Choice and Procrastination

Ted O' Donoghue and Matthew Rabin.
Authors registered in the RePEc Author Service: Ted O'Donoghue and Matthew Rabin

No E00-281, Economics Working Papers from University of California at Berkeley

Abstract: JEL#: A12, B49, C70, D11, D60, D74, D91, E21 Keywords: choice, naivete, partial naivete, present-biased preferences, procrastination, self control, sophistication, time inconsistency Recent models of procrastination due to self-control problems assume that a procrastinator considers just one option and is unaware of her self-control problems. We develop a model where a person chooses from a menu of options and is partially aware of her self-control problems. This menu model replicates earlier results and generates new ones. A person might forego completing an attractive option because she plans to complete a more attractive but never-to-be-completed option. Hence, providing a non-procrastinator additional options can induce procrastination, and a person may procrastinate worse pursuing important goals than unimportant ones. June 2000

Date: 2000-06-01
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Choice and Procrastination (2001)
Working Paper: Choice and Procrastination (2001)
Working Paper: Choice and Procrastination (2000)
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