Sophisticated and Naïve Procrastination: An Experimental Study

23 Pages Posted: 17 May 2017

See all articles by Claudia Cerrone

Claudia Cerrone

Max Planck Institute for Research on Collective Goods

Leonhard Lades

UCD

Date Written: May 1, 2017

Abstract

The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of their present-bias (naïve) procrastinate more than individuals who are aware of it (sophisticated) or are not present-biased (time-consistent). This paper tests this prediction. We classify participants into types using a novel measure, and require them to perform a real-effort task on one out of three dates. We find that sophisticated participants perform the task significantly later than naïve participants. Our data suggest that this result may be explained by habit formation.

Keywords: procrastination, present-bias, habit formation

JEL Classification: C70, C91, D03, D91

Suggested Citation

Cerrone, Claudia and Lades, Leonhard, Sophisticated and Naïve Procrastination: An Experimental Study (May 1, 2017). MPI Collective Goods Preprint, No. 2017/08. Available at SSRN: https://ssrn.com/abstract=2969797 or http://dx.doi.org/10.2139/ssrn.2969797

Claudia Cerrone (Contact Author)

Max Planck Institute for Research on Collective Goods ( email )

Kurt Schumacher Str 10
Bonn, 53113
Germany

Leonhard Lades

UCD ( email )

Belfield, Dublin 4 4
Ireland

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