at Google ScholarTitle data
Herweg, Fabian ; Müller, Daniel:
Performance of Procrastinators : On the Value of Deadlines.
In: Theory and Decision.
Vol. 70
(2011)
Issue 3
.
- pp. 329-366.
ISSN 1573-7187
DOI: https://doi.org/10.1007/s11238-010-9195-6
Abstract in another language
Earlier study has shown that procrastination can be explained by quasi-hyperbolic discounting. We present a model of effort choice over time that shifts the focus from completion of to performance on a single task. We find that being aware of the own self-control problems may reduce a person’s performance as well as his or her overall well-being, which is in contrast to the existing literature on procrastination. Extending this framework to a multi-task model, we show that interim deadlines help a quasi-hyperbolic discounter to structure his or her workload more efficiently, which in turn leads to better performance. Moreover, being restricted by deadlines increases a quasi-hyperbolic discounter’s well-being. Thus, we provide a theoretical underpinning for recent empirical evidence and numerous casual observations.
Further data
| Item Type: | Article in a journal |
|---|---|
| Refereed: | Yes |
| Keywords: | Effort choice; Deadlines; (Quasi-) Hyperbolic discounting; Naiveté; Present-biased preferences; Sophistication |
| Subject classification: | JEL A12, D11 |
| Institutions of the University: | Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VIII: International Competition Policy > Chair Economics VIII: International Competition Policy - Univ.-Prof. Dr. Fabian Herweg Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VIII: International Competition Policy |
| Result of work at the UBT: | No |
| DDC Subjects: | 300 Social sciences > 330 Economics |
| Date Deposited: | 11 Feb 2015 08:35 |
| Last Modified: | 20 Oct 2022 07:58 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/6668 |