Inconsistency in consumer time preferences has been well-established and used to explain seemingly short-sighted behaviors (e.g., failures of self-control). However, prior research has conflated time-inconsistent preferences (discount rates that vary over time) with present bias (greater...

We consider a Stackelberg game in discrete time where a manager (leader) hires an agent (follower) for the completion of a project. The project has two states: either uncompleted or completed. The manager gets a fixed reward upon the completion of the project. At the beginning of each stage...

This paper introduces the matched-bet mechanism. The matched bet is an easily applicable and strictly budget-balanced mechanism that aims to help people overcome time-inconsistent behavior. I show theoretically that offering a matched bet helps both sophisticated and naive procrastinators to...