Do Quasi-Hyperbolic Preferences Explain Academic Procrastination? An Empirical Evaluation

Traditional neoclassical thought fails to explain questions such as problems of self-control. Behavioural economics have explained these matters on the basis of the intertemporal preferences of individuals and, specifically, the so-called (β, δ) model which emphasises present bias. This opens the way to the analysis of new situations in which people can adopt incorrect indecisions that make it necessary for the government to intervene. The literature which has developed the (β, δ) model and its implications has generated a categorisation of people that is widely used but which lacks a systematic empirical evaluation. It is important to value the need for this public action. In this article, we develop a method which makes it possible to verify the main implications that this model has to explain the procrastination of university students. Using an experimental time discount task with real monetary incentives, we estimate the students’ β and δ parameters and we analyse their correlation with their answers to a series of questions concerning how they plan to study for an exam. The results are ambiguous given that they back some of the model’s conclusions but reject others, including a number of the most basic ones, such as the relation between present biases and some of the categories of people, these being essential to predict their behaviour

Procrastination in the Workplace: Evidence from the U.S. Patent Office

Despite much theoretical attention to the concept of procrastination and much exploration of this phenomenon in laboratory settings, there remain few empirical investigations into the practice of procrastination in real world contexts, especially in the workplace. In this paper, we attempt to fill these gaps by exploring procrastination among U.S. patent examiners. We find that nearly half of examiners’ first substantive reports are completed immediately prior to the operable deadlines. Moreover, we find a range of additional empirical markers to support that this “end-loading” of reviews results from a model of procrastination rather than various alternative time-consistent models of behavior. In one such approach, we take advantage of the natural experiment afforded by the Patent Office’s staggered implementation of its telecommuting program, a large-scale development that we theorize might exacerbate employee self-control problems due to the ensuing reduction in direct supervision. Supporting the procrastination theory, we estimate an immediate spike in application end-loading and other indicia of procrastination upon the onset of telecommuting. Finally, contributing to a growing empirical literature over the efficiency of the patent examination process, we assess the consequences of procrastination for the quality of the reviews completed by the affected examiners. This analysis suggests that the primary harm stemming from procrastination is delay in the ultimate application process, with rushed reviews completed at deadlines resulting in the need for revisions in subsequent rounds of review. Our findings imply that nearly 1/6 of the annual growth in the Agency’s much-publicized backlog may be attributable to examiner procrastination

Procrastination and Impatience

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 behaviors as the 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 behavior 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 behavior 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.

In Honor of Matthew Rabin: Winner of the John Bates Clark Medal

Although there is some evidence that Matthew Rabin existed before 1990, we had the pleasure of discovering him for ourselves when, in the early 1990s, he sent each of us a copy of his manuscript "Incorporating Fairness into Game Theory and Economics" [2]. Matthew was, at this time, an assistant professor in Berkeley's economics department, having recently finished his graduate training at MIT. The paper was remarkable in many ways, and it induced us both to call around and ask: "Who is this guy Rabin?" Now, just a decade later, we find ourselves writing an article in honor of his winning the John Bates Clark award. So, who is this guy

Dynamic model of procrastination

Procrastination is the notorious tendency to postpone work for tomorrow. This paper presents a formal model of procrastination based on expectations and prospect theory, which differs signficantly from the prevalent model of O’Donoghue and Rabin. Subject is assumed to work on a task for distant reward which depends on the number of periods actually spent working, where the subject faces varying op- portunity costs of working each period before the deadline. In order to assess a hypothesis that procrastination is an evolved and stable habit, the model is rendered dynamic in that past decisions and circumstances affect the present. The model is first explored via qualitative analysis and simulations are performed to further reveal its functionality.procrastination, dynamic inconsistency, intertemporal choice, prospect theory, hyperbolic discounting, expectations

Academic procrastination in non-traditional college students

Introducción. La procrastinación es la acción de retrasar la realización de tareas necesarias, hasta el extremo de generar malestar y perjuicios a los individuos que la protagonizan. La presencia de alumnado no tradicional en las universidades se ha incrementado notablemente en las últimas décadas. Este tipo de estudiantes encuentra dificultades en sus estudios, las cua- les podrían propiciar una mayor incidencia de las conductas procrastinadoras. Para compro- barlo, comparamos los niveles de procrastinación y motivos para procrastinar entre estudian- tes tradicionales y no tradicionales. Método. Utilizamos una muestra de 479 estudiantes colombianos. Los niveles de procrasti- nación y motivos para procrastinar fueron medidos a partir de la Procrastination Assessment Scale – Students (PASS). En el análisis de datos se utilizaron estadísticos descriptivos, análisis factorial exploratorio, prueba t para muestras independientes y d de Cohen. Resultados. Los estudiantes no tradicionales han presentado niveles de procrastinación supe- riores (t=4,412; p<0,001; d=0,459), aunque los motivos para procrastinar no difieren de los aportados por estudiantes tradicionales. El carácter de estudiante no tradicional ha resultado ser una variable relevante en la explicación de la procrastinación académica. Discusión y conclusiones. A partir de estos resultados, se deriva la conveniencia de ofrecer una orientación académica al alumnado no tradicional, con el fin de tratar la procrastinación y reducir así posibles riesgos de bajo rendimiento o abandono en este colectivo estudiantil.Introduction. Procrastination is the act of delaying necessary tasks until the extreme of ex- periencing discomfort and negative consequences to the individuals. The presence of nontra- ditional students at universities is a phenomenon which has increased remarkably over the last decades. This type of university students finds some difficulties during their grade. This could result in a higher prevalence of procrastination behaviors among nontraditional students at university. To test this, our work compares procrastination levels and reasons to procrastinate among traditional and nontraditional students Method. A sample of 479 Colombian college students was used. Procrastination and the rea- sons to procrastinate are measured by the Procrastination Assessment Scale - Students (PASS). The data analysis is based on descriptive statistics, exploratory factorial analysis, t test for independent samples and Coohen’s d. Results. Nontraditional students show higher procrastination levels (t=4,412; p<0,001; d=0,459), although their reasons to procrastinate are similar to those of traditional students. The nontraditional student condition is a demographic variable relevant for explaining aca- demic procrastination. Discussion and Conclusion. These results suggest the convenience of offering academic counselling and guidance to nontraditional students, in order to attend procrastination and reducing that way low achievement or dropout risks

Performance of Procrastinators: On the Value of Deadlines

Earlier work has shown that procrastination can be explained by quasi-hyperbolic discounting. We present a model of effort choice over time that shifts the focus away from completion to performance on a single task. We show that quasi-hyperbolic discounting is detrimental for performance. More intrestingly, we find that being aware of the own self-control problems not necessarily increases performance. Extending this framework to a multi-task model, we show that deadlines help an agent to structure his workload more efficiently, which in turn leads to better performance. Moreover, being restricted by deadlines increases a quasi-hyperbolic discounter's well-being. Thus, we give a theoretical underpinning for recent empirical evidence and numerous casual observations.Effort Choice; Deadlines; (Quasi-) Hyperbolic Discounting; Naiveté; Present-Biased Preferences; Sophistication