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Sophistication about Self-control

Deborah A. Cobb-ClarkSarah C. DahmannDaniel A. KamhöferHannah Schildberg-Hörisch

出版	Heinrich-Heine-Universität Düsseldorf, Düsseldorf Institute for Competition Economics (DICE), 2021
ISBN	38630436429783863043643
URL	http://books.google.com.hk/books?id=gYOSzgEACAAJ&hl=&source=gbs_api

註釋

We propose a broadly applicable empirical approach to classify individuals as timeconsistent versus na ̈ıve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally 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 na ̈ıfs, sophisticates have higher IQs, better educated parents, and are more likely to take up commitment devices. Accounting for both the level and awareness of self-control limitations has predictive power beyond one-dimensional notions of self-control that neglect awareness. Importantly, sophistication fully compensates for self-control problems when choices involve immediate costs and later benefits. Raising people's awareness of their own self-control limitations may thus assist them in overcoming any adverse consequences.