@TechReport{iza:izadps:dp3893,
            	author={Koch, Alexander K. and Nafziger, Julia},
            	title={Self-Regulation through Goal Setting},
            	year={2008},
	month={Dec},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={3893},
            	url={https://www.iza.org/publications/dp3893},
	abstract={Goals are an important source of motivation. But little is known about why and how people set them. We address these questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points for performance. ii) Present-biased preferences create self-control problems. We show how goals permit self-regulation, but also that they are painful self-disciplining devices. Greater self-control problems therefore lead to stronger self-regulation through goals only up to a certain point. For severely present-biased preferences, the required goal for self-regulation is too painful and the individual rather gives up.},
	keywords={self-control;time inconsistency;motivation;psychology;goals},
            }