Arbeitspapier
Time discounting: The delay effect and procrastinating behavior
The delay effect, that people discount the near future more than the distant future, has not been verified rigorously. An experiment conducted by us in China confirms that, by separating the delay from the interval, the delay effect exists only within a short delay. The results are reliable, because the rewards paid were very large, in order to elicit the subjects' true preferences. The interval and magnitude effects are also confirmed. Finally, subjects' procrastinating behavior, as reported in the questionnaire conducted at the end of the experiment, is explained by the time discount rates and the degree of the delay effect revealed in the experiment.
- Language
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Englisch
- Bibliographic citation
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Series: ISER Discussion Paper ; No. 726
- Classification
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Wirtschaft
Design of Experiments: Laboratory, Individual
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Subject
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discount rate
economic experiment in China
delay effect
naïfs and sophisticates
procrastination
- Event
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Geistige Schöpfung
- (who)
-
Sasaki, Shunichiro
Xie, Shiyu
Ikeda, Shinsuke
Qin, Jie
Tsutsui, Yoshiro
- Event
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Veröffentlichung
- (who)
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Osaka University, Institute of Social and Economic Research (ISER)
- (where)
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Osaka
- (when)
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2008
- Handle
- Last update
-
04.03.2025, 3:21 PM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Sasaki, Shunichiro
- Xie, Shiyu
- Ikeda, Shinsuke
- Qin, Jie
- Tsutsui, Yoshiro
- Osaka University, Institute of Social and Economic Research (ISER)
Time of origin
- 2008