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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...
Persistent link: https://www.econbiz.de/10010257601
model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs …
Persistent link: https://www.econbiz.de/10012258291
function exhibits declining, constant or increasing impatience. The third function, the generating function, links the speedup …
Persistent link: https://www.econbiz.de/10012920859
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
The behavioural finance literature attributes the persistent market misvaluation observed in real data to the presence of deviations from rational thinking of the actors involved. Cognitive biases and the use of simple heuristics can be described using expected utility maximising agents that...
Persistent link: https://www.econbiz.de/10013161531
We set up a lifecycle model of a retired scholar who chooses optimally the time devoted to different activities including physical activity, continued work and social engagement. While time spent in physical activity increases life expectancy, continued scientific publications increases the...
Persistent link: https://www.econbiz.de/10011992739
effect, delay-speedup asymmetry, apparent intransitivity of time preferences, and non-additivity of time discounting. We …
Persistent link: https://www.econbiz.de/10012723859
We establish a class of fully nonlinear conditional expectations. Similarly to the usage of linear expectations when a probabilistic description of uncertainty is present, we observe analogue quantitative and qualitative properties. The type of nonlinearity captures the agents sentiments of...
Persistent link: https://www.econbiz.de/10010477162
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time … relate to altruism and to impatience and we reason that long-lived dynasties will be characterized by a higher degree of … altruism and a lower degree of impatience than short-lived dynasties. …
Persistent link: https://www.econbiz.de/10010292746
impatience of one standard deviation increases the probability of experiencing divorce by almost one percentage point. Our …
Persistent link: https://www.econbiz.de/10010222260