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Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential...
Persistent link: https://www.econbiz.de/10014023383
), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …
Persistent link: https://www.econbiz.de/10012118521
for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a …Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive … motivated memory, such that procrastination may persist even if uncertainty is eventually resolved. …
Persistent link: https://www.econbiz.de/10014517966
Traditionally, economic models have attributed procrastination to present bias. However, procrastination may also arise … to complete. This study provides a rigorous empirical test for this notion of `motivated procrastination'. In a … longitudinal experiment over four weeks, individuals have to complete a cumbersome task of unknown length. They are exposed to …
Persistent link: https://www.econbiz.de/10014487122
The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of …
Persistent link: https://www.econbiz.de/10012956187
The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of …
Persistent link: https://www.econbiz.de/10011688383
Recent developments in economic theory model intertemporal choice decisions as problems of restraining one’s natural …
Persistent link: https://www.econbiz.de/10010237286
economic theory, it has been hypothesized that people discount future reward value exponentially. In exponential discounting, a …
Persistent link: https://www.econbiz.de/10014180408
We propose a broadly applicable empirical approach to classify individuals as time-consistent versus naïve or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...
Persistent link: https://www.econbiz.de/10012600894
We propose a broadly applicable empirical approach to classify individuals as time-consistent versus native or sophisticated regarding their self-control limitations. Operationalizing our approach based on nationally representative data reveals that self-control problems are pervasive and that...
Persistent link: https://www.econbiz.de/10012605002