Sophistication about self-control
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.
Authors
- Deborah A. Cobb‐Clark (ORCID: https://orcid.org/0000-0003-2895-7886)
- Hannah Schildberg-Hörisch (ORCID: https://orcid.org/0000-0002-4567-1946)
- Sarah C. Dahmann (ORCID: https://orcid.org/0000-0001-5101-1373)
- Daniel Kamhöfer (ORCID: https://orcid.org/0000-0003-2092-2742)
Institutions
- The University of Sydney (AU)
- University of Kaiserslautern (DE)
- The University of Melbourne (AU)
- IZA - Institute of Labor Economics (DE)
- ARC Centre of Excellence for Children and Families over the Life Course (AU)
- Heinrich Heine University Düsseldorf (DE)
Publication Details
- Journal
- Journal of Public Economics
- Published
- 2024-08-22
- DOI
- https://doi.org/10.1016/j.jpubeco.2024.105196
- Citations
- 4
- Primary Topic
- Mental Health Research Topics
- Type
- article
- Field-Weighted Citation Impact
- 2.03