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The Role of ( Negative ) Emotions in Self-Control ( Very preliminary and incomplete draft )

We study a dynamic model of emotional self-control where the history of one’s self control decisions (understood as emotions) has influence on subsequent decision making. In our approach, effort and regret are emotional consequences of decisions to resist or succumb to temptation that can affect current payoffs. We describe results of non-stationary consumption paths characterized by compensatory feasting and fasting cycles, the effects of emotional memory and foresight, a last period craving effect in finite time series, and the effects of unexpected temptations and