蝌蚪网 Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
Revealing Na茂vet茅 and Sophistication from Procrastination and Preproperation
蝌蚪网 Journal: Microeconomics
(pp. 402–38)
Abstract
This paper proposes a novel way of distinguishing whether a person is naive or sophisticated about her own dynamic inconsistency using only her task-completion behavior. It shows that adding an unused extra opportunity to complete a task can lead a na茂ve (but not a sophisticated) person to complete it later and can lead a sophisticated (but not a na茂ve) person to complete the task earlier. These results provide a framework for revealing preference and sophistication types from behavior in a general environment that includes that of O'Donoghue and Rabin (1999).Citation
Freeman, David J. 2021. "Revealing Na茂vet茅 and Sophistication from Procrastination and Preproperation." 蝌蚪网 Journal: Microeconomics 13 (2): 402–38. DOI: 10.1257/mic.20170270Additional Materials
JEL Classification
- D15 Intertemporal Household Choice; Life Cycle Models and Saving
- D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making