Abstract

http://ssrn.com/abstract=1915467
 


 



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)

May 1, 2010

Columbia Business School Research Paper

Abstract:     
We use a combination of lab and field evidence to study whether preferences for immediacy and the tendency to procrastinate are connected as in O'Donoghue and Rabin (1999a). To measure immediacy, we have participants choose between smaller-sooner and larger-later rewards. Both rewards are paid by check to control for transaction costs. To measure procrastination, we record how fast participants cash their checks and complete other tasks. We find that individuals with a preference for immediacy are more likely to procrastinate. We also find evidence that individuals differ in the degree to which they anticipate their own procrastination.

Number of Pages in PDF File: 42

Keywords: procrastination, impatience, hyperbolic discounting, discount rates

JEL Classification: D01, D03, D90

working papers series


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Date posted: August 24, 2011  

Suggested Citation

Reuben, Ernesto and Sapienza, Paola and Zingales, Luigi, Procrastination and Impatience (May 1, 2010). Columbia Business School Research Paper. Available at SSRN: http://ssrn.com/abstract=1915467 or http://dx.doi.org/10.2139/ssrn.1915467

Contact Information

Ernesto Reuben (Contact Author)
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
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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