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Research has shown that procrastination has signicant adverse effects on individuals, including lower savings and poorer health. Procrastination is typically modeled as resulting from present bias. In this paper we study an alternative: excessively optimistic beliefs about future demands on an...
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In social and economic interactions, individuals often exploit informational asymmetries and behave dishonestly to pursue private ends. In many of these situations the costs and benefits from dishonest behavior do not accrue immediately and at the same time. In this paper, we experimentally...
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inefficient policy prescriptions and, furthermore, has the particularly undesirable consequence of incorrectly discounting future …
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we use any theory on the discount factor other than its implied moment restrictions. …
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