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Perfectionism and willpower

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  • Daniele Pennesi

    (University of Bologna)

Abstract

This paper formalizes a relation between models of perfectionism and willpower in the presence of temptation. The value of a menu of options for an individual with limited willpower corresponds to the lower bound of the value assigned to the same menu by a perfectionist, when temptation and perfectionism intensities are free to vary. The relation between overwhelming temptation and the Strotz model is a particular case of the result.

Suggested Citation

  • Daniele Pennesi, 2018. "Perfectionism and willpower," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 6(1), pages 101-110, April.
    • Handle: RePEc:spr:etbull:v:6:y:2018:i:1:d:10.1007_s40505-017-0126-3
    DOI: 10.1007/s40505-017-0126-3
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    References listed on IDEAS

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    More about this item

    Keywords

    Temptation; Perfectionism; Limited Willpower;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D9 - Microeconomics - - Micro-Based Behavioral Economics

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