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Choice and Procrastination
Abstract:
Recent models of procrastination due to self-control problems
assume that a procrastinator considers just one option and is unaware of
her self-control problems. We develop a model where a person chooses
from a menu of options and is partially aware of her self-control problems.
This menu model replicates earlier results and generatesnew ones. A
person might forego completing an attractive option because she plans to
complete a more attractive but never-to-be-completed option. Hence,
providing non-procrastinator additional options can induce
procrastination, and a person may procrastinate worse pursuing important
goals than unimportant ones.
Introduction
Most of us procrastinate. We delay doing unpleasanttasks that we
wish we would do sooner. Such procrastination can be very costly. We
skip enjoyable events in mid-April because we procrastinate in
completing our taxes; we die young because we procrastinate in quitting
smoking, Starting a diet, or scheduling a medical check-up; and we are
denied tenure because of our own, co-authors ’or, journal referees ’
procrastination.
There is a growing literature in economics that assumes people have
self-control problems, conceited of as a time-inconsistent taste for
immediate gratification. An often discussed implication of such
preferences is procrastination.1 these models of procrastination assume
that a potential procrastinator has only one task under consideration, and
hence the only concern is when the person completes the task. In most
situations, however, a person must decide not only when to complete a
task, but also which task to complete, or how much effort to apply to a
chosen task. If a person must revise a paper for resubmission, she can
either respond
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