Gerhardt, Holger; Schildberg-Hörisch, Hannah; … - 2015
A core prediction of recent "dual-self" models is that a person's risk attitudes depend on her current level of self-control …. Using two prominent models, we derive precise hypotheses for choices between risky monetary payoffs in a state of low self-control …, compared to regular self-control; in particular, lower levels of self-control should induce stronger risk aversion for stakes …