Procrastination with Variable Present Bias
Published: Jul 21, 2016
Abstract
Individuals working towards a goal often exhibit time inconsistent behavior, making plans and then failing to follow through. One well-known model of such behavioral anomalies is present-bias discounting: individuals over-weight present costs by a bias factor. This model explains many time-inconsistent behaviors, but can make stark predictions in many settings: individuals either follow the most efficient plan for reaching their goal or...
Paper Details
Title
Procrastination with Variable Present Bias
Published Date
Jul 21, 2016
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