Procrastination , partial naivete , and behavioral welfare analysis
نویسندگان
چکیده
This paper has a dual purpose. First, I present a new modeling of partial naivete and apply this to procrastination. The decision maker is partially naive by perceiving that his current preferences may persist in the future. The behavioral implications of such partial naivete differ from those of related literature. Second, I suggest a general principle for welfare analysis in multi-self settings through a new application of Pareto-dominance, which reduces to the usual criterion for intertemporal choice if preferences are time consistent. In the case of procrastination, it leads to a clear welfare conclusion: Being partially naive reduces welfare.
منابع مشابه
Using Information about Naivete to Price Discriminate∗
We study the welfare effects of an increase in firms’ information about consumer naivete in a simple reduced-form model in which competitive firms can introduce distortionary fees that naive consumers ignore when making purchase decisions. We establish that our model captures many markets—including those for credit, banking, hotels, gambling, and mobile phones—in which consumer naivete has been...
متن کاملHabit Formation and Naiveté in Gym Attendance: Evidence from a Field Experiment∗
We extend the gym-attendance study of Charness and Gneezy (2009) by incentivizing subjects to attend the gym for a month, observing their preand post-treatment attendance relative to a control group, and eliciting subjects’ preand post-treatment predictions of their post-treatment attendance. We find a habit formation effect similar to that of Charness and Gneezy in the shortrun, but with subst...
متن کاملImplications of Hyperbolic Discounting for Optimal Pricing and Scheduling of Unpleasant Services That Generate Future Benefits
People tend to lack the self-control to undergo an unpleasant service that would generate future benefits. This paper derives a tractable quasi-hyperbolic discounting model of that behavioral tendency (for a queueing system in which service time is short relative to the time horizon for its benefits). Planning in advance, people may naively overestimate their self-control. This paper shows how ...
متن کاملPsychometric Properties of the Persian Version of the Pure Procrastination Scale (PPS) in students
Background and objective: The aim of this study was to investigate the psychometric properties of the Persian version of the Pure Procrastination Scale (PPS) including reliability, validity, measurement invariance among demographic variables and exploratory and confirmatory factor analysis. Method: In this cross-sectional study, 390 college students from the three universities in Tehran were a...
متن کاملImplications of Hyperbolic Discounting for Optimal Pricing and Scheduling of Unpleasant Services that Generate Future Benets
People tend to lack the self control to undergo an unpleasant service that would generate future bene ts. This paper derives a tractable quasi-hyperbolic discounting model of that behavioral tendency (for queueing systems in which service time is short relative to the time horizon for its bene ts). Planning in advance, people may naively overestimate their self control. This paper shows how cus...
متن کامل