Motivational Goal Bracketing

Alexander Koch and Julia Nafziger

No 4471, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: It is a puzzle why people often evaluate consequences of choices separately (narrow bracketing) rather than jointly (broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals narrowly for motivational reasons. Goals motivate because they serve as reference points that make substandard performance psychologically painful. A broad goal allows high performance in one task to compensate for low performance in the other. This partially insures against the risk of falling short of ones' goal(s), but creates incentives to shirk in one of the tasks. Narrow goals have a stronger motivational force and thus can be optimal. In particular, if one task outcome becomes known before working on the second task, narrow bracketing is always optimal.

Keywords: time inconsistency; self-control; motivational bracketing; multiple tasks; goals; psychology (search for similar items in EconPapers)
JEL-codes: A12 C70 D91 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2009-10
New Economics Papers: this item is included in nep-cbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Published - published in: Journal of Behavioral and Experimental Economics, 2021, 94, 101740

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