This article explores the differences between marketing and nudges in influencing time preference. Marketing emphasizes immediate gratification, exploiting our lack of self-control, while nudges prioritize future well-being, helping us resist immediate rewards. A behavioral model is developed showing how both use similar tools (prospect framing, choice bracketing, editing framing) to achieve their respective goals: purchase (marketing) or long-term well-being (nudges).
Publisher
Humanities & Social Sciences Communications
Published On
Oct 06, 2023
Authors
Anne Corcos
Tags
marketing
nudges
time preference
behavioral model
immediate gratification
future well-being
self-control
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