Why Do We Procrastinate? Present Bias and Optimism
Matthew Gibson and
No 2019-15, Department of Economics Working Papers from Department of Economics, Williams College
A large body of research has shown that procrastination can have significant adverse effects on individuals, including lower savings and poorer health. Such procrastination is typically modeled as the result of present bias. In this paper we study an alternative: excessively optimistic beliefs about future demands on an individualâ€™s time. Our experimental results refute the hypothesis that present bias is the sole source of dynamic inconsistency, but they are consistent with optimism. These findings offer an explanation for low takeup of commitment and suggest that personalized information on past choices can mitigate procrastination.
JEL-codes: D15 D84 D90 J22 (search for similar items in EconPapers)
Pages: 49 pages
New Economics Papers: this item is included in nep-cbe, nep-evo and nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://web.williams.edu/Economics/wp/Gibsonpresent_bias_and_optimism.pdf Full text (application/pdf)
Working Paper: Why Do We Procrastinate? Present Bias and Optimism (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wil:wileco:2019-15
Ordering information: This working paper can be ordered from
The price is Free.
Access Statistics for this paper
More papers in Department of Economics Working Papers from Department of Economics, Williams College Williamstown, MA 01267. Contact information at EDIRC.
Bibliographic data for series maintained by Stephen Sheppard ().