I generalize Gul and Pesendorfer's (2001) model of temptation to a multi-period framework where preferences are defined over menus of menus rather than over menus of terminal consumptions. This extension can be applied to model preemptive temptations, self-deception, and biased perceptions of subjective uncertainty.
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Temptations in General Settings
Igor Kopylov1
1University of California, Irvine, ikopylov@uci.edu
Citation Information: The B.E. Journal of Theoretical Economics. Volume 9, Issue 1, Pages –, ISSN (Online) 1935-1704, DOI: 10.2202/1935-1704.1558, September 2009
Publication History:
- Published Online:
- 2009-09-27
Keywords: temptation; Set-Betweenness; self-control; subjective state space
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