Contracting with Yourself: Akrasia and Transaction Costs
About this episode
The episode explores the conflict between competing versions of ourselves and how it relates to akrasia and transaction costs.
Send us Fan Mail We start with a simple mystery: how the same person can make a proud plan at night and break it in the morning, even while still believing the plan is good. We connect akrasia, free will, and moral responsibility to transaction costs, treating self-control as a contracting problem between competing versions of ourselves. • Jordan I and Jordan II as a model of divided preferences over time • Hard determinism, libertarian free will, and compatibilism as the main phi...
People in this episode
Host: Michael Munger
Topics covered
- akrasia
- transaction costs
- self-control
- free will
- moral responsibility
- divided preferences
Keywords
- akrasia
- transaction costs
- self-control
- free will
- moral responsibility
- determinism
- preferences
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