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The resolution game : a dual selves perspective
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Migrow, Dimitri and Uhl, Matthias (2011) The resolution game : a dual selves perspective. Games, Volume 2 (Number 4). pp. 452-462. doi:10.3390/g2040452 ISSN 2073-4336.
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Official URL: http://dx.doi.org/10.3390/g2040452
Abstract
This article explains the emergence of an unique equilibrium resolution as the result of a compromise between two selves with different preferences. The stronger this difference is, the more generous the resolution gets. This result is in contrast to predictions of other models in which sinful consumption is distributed bimodally. Therefore, our result fits better with our daily observations concerning a lot of ambivalent goods where we often form nonrigid resolutions. The normative analysis uses the device of a hypothetical impartial self that regards both conflicting motives as equally legitimate. The result of this analysis is dilemmatic. It demonstrates that the resolution is broken too often to be welfare maximal. However, the introduction of external self-commitment devices results in their overuse and is welfare decreasing.
Item Type: | Journal Article | ||||||||
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Subjects: | Q Science > QA Mathematics | ||||||||
Divisions: | Faculty of Social Sciences > Economics | ||||||||
Library of Congress Subject Headings (LCSH): | Game theory, Psychology -- Mathematical models, Self-control -- Mathematical models | ||||||||
Journal or Publication Title: | Games | ||||||||
Publisher: | M D P I AG | ||||||||
ISSN: | 2073-4336 | ||||||||
Official Date: | 9 December 2011 | ||||||||
Dates: |
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Volume: | Volume 2 | ||||||||
Number: | Number 4 | ||||||||
Page Range: | pp. 452-462 | ||||||||
DOI: | 10.3390/g2040452 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||
Date of first compliant deposit: | 27 December 2015 | ||||||||
Date of first compliant Open Access: | 27 December 2015 |
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