Hyperbolic Discounting Is Not Lack of Self-Control

Jimenez-Gomez, David

doi:10.2139/ssrn.3259378

Cited by 4 publications

(3 citation statements)

References 72 publications

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“…76 However, welfare calculations may be sensitive to certain details. First, the particular theory researchers base their calculations on has important consequences for the conclusions on welfare (Jimenez- Gomez 2018). This aspect is even more salient in areas where individuals are known to be subject to behavioral biases.…”

Section: Use Blocked Randomization To Increase Power and Credibilitymentioning

confidence: 99%

The Dozen Things Experimental Economists Should Do (More Of)

2019

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What was once broadly viewed as an impossibility-learning from experimental data in economics-has now become commonplace. Governmental bodies, think tanks, and corporations around the world employ teams of experimental researchers to answer their most pressing questions. For their part, in the past two decades academics have begun to more actively partner with organizations to generate data via field experimentation. While this revolution in evidence-based approaches has served to deepen the economic science, recently a credibility crisis has caused even the most

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Section: Use Blocked Randomization To Increase Power and Credibilitymentioning

confidence: 99%

The Dozen Things Experimental Economists Should Do (More Of)

2019

Self Cite

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“…However, welfare calculations may be sensitive to certain details. First, the particular theory researchers base their calculations on has important consequences for the conclusions on welfare (Jimenez‐Gomez ). This aspect is even more salient in areas where individuals are known to be subject to behavioral biases .…”

Section: Dozen Thingsmentioning

confidence: 99%

The Dozen Things Experimental Economists Should Do (More of)

Czibor¹,

Jimenez-Gomez²,

List

2019

Southern Economic Journal

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What was once broadly viewed as an impossibility—learning from experimental data in economics—has now become commonplace. Governmental bodies, think tanks, and corporations around the world employ teams of experimental researchers to answer their most pressing questions. For their part, in the past two decades academics have begun to more actively partner with organizations to generate data via field experimentation. Although this revolution in evidence‐based approaches has served to deepen the economic science, recently a credibility crisis has caused even the most ardent experimental proponents to pause. This study takes a step back from the burgeoning experimental literature and introduces 12 actions that might help to alleviate this credibility crisis and raise experimental economics to an even higher level. In this way, we view our “12 action wish list” as discussion points to enrich the field.

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“…We use the terms 'force' and 'goal' interchangeably, and call instantiations of goals 'preferences'.4 While hyperbolic discounting can capture time inconsistent preferences, it cannot account for consumers being tempted only by certain types of consumption (e.g., food or sex) but not by others(Loewenstein, 1996;Jimenez- Gomez, 2018).…”

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confidence: 99%

Exerting Self‐Control ≠ Sacrificing Pleasure

2019

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Self-control is a prominent topic in consumer research, where it is often conceptualized as the abstinence from hedonic consumption. We examine whether this conceptualization accurately captures consumers' experiences of self-control conflicts/failures in light of seminal self-control theories in economics and psychology.Rejecting that notion, we argue that self-control failures are choices in violation of superordinate long-term goals accompanied by anticipated regret, rather than choices of hedonic over utilitarian consumption. This conceptualization has important methodological, theoretical, and practical implications. Methodologically, it highlights the need for experimental paradigms with higher construct validity. Theoretically, it helps elucidate how self-control is distinct from impatience and self-regulation. Practically, it provides a rich set of implications for deducing interventions on the individual and public policy level to help consumers exert self-control.

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Hyperbolic Discounting Is Not Lack of Self-Control

Cited by 4 publications

References 72 publications

The Dozen Things Experimental Economists Should Do (More Of)

The Dozen Things Experimental Economists Should Do (More Of)

The Dozen Things Experimental Economists Should Do (More of)

Exerting Self‐Control ≠ Sacrificing Pleasure

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