2011 Fiscal Year Final Research Report
An Extension of Opportunity-Set Approach in Decision Theory : Case of Temptation and Self-Control
| Project/Area Number |
22730157
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Yokohama National University |
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Principal Investigator |
TAKEOKA Norio 横浜国立大学, 経済学部, 准教授 (80434695)
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| Project Period (FY) |
2010 – 2011
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| Keywords | ミクロ経済学 |
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| Research Abstract |
Gul and Pesendorfer(2001) model a decision maker who exhibits self-control under temptation. In this model, preference over opportunity sets is assumed as a primitive, and axioms for self-control representation are investigated. However, it is known that the choice from an opportunity set, induced from this model, is not necessarily consistent with intuitive behavior of self-control. This study incorporates a choice correspondence into the primitive of the model, and shows that this extended model can accommodate typical choice patterns under risk and over time.
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