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The Resolution Game - A Multiple Selves Perspective

Author

Listed:
  • Dimitri Migrow

    (University of Regensburg, Economics Department, Chair for International and Monetary Economics)

  • Matthias Uhl

    (Max Planck Institute of Economics, International Max Planck Research School on Adapting Behavior in a Fundamentally Uncertain World, Jena)

Abstract

The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding devices. It moves away from anthropocentric neoclassicism and embraces a more atomistic notion of a player by defining intrapersonal agents as strategic actors. The magnitude of state-dependency is seen as a key driver of intrapersonal conflict modelled by the incongruity of the preferences of two opposing agents. The sequential conceptualisation basically allows for experimental testing.

Suggested Citation

  • Dimitri Migrow & Matthias Uhl, 2009. "The Resolution Game - A Multiple Selves Perspective," Jena Economics Research Papers 2009-060, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2009-060
    as

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    File URL: https://oweb.b67.uni-jena.de/Papers/jerp2009/wp_2009_060.pdf
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    References listed on IDEAS

    as
    1. Thaler, Richard H & Shefrin, H M, 1981. "An Economic Theory of Self-Control," Journal of Political Economy, University of Chicago Press, vol. 89(2), pages 392-406, April.
    2. Ted O'Donoghue & Matthew Rabin, 2001. "Choice and Procrastination," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(1), pages 121-160.
    3. Moldoveanu, Mihnea & Stevenson, Howard, 2001. "The self as a problem: the intra-personal coordination of conflicting desires," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 30(4), pages 295-330.
    4. O'Donoghue, Ted & Rabin, Matthew, 2000. "Choice and Procrastination," Department of Economics, Working Paper Series qt5r26k54p, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
    5. Schelling, Thomas C, 1984. "Self-Command in Practice, in Policy, and in a Theory of Rational Choice," American Economic Review, American Economic Association, vol. 74(2), pages 1-11, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Multiple Selves; Agency; Intrapersonal Conflict; Resolutions; Self-Binding; Self-Control; Commitment;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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