Self-rewards and personal motivation
| Authors |
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| Publication date | 2014 |
| Journal | European Economic Review |
| Volume | Issue number | 68 |
| Pages (from-to) | 151-167 |
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| Abstract | Self-administered rewards are ubiquitous. They serve as incentives for personal accomplishments and are widely recommended to increase personal motivation. We show that in a model with time-inconsistent and reference-dependent preferences, self-rewards can be a credible and effective tool to overcome self-control problems. We also discuss the different types of self-rewards the individual can use, such as vice goods and virtue goods, and analyze which types of goods the individual prefers. |
| Document type | Article |
| Language | English |
| Published at |
https://doi.org/10.1016/j.euroecorev.2014.03.002
(Final published version)
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