I’m not sure what to think about them: Confronting naive present bias in a dynamic threshold public goods game

Joshua Gans and Peter Landry

Journal of Economic Behavior & Organization, 2022, vol. 197, issue C, 195-204

Abstract: This paper explores the implications of naive present bias in a simple, dynamic threshold public goods game. Our analysis demonstrates how equilibrium behavior and outcomes can be highly dependent on the “direction” with which players reassess their naive prior beliefs (including higher-order beliefs) regarding both players’ present biases. In some situations, a naive player may actually become more inclined to exert effort in pursuit of a future reward upon discovering their own present bias.

Keywords: Hyperbolic discounting; Present bias; Motivation; Procrastination; Group production; Higher-order beliefs; Threshold public goods (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:197:y:2022:i:c:p:195-204

DOI: 10.1016/j.jebo.2022.02.022

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