eprintid: 46210
rev_number: 23
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dir: disk0/00/04/62/10
datestamp: 2022-08-23 14:35:51
lastmod: 2023-12-19 16:10:28
status_changed: 2023-09-07 08:07:35
type: article
succeeds: 47773
metadata_visibility: show
creators_name: Mariotti, Thomas
creators_name: Schweizer, Nikolaus
creators_name: Szech, Nora
creators_name: von Wangenheim, Jonas
creators_idrefppn: 175120617
creators_affiliation: Toulouse School of Economics; CNRS; University of Toulouse Capitole, Toulouse,France;CESifo;CEPR
creators_affiliation: Tilburg University
creators_affiliation: The Karlsruhe Institute of Technology;CESifo;ECON Institute, Karlsruhe, Germany;Berlin Social Science Center (WZB)
creators_affiliation: University of Bonn, Germany
creators_halaffid: 1002422;441569
title: Information nudges and self control
ispublished: pub
subjects: subjects_ECO
abstract: We study the optimal design of information nudges for present-biased consumers who make sequential consumption decisions without exact prior knowledge of their long-term consequences. For any distribution of risks, there exists a consumer-optimal information nudge that is of cutoff type, recommending abstinence if riskiness is high enough. Depending on the distribution of risks, more or less consumers may have to be sacriced in that they cannot be warned even though they would like to be. Under a stronger bias for the present, the target group receiving a credible warning to abstain must be tightened, but this need not increase the probability of harmful consumption. If some consumers are more strongly present-biased than others, traffic-light nudges turn out to be optimal and, when subgroups of consumers differ sufficiently, the optimal traffic-light nudge is also subgroup-optimal. We finally compare the consumer-optimal nudge with those a health authority or a lobbyist would favor.
date: 2023-04-26
date_type: published
publisher: INFORMS
id_number: 10.1287/mnsc.2022.4428
official_url: http://tse-fr.eu/pub/126839
faculty: tse
divisions: tse
keywords: Nudges
keywords: Information Design
keywords: Present-Biased Preferences
keywords: Self-Control
language: en
has_fulltext: TRUE
doi: 10.1287/mnsc.2022.4428
view_date_year: 2023
full_text_status: public
publication: Management Science
volume: vol. 69
number: n° 4
place_of_pub: Catonsville, MD
pagerange: 2182-2197
refereed: TRUE
issn: 0025-1909
oai_identifier: oai:tse-fr.eu:126839
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hal_url: https://hal.science/hal-04198487
citation:   Mariotti, Thomas <https://www.idref.fr/175120617>, Schweizer, Nikolaus, Szech, Nora and von Wangenheim, Jonas  (2023) Information nudges and self control.    Management Science, vol. 69 (n° 4).  pp. 2182-2197.       
document_url: https://publications.ut-capitole.fr/id/eprint/46210/1/wp_tse_914.pdf