Temptation, self-control, and inter-temporal choice
2019
This paper presents the \({ TSC}\) framework, a novel formalization of self-control problems. It suggests that self-control failures can be explained either by non-constant temporal discounting, or by temptation that is not neutralized by self-control. Focusing on the latter explanation, the paper organizes much of what we know about self-control problems with the aim to improve communication and collaboration between economists and psychologists. The paper also draws implications for business and behavioral public policy-making from the framework. We hope that this paper will facilitate the development of an integrated behavioral science of self-control.
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