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Allocation among multiple selves

delete2025-11-01
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OA
AI
Z
Zeyu Liu *
D
Daniel Friedman
S
Simon Weidenholzer
DOI:10.1007/s11238-025-10086-4delete
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Abstract

Abstract

En 中文
We propose a model of individual decision making that separates a central executive system (Ego) from a sub-self with its own preferences (Cold) and an impulsive sub-self with different preferences (Hot). Ego cares only about the payoffs of the other two sub-selves and allocates available resources between them. For standard neoclassical preferences over joint consumption, we show that in subgame perfect Nash equilibrium, Ego will choose a resource allocation that enables neither Hot nor Cold to attain their most preferred affordable bundle. Moreover, the two sub-selves each choose a more extreme and specialized bundle than they would choose if they unilaterally controlled all available resources.
Keywords:
Multiple self
Menu dependence
Individual choice
C72
D11
D16
AI Summary

AI Summary

Key information extracted from the uploaded paper, including a brief overview, abstract, background, key highlights, visual analysis, and future outlook.

Journal

T
Theory and Decision
IF:
0.6
Papers:
57
Citations:
0

Organization

U
University of Essex
Scholars:
4.0K
Papers: 4.8K
Citations: 5
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