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Time Inconsistency
The human tendency to systematically misjudge at the present time what will actually end up being desired at a future time.
Behavioral Economists
Economists who study the psychological, cognitive, emotional, cultural, and social factors on the economic decisions of individuals and institutions.
Precommitments
Actions taken ahead of time that make it difficult for the future self to avoid doing what the present self desires. See time inconsistency and self-control problems.
Self-Control Problems
Self-control problems refer to situations where individuals struggle to resist short-term temptations in order to achieve long-term goals, often leading to impulsive behavior.
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