a column by Yves Le Yaouanq and Peter Schwardmann for VOX: CEPR’s Policy Portal
Naiveté about one’s lack of self-control can result in costly mistakes. In order to shed his or her naiveté, an individual needs to learn from his or her past lapses in self-control.
This column examines whether people are able to draw the correct inferences from their past behaviour. It reports on experimental evidence that people learn well from their past effort on a task and are able to transport what they learn to new environments. However, they appear to underappreciate how much self-knowledge experience with a task will provide.
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Hazel’s comment:
I really, really needed to read this last week – and take appropriate action.
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