Doing it when others do: a strategic model of procrastination

Cerrone, Claudia ORCID: https://orcid.org/0000-0003-1551-6723 (2021) Doing it when others do: a strategic model of procrastination. Economic Inquiry, 59 (1) . pp. 315-328. ISSN 0095-2583 [Article] (doi:10.1111/ecin.12928)

[img]
Preview
PDF - Published version (with publisher's formatting)
Available under License Creative Commons Attribution 4.0.

Download (228kB) | Preview

Abstract

This paper develops a strategic model of procrastination in which present‐biased agents prefer to perform an onerous task with someone else. This turns their decision of when to perform the task into a procrastination game - a dynamic coordination game between present‐biased players. The model characterizes the conditions under which interaction mitigates or exacerbates procrastination. A procrastinator matched with a worse procrastinator may perform her task earlier than she otherwise would: she wants to avoid the increased temptation that her peer's company would generate. Procrastinators can thus use bad company as a commitment device to mitigate their self‐control problem.

Item Type: Article
Research Areas: A. > Business School > Economics
Item ID: 30771
Notes on copyright: © 2020 The Authors. Economic Inquiry published by Wiley Periodicals LLC on behalf of Western Economic Association International.
This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
Useful Links:
Depositing User: Claudia Cerrone
Date Deposited: 03 Aug 2020 07:35
Last Modified: 02 Mar 2021 15:44
URI: https://eprints.mdx.ac.uk/id/eprint/30771

Actions (login required)

View Item View Item

Statistics

Downloads
Activity Overview
141Downloads
79Hits

Additional statistics are available via IRStats2.