Abstract

http://ssrn.com/abstract=1140950
 
 

References (23)



 


 



Procrastination and Impatience


Ernesto Reuben


Columbia Business School - Management; Institute for the Study of Labor (IZA)

Paola Sapienza


Northwestern University - Kellogg School of Management - Department of Finance; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Luigi Zingales


University of Chicago - Booth School of Business; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR); University of Chicago - Polsky Center for Entrepreneurship; European Corporate Governance Institute (ECGI)

January 2008

CEPR Discussion Paper No. DP6668

Abstract:     
There is a large body of literature documenting both a preference for immediacy and a tendency to procrastinate. O'Donoghue and Rabin (1999a,b, 2001) and Choi et al. (2005) model these behaviours as two faces of the same phenomenon. In this paper, we use a combination of lab, field, and survey evidence to study whether these two types of behaviour are indeed linked. To measure immediacy we had subjects choose between a series of smaller-sooner and larger-later rewards. Both rewards were paid with a check in order to control for transaction costs. To measure procrastination we use the subjects' actual behaviour in cashing the check and completing tasks on time. Our results lend support to the hypothesis that subjects who have a preference for immediacy are indeed more likely to procrastinate.

Number of Pages in PDF File: 44

Keywords: behaviour, impatience, procrastination

JEL Classification: D00, G12

working papers series


Date posted: June 9, 2008  

Suggested Citation

Reuben, Ernesto and Sapienza, Paola and Zingales, Luigi, Procrastination and Impatience (January 2008). CEPR Discussion Paper No. DP6668. Available at SSRN: http://ssrn.com/abstract=1140950

Contact Information

Ernesto Reuben
Columbia Business School - Management ( email )
3022 Broadway
New York, NY 10027
United States

Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
Paola Sapienza (Contact Author)
Northwestern University - Kellogg School of Management - Department of Finance ( email )
Evanston, IL 60208
United States
847-491-7436 (Phone)
847-491-5719 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Luigi Zingales
University of Chicago - Booth School of Business ( email )
5807 S. Woodlawn Avenue
Chicago, IL 60637
United States
773-702-3196 (Phone)
773-834-2081 (Fax)

Chicago Booth School of Business Logo

National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
University of Chicago - Polsky Center for Entrepreneurship
Chicago, IL 60637
United States
European Corporate Governance Institute (ECGI)
c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
HOME PAGE: http://www.ecgi.org
Feedback to SSRN


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References:  23

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