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.

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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
Controls
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article

Sophistication about self-control

Deborah A. Cobb‐Clark, Hannah Schildberg-Hörisch, Sarah C. Dahmann, Daniel Kamhöfer
4 citations
Journal of Public Economics
Mental Health Research Topics
2.03
article

Sophistication about self-control

Deborah A. Cobb‐Clark, Hannah Schildberg-Hörisch, Sarah C. Dahmann, Daniel Kamhöfer
article en
4 citations

Abstract

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.

Journal of Public EconomicsVol. 238
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)
Reduced inequalities
Openalex Percentile: Top 15%
Mental Health Research Topics
2.03
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