Learning self-control

Research output: Contribution to journalArticle

31 Citations (Scopus)

Abstract

This article examines how a decision maker who is only partially aware of his temptations learns about them over time. In facing temptations, individuals use their experience to forecast future self-control problems and choose the appropriate level of commitment. I demonstrate that rational learning can be perpetually partial and need not result in full sophistication. The main result of this article characterizes necessary and sufficient conditions for learning to converge to full sophistication. I apply this result to a consumption-savings environment in which a decisionmaker is tempted by present bias and establish a learning-theoretic justification for assuming sophistication in this setting.

Original languageEnglish (US)
Pages (from-to)857-893
Number of pages37
JournalQuarterly Journal of Economics
Volume126
Issue number2
DOIs
StatePublished - May 1 2011

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Sophistication
Self-control
Decision maker
Temptation
Present bias
Rational learning
Savings
Justification

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Cite this

Ali, S. Nageeb. / Learning self-control. In: Quarterly Journal of Economics. 2011 ; Vol. 126, No. 2. pp. 857-893.
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Learning self-control. / Ali, S. Nageeb.

In: Quarterly Journal of Economics, Vol. 126, No. 2, 01.05.2011, p. 857-893.

Research output: Contribution to journalArticle

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