Value computation and modulation: A neuroeconomic theory of self-control as constrained optimization
Abstract
We develop a theory based on the evidence reported in Hare et al. (2009) to explain consumption of goods that feature a low-order attribute (e.g., taste) and a high-order attribute (e.g., health). One brain system with access to the low-order attribute computes the goal value of consumption while another brain system can modulate this value, at a cost, by transmitting information regarding the high-order attribute. We determine the optimal...
Paper Details
Title
Value computation and modulation: A neuroeconomic theory of self-control as constrained optimization
Published Date
Dec 1, 2021
Journal
Volume
198
Pages
105366 - 105366
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