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We repeatedly elicit beliefs about the returns to study effort, in a large university course. A behavioral model of quasi-hyperbolic discounting and malleable beliefs predicts that the dynamics of beliefs mirrors the importance of exerting self-control, such that believed returns increase as the...
Persistent link: https://www.econbiz.de/10014534276
We designed a commitment savings product for a Philippine bank and implemented it using a randomized control methodology. The savings product was intended for individuals who want to commit now to restrict access to their savings, and who were sophisticated enough to engage in such a mechanism....
Persistent link: https://www.econbiz.de/10010369236
We study in an online, real-effort experiment how the bracketing of non-binding goals affects performance in a work-leisure self-control problem. We externally induce the goal bracket – daily goals or a weekly goal – and within that bracket let subjects set goals for how much they want to...
Persistent link: https://www.econbiz.de/10011744667
We model how people formulate and evaluate goals to overcome self-control problems. People often attempt to regulate their behavior by evaluating goal-related outcomes separately (in narrow psychological accounts) rather than jointly (in a broad account). To explain this evidence, our theory of...
Persistent link: https://www.econbiz.de/10010278795
This paper integrates imperfect self-control into the standard model of endogenous growth. Individuals are conceptualized as dual-selves consisting of a long-run planner and a short-run doer. The long-run self can partly control the short-run self´s strife for immediate gratification. It is...
Persistent link: https://www.econbiz.de/10010327625
, the strength of temptation and the cost of self-control do not affect the extensive margin. Hence, present …
Persistent link: https://www.econbiz.de/10012208002
Procrastination produces harmful effects for human capital investments and studying activities. Using data from a large … sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in … finalizing their university enrolment procedure. We firstly show that procrastination is a strong predictor of students …
Persistent link: https://www.econbiz.de/10010352320
), the procrastination of learning can occur even when the learning cost is zero. The procrastination also leads to a non …
Persistent link: https://www.econbiz.de/10012141898
temptation and self-control to capture an individual who changes her beliefs so as to become more pessimistic as payoff time …
Persistent link: https://www.econbiz.de/10011599389
Traditionally, economic models have attributed procrastination to present bias. However, procrastination may also arise … to complete. This study provides a rigorous empirical test for this notion of `motivated procrastination'. In a … (motivated procrastination) turns out to be robust to accounting for decision-makers' time preferences and emotional responses …
Persistent link: https://www.econbiz.de/10014467805