Sophistication about self-control

A-Tier
Journal: Journal of Public Economics
Year: 2024
Volume: 238
Issue: C

Authors (4)

Cobb-Clark, Deborah A. (University of Sydney) Dahmann, Sarah C. (University of Melbourne) Kamhöfer, Daniel A. (not in RePEc) Schildberg-Hörisch, Hannah (not in RePEc)

Score contribution per author:

1.009 = (α=2.02 / 4 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We use information on people’s ideal, predicted, and realized body weight to classify them as time-consistent versus naïve, and partially or fully sophisticated regarding their self-control limitations. Operationalizing this approach in population-representative data reveals that self-control problems are pervasive and that most people are at least partly aware of their limited self-control. Compared to naïfs, sophisticates have higher IQs, better educated parents, and are more likely to use potential commitment devices. Despite their self-control problems, sophisticated individuals make similar choices as time-consistent individuals when those choices involve immediate costs and later benefits. An increased awareness of one’s own self-control limitations may thus help in reducing their adverse consequences.

Technical Details

RePEc Handle
repec:eee:pubeco:v:238:y:2024:i:c:s0047272724001324
Journal Field
Public
Author Count
4
Added to Database
2026-01-25