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Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive … for this notion of ‘motivated procrastination’. In a longitudinal experiment over four weeks, individuals must complete a … motivated memory, such that procrastination may persist even if uncertainty is eventually resolved. …
Persistent link: https://www.econbiz.de/10014517966
procrastination. The decision maker is assumed to have stationary behavior and to be partially naive in the sense of perceiving that … used elsewhere in game theory. In the case of procrastination, it leads to a clear welfare conclusion: Being partially …
Persistent link: https://www.econbiz.de/10005652351
be dangerous, producing as result that we call “the curse of perfectionism”. Nevertheless procrastination may also have …. We call this case as “productive procrastination”. In this paper we explore all these possibilities and underline …
Persistent link: https://www.econbiz.de/10008560391
these factors and analyse under what conditions procrastination is a bad decision, with negative consequences or, on the … contrary, it is the better choice. We also analyse a particular case of good procrastination, that is when procrastination may … rewarded tasks. We define this case as “productive procrastination”. …
Persistent link: https://www.econbiz.de/10010568856
procrastination and thereby potentially raises prices. By implication, continuous changes in marketing costs can, through a self … procrastination thus emerges as a novel source of competition failure that applies in situations where other theories of competition …
Persistent link: https://www.econbiz.de/10014578272
procrastination and thereby potentially raises prices. By implication, continuous changes in marketing costs can, through a self … procrastination thus emerges as a novel source of competition failure that applies in situations where other theories of competition …
Persistent link: https://www.econbiz.de/10015045453
Buffer-stock versions of the dynamic stochastic optimizing model of saving are now standard in the consumption literature. This paper builds theoretical foundations for rigorous understanding of the main characteristics of buffer stock models, including the existence of a target level of wealth...
Persistent link: https://www.econbiz.de/10010293477
There are two stylised facts, namely weak demand for life-annuities and flat age-wealth profile that contradict the life-cycle hypothesis. In this paper we design a theoretical framework, which combines plausible arguments, which have been put forward in the literature to reconcile theory with...
Persistent link: https://www.econbiz.de/10010294565
Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...
Persistent link: https://www.econbiz.de/10010299187
Creditors, banks and bank regulators should evaluate whether a borrower is likely to default. I apply several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset...
Persistent link: https://www.econbiz.de/10010299829