Choice and Procrastination

Choice and Procrastination

2000-06-03 | O'Donoghue, Ted; Rabin, Matthew
This paper, authored by Ted O'Donoghue and Matthew Rabin, explores the phenomenon of procrastination through a model that considers both the choice of tasks and the timing of task completion. Unlike previous models that assume procrastinators only consider a single task, this model allows individuals to choose from a menu of options and partially recognize their self-control problems. The authors find that providing additional attractive options can induce procrastination, as individuals may delay completing beneficial tasks in favor of potentially better but never-to-be-completed options. Additionally, they show that individuals may procrastinate more severely when pursuing important goals compared to unimportant ones. The paper also introduces the concept of partial naivety, where individuals are aware of their future self-control problems but underestimate their magnitude. This model predicts that any degree of naivety can lead to procrastination, even if it is minimal. The authors conclude by discussing the implications of these findings for economic behavior and decision-making.This paper, authored by Ted O'Donoghue and Matthew Rabin, explores the phenomenon of procrastination through a model that considers both the choice of tasks and the timing of task completion. Unlike previous models that assume procrastinators only consider a single task, this model allows individuals to choose from a menu of options and partially recognize their self-control problems. The authors find that providing additional attractive options can induce procrastination, as individuals may delay completing beneficial tasks in favor of potentially better but never-to-be-completed options. Additionally, they show that individuals may procrastinate more severely when pursuing important goals compared to unimportant ones. The paper also introduces the concept of partial naivety, where individuals are aware of their future self-control problems but underestimate their magnitude. This model predicts that any degree of naivety can lead to procrastination, even if it is minimal. The authors conclude by discussing the implications of these findings for economic behavior and decision-making.
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