|Appears in Collections:||Economics Journal Articles|
|Peer Review Status:||Refereed|
|Title:||Present Bias and Everyday Self-Control Failures: A Day Reconstruction Study|
Lades, Leonhard K
|Keywords:||day reconstruction method|
|Citation:||Delaney L & Lades LK (2017) Present Bias and Everyday Self-Control Failures: A Day Reconstruction Study, Journal of Behavioral Decision Making, 30 (5), pp. 1157-1167. https://doi.org/10.1002/bdm.2031.|
|Abstract:||Everyday life is full of self-control problems. The economist's favorite explanation for self-control problems is present bias. This paper tests whether experimentally elicited present bias predicts self-control problems in everyday life. We measure present bias by using a standard incentivized delay discounting task and everyday self-control by using the day reconstruction method (DRM). Because this is the first study to measure everyday self-control by using the DRM, we also validate the method by showing that its data replicate key results from the seminal Everyday Temptation Study. We find that present bias does not predict everyday self-control. This points to a distinction between decreasing impatience (as measured in delay discounting tasks) and visceral influences (as occurring in everyday life) as determinants of self-control problems. We argue that decision making research can benefit from the DRM as a cost-effective tool that complements lab and field experiments to better understand economic preference measures and their correlates in everyday life decision making.|
|Rights:||The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.|
|Delaney_Journal_of_Behavioral_Decision_Making_2017.pdf||Fulltext - Published Version||389.33 kB||Adobe PDF||Under Embargo until 2999-12-22 Request a copy|
Note: If any of the files in this item are currently embargoed, you can request a copy directly from the author by clicking the padlock icon above. However, this facility is dependent on the depositor still being contactable at their original email address.
This item is protected by original copyright
Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.
If you believe that any material held in STORRE infringes copyright, please contact firstname.lastname@example.org providing details and we will remove the Work from public display in STORRE and investigate your claim.