کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9550918 | 1372622 | 2005 | 13 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
To be consumed with moderation
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
We study the optimal behavior of a hyperbolic discounting agent who has incomplete information about his own preferences and can only learn them through consumption. We show that, even if moderate current consumption and moderate future consumption always dominates abstinence, the agent may optimally decide not to consume as a commitment device against inefficient learning that would lead to future excesses. This provides a rationale for why smokers, gamblers or compulsive buyers stick to second-best personal rules of behavior - such as “abstinence” - without invoking standard habit formation arguments. We also study how urges modify the strategy of the individual.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: European Economic Review - Volume 49, Issue 1, January 2005, Pages 99-111
Journal: European Economic Review - Volume 49, Issue 1, January 2005, Pages 99-111
نویسندگان
Juan D. Carrillo,