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Choice and Procrastination

Ted O’Donoghue (Cornell University), Matthew Rabin (University of California, Berkeley)

The Quarterly Journal of Economics
DOI: 10.1162/003355301556365 (Decision Sciences)
License: not stated (all rights reserved)

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 generates new ones. A person might forgo completing an attractive option because she plans to complete a more attractive but never-to-be-completed option. Hence, providing a nonprocrastinator additional options can induce procrastination, and a person may procrastinate worse pursuing important goals than unimportant ones.

Published on 01 Feb. 2001