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  Doing it when others do: a strategic model of procrastination

Cerrone, C. (2016). Doing it when others do: a strategic model of procrastination.

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Item Permalink: http://hdl.handle.net/11858/00-001M-0000-002A-E3F1-5 Version Permalink: http://hdl.handle.net/21.11116/0000-0003-FDFE-3
Genre: Paper

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 Creators:
Cerrone, Claudia1, Author              
Affiliations:
1Max Planck Institute for Research on Collective Goods, Max Planck Society, ou_2173688              

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Free keywords: -
 JEL: C72 - Noncooperative Games
 JEL: C73 - Stochastic and Dynamic Games; Evolutionary Games; Repeated Games
 JEL: D03 - Behavioral Microeconomics: Underlying Principles
 JEL: D91 - Intertemporal Household Choice; Life Cycle Models and Saving
 Abstract: This paper develops a strategic model of procrastination in which present-biased agents prefer to do an onerous task in the company of someone else. This turns their decision of when to do the task into a procrastination game – a dynamic coordination game between present-biased players. The model characterises the conditions under which interaction mitigates or exacerbates procrastination. Surprisingly, a procrastinator matched with a worse procrastinator may do her task earlier than she otherwise would: she wants to avoid the increased temptation that her peer's company would generate. Procrastinators can thus use bad company as a commitment device to mitigate their self-control problem. Principals can reduce procrastination by matching procrastinators with each other, but the efficient matching may not be stable.

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 Dates: 2016
 Publication Status: Published online
 Pages: 29
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods, Discussion Paper 2016/10
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2016/10
 Degree: -

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