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dc.contributor.authorHerweg, Fabianen_US
dc.contributor.authorMüller, Danielen_US
dc.date.accessioned2008-12-10en_US
dc.date.accessioned2009-08-06T12:40:55Z-
dc.date.available2009-08-06T12:40:55Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/27164-
dc.description.abstractEarlier 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.isoengen_US
dc.publisherGraduate School of Economics Bonnen_US
dc.relation.ispartofseriesBonn econ discussion papers 2008,3en_US
dc.subject.jelA12en_US
dc.subject.jelD11en_US
dc.subject.ddc330en_US
dc.subject.keywordEffort Choiceen_US
dc.subject.keywordDeadlinesen_US
dc.subject.keyword(Quasi-) Hyperbolic Discountingen_US
dc.subject.keywordNaivetéen_US
dc.subject.keywordPresent-Biased Preferences , Sophisticationen_US
dc.subject.stwLeistungsanreizen_US
dc.subject.stwZeitökonomiken_US
dc.subject.stwPräferenztheorieen_US
dc.subject.stwAbzinsungen_US
dc.subject.stwTheorieen_US
dc.titleOn the value of deadlinesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn58767833Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Bonn Econ Discussion Papers, Bonn Graduate School of Economics (BGSE), Universität Bonn

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