Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/162982
Authors: 
Cerrone, Claudia
Lades, Leonhard K.
Year of Publication: 
2017
Series/Report no.: 
Preprints of the Max Planck Institute for Research on Collective Goods 2017/8
Abstract: 
The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of their present-bias (naïve) procrastinate more than individuals who are aware of it (sophisticated) or are not present-biased (time-consistent). This paper tests this prediction. We classify participants into types using a novel measure, and require them to perform a real-effort task on one out of three dates. We find that sophisticated participants perform the task significantly later than naïve participants. Our data suggest that this result may be explained by habit formation.
Subjects: 
procrastination
present-bias
habit formation
JEL: 
C70
C91
D03
D91
Document Type: 
Working Paper

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