Political Economy, 89, 392-406
  • Fudenberg, D. and D.M. Levine (2006), A Dual Self Model of Impulse Control, American Economic Review, 96, 1449-1476

  • Last modified: 12 November 2015