Dynamic inconsistency and self-control: A planner-doer interpretation

Roland Bénabou, Marek Pycia

Research output: Contribution to journalArticlepeer-review

56 Scopus citations


We show that Gul and Pesendorfer's [Econometrica 69 (2001) 1403] representation result for preferences with temptation and self-control can be reexpressed in terms of a costly intrapersonal conflict between a Planner and Doer, as in Thaler and Shefrin [J. Political Econ. 89 (1981) 392] and psychologists' standard view of self-control problems.

Original languageEnglish (US)
Pages (from-to)419-424
Number of pages6
JournalEconomics Letters
Issue number3
StatePublished - Nov 1 2002
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


  • Intertemporal choice
  • Self-control
  • Temptation
  • Time consistency


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