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  Sophisticated and naïve procrastination: an experimental study

Cerrone, C., & Lades, L. K. (2017). Sophisticated and naïve procrastination: an experimental study.

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Item Permalink: http://hdl.handle.net/11858/00-001M-0000-002D-474E-E Version Permalink: http://hdl.handle.net/21.11116/0000-0003-FE00-F
Genre: Paper

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

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Free keywords: procrastination; present-bias; habit formation
 JEL: C70 - General
 JEL: C91 - Laboratory, Individual Behavior
 JEL: D03 - Behavioral Microeconomics: Underlying Principles
 JEL: D91 - Intertemporal Household Choice; Life Cycle Models and Saving
 Abstract: The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of their present-bias (naïve) procrastinate more than individuals who are aware of it (sophisticated) or are not present-biased (time-consistent). This paper tests this prediction. We classify participants into types using a novel measure, and require them to perform a real-effort task on one out of three dates. We find that sophisticated participants perform the task significantly later than naïve participants. Our data suggest that this result may be explained by habit formation.

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 Dates: 2017
 Publication Status: Published online
 Pages: -
 Publishing info: Bonn : Max Planck Institute for Research on Collective Goods, Discussion Paper 2017/8
 Table of Contents: -
 Rev. Type: -
 Identifiers: Other: 2017/08
 Degree: -

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