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In a continuous time life cycle model of consumption with uncertain lifetime and no ''pure time preference", we use a …
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The choice between performing a task today or procrastinating it until tomorrow or later is the building block of any economic action. In our paper we aim to enrich the theoretical literature on procrastination by outlining conditions for bad and good procrastination and looking at the special...
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makers evaluate an outcome according to the extra utility it generates on top of expected baseline consumption, which can be … interpreted as the status quo. Thus, deviations from stationarity can be driven by expected changes in baseline consumption, and …
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