Impatience versus Incentives
نویسندگان
چکیده
منابع مشابه
Impatience vs. Incentives
This paper studies the long-run dynamics of Pareto-optimal self-enforcing contracts in a repeated principal-agent framework with differential discounting. In such a setting, impatience concerns encourage contracts to favor the patient player in the long run and incentive concerns encourage contracts to favor the agent in the long run. When these two forces are aligned or one is relatively stron...
متن کاملStrategic Impatience in Go/NoGo versus Forced-Choice Decision-Making
Two-alternative forced choice (2AFC) and Go/NoGo (GNG) tasks are behavioral choice paradigms commonly used to study sensory and cognitive processing in choice behavior. While GNG is thought to isolate the sensory/decisional component by eliminating the need for response selection as in 2AFC, a consistent tendency for subjects to make more Go responses (both higher hits and false alarm rates) in...
متن کاملGroup Incentives versus Individual Incentives in Knowledge Management System
The existence of an optimal level of knowledge sharing has often been identified as a prime antecedent of effective knowledge management. Organizations often devote much effort towards ensuring an adequate level of knowledge sharing between members of their organization, and tend to rely on incentive systems, also referred to as ‘extrinsic benefits’, to encourage this. While developing incentiv...
متن کاملRational Impatience?
This paper introduces a life-cycle model where impatience, instead of being driven by an exogenous discount function, results from the combination of risk aversion and mortality risks. Opting for such a formulation provides novel views on the impact of longevity extension on welfare, saving behavior and capital accumulation. In particular, we show that longevity extension may have much larger i...
متن کاملProcrastination and Impatience
We use a combination of lab and field evidence to study whether highly-impatient individuals are more likely to procrastinate. To measure impatience, we elicit individual discount rates by giving participants choices between smaller-sooner and larger-later rewards. To measure procrastination, we record how fast participants complete three tasks: an online game, their application to the universi...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Econometrica
سال: 2015
ISSN: 0012-9682
DOI: 10.3982/ecta11473