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Rheinische Friedrich-Wilhelms-Universität Bonn >
Bonn Graduate School of Economics (BGSE), Universität Bonn >
Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/27164
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Herweg, Fabian | | en_US |
| dc.contributor.author | | Müller, Daniel | | en_US |
| dc.date.accessioned | | 2008-12-10 | | en_US |
| dc.date.accessioned | | 2009-08-06T12:40:55Z | | - |
| dc.date.available | | 2009-08-06T12:40:55Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/27164 | | - |
| dc.description.abstract | | Earlier work has shown that procrastination can be explained by quasihyperbolic discounting. We present a model of effort choice over time that shifts the focus away from completion to performance on a single task. We show that quasi-hyperbolic discounting is detrimental for performance. More intrestingly, we find that being aware of the own self-control problems not necessarily increases performance. Extending this framework to a multi-task model, we show that deadlines help an agent to structure his workload more efficiently, which in turn leads to better performance. Moreover, being restricted by deadlines increases a quasi-hyperbolic discounter's well-being. Thus, we give a theoretical underpinning for recent empirical evidence and numerous casual observations. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Graduate School of Economics Bonn | | en_US |
| dc.relation.ispartofseries | | Bonn econ discussion papers 2008,3 | | en_US |
| dc.subject.jel | | A12 | | en_US |
| dc.subject.jel | | D11 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Effort Choice | | en_US |
| dc.subject.keyword | | Deadlines | | en_US |
| dc.subject.keyword | | (Quasi-) Hyperbolic Discounting | | en_US |
| dc.subject.keyword | | Naiveté | | en_US |
| dc.subject.keyword | | Present-Biased Preferences , Sophistication | | en_US |
| dc.subject.stw | | Leistungsanreiz | | en_US |
| dc.subject.stw | | Zeitökonomik | | en_US |
| dc.subject.stw | | Präferenztheorie | | en_US |
| dc.subject.stw | | Abzinsung | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.title | | On the value of deadlines | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 58767833X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn
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