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.

Sprache
Englisch

Erschienen in
Series: ISER Discussion Paper ; No. 726

Klassifikation
Wirtschaft
Design of Experiments: Laboratory, Individual
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Thema
discount rate
economic experiment in China
delay effect
naïfs and sophisticates
procrastination

Ereignis
Geistige Schöpfung
(wer)
Sasaki, Shunichiro
Xie, Shiyu
Ikeda, Shinsuke
Qin, Jie
Tsutsui, Yoshiro
Ereignis
Veröffentlichung
(wer)
Osaka University, Institute of Social and Economic Research (ISER)
(wo)
Osaka
(wann)
2008

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Sasaki, Shunichiro
  • Xie, Shiyu
  • Ikeda, Shinsuke
  • Qin, Jie
  • Tsutsui, Yoshiro
  • Osaka University, Institute of Social and Economic Research (ISER)

Entstanden

  • 2008

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