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questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points …
Persistent link: https://www.econbiz.de/10010268967
It is a puzzle why people often evaluate consequences of choices separately (narrow bracketing) rather than jointly (broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals narrowly for motivational reasons. Goals motivate because...
Persistent link: https://www.econbiz.de/10010271317