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Economic Theory Bulletin

, Volume 6, Issue 1, pp 101–110 | Cite as

Perfectionism and willpower

  • Daniele Pennesi
Research Article
  • 104 Downloads

Abstract

This paper formalizes a relation between models of perfectionism and willpower in the presence of temptation. The value of a menu of options for an individual with limited willpower corresponds to the lower bound of the value assigned to the same menu by a perfectionist, when temptation and perfectionism intensities are free to vary. The relation between overwhelming temptation and the Strotz model is a particular case of the result.

Keywords

Temptation Perfectionism Limited Willpower 

JEL Classification

D01 D9 

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Copyright information

© Society for the Advancement of Economic Theory 2017

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of BolognaBolognaItaly

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