Essays in Experimental Economics

نویسندگان

  • Krishna Savani
  • Muriel Niederle
چکیده

This paper tests whether people can exercise self-control in limiting consumption of unwanted food and whether they can pre-empt their future lack of self-control by restricting the availability of food. An experiment was conducted with Stanford University undergraduates over a period of 7 weeks in which some participants were given a fixed number of candies by the experimenter and other participants were allowed to choose the number of candies that they wanted to possess. The results yielded partial support of the hypotheses: although participants in the choice condition chose to possess only a few candies every week, they consumed more candies than participants in the no-choice condition, who possessed many more candies every week. The results are explained by cognitive dissonance theory and reactance theory in social psychology.

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تاریخ انتشار 2005