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Games 2018, 9(4), 92; https://doi.org/10.3390/g9040092

Call to Action: Intrinsic Motives and Material Interests

Faculty of Economics, University of Cambridge, Austin Robinson Building, Sidgwick Ave, Cambridge CB3 9DD, UK
Received: 30 August 2018 / Revised: 2 November 2018 / Accepted: 6 November 2018 / Published: 14 November 2018
(This article belongs to the Special Issue Social Norms and Games)
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Abstract

We provide a game-theoretic account of endogenous intrinsic motivation within a principal–agent framework. We explore the incentives of an altruistic principal who, by exerting costly effort, can intrinsically motivate a present-biased agent to exhibit a direct preference for more far-sighted behaviour. We characterize the conditions under which this happens. We show that allowing for endogenous intrinsic motivation generates interesting interplays between exogenous economic incentives and endogenous motivation, including the possibility of crowding out. Our model can be applied in a wide variety of contexts, including public policy, self-control, and cultural transmission. View Full-Text
Keywords: endogenous preferences; present bias endogenous preferences; present bias
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Kotsidis, V. Call to Action: Intrinsic Motives and Material Interests. Games 2018, 9, 92.

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