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Read This Paper Even Later: Procrastination with Time-Inconsistent Preferences AgEcon
Fischer, Carolyn.
Salience costs, along with imperfect foresight, have been used in previous studies to explain procrastination of a one-time task. A companion to this paper, "Read This Paper Later: Procrastination with Time-Consistent Preferences" analyzes the extent to which procrastination of a divisible task is compatible with rational behavior. While the fully rational model explains key qualitative observations, it requires an extremely high rate of time preference or elasticity of intertemporal substitution to generate serious procrastination and cannot explain undesired procrastination at all. This paper investigates the extent to which dynamically inconsistent preferences can better explain such impatience and address the issue of self-control failures. Two types...
Tipo: Working or Discussion Paper Palavras-chave: Procrastination; Natural resource economics; Hyperbolic discounting; Differential discounting; Institutional and Behavioral Economics; Q3; D9; J22; J31.
Ano: 1999 URL: http://purl.umn.edu/10725
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The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management AgEcon
MacAuley, Molly K..
This study, prepared at the request of the Office of Earth Science at the U.S. National Aeronautics and Space Administration (NASA), describes a general framework for conceptualizing the value of information and illustrates how the framework might be used to value information from earth science data collected from space. The framework serves two purposes. One purpose is provision of a common basis by which to conduct and evaluate studies of the value of earth science information that serves a variety of uses, from improving environmental quality to protecting public health and safety. The second purpose is to better inform decision-makers about the value of data and information. Decision-makers comprise three communities: consumers and producers of...
Tipo: Working or Discussion Paper Palavras-chave: Value of information; Earth science; Natural resource economics; Resource /Energy Economics and Policy; O32; O38; Q28.
Ano: 2005 URL: http://purl.umn.edu/10839
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The Waikato River Settlement and Natural Resource Management in New Zealand AgEcon
Steenstra, Alex.
This paper examines the Waikato River Agreement in Principle by considering the implications of accommodating cultural values in natural resource management for the Waikato River and New Zealand. Economics will continue to play an integral part in the management of the Waikato River and natural resources in New Zealand. The settlement provides an opportunity to rethink how to incorporate Maori knowledge, cultural and social relationships, and social, cultural, and economic wellbeing in an integrated, holistic, and coordinated approach.
Tipo: Conference Paper or Presentation Palavras-chave: Water; Cultural values; Natural resource economics; Co-management; Community/Rural/Urban Development; Environmental Economics and Policy; Land Economics/Use; Political Economy.
Ano: 2008 URL: http://purl.umn.edu/96665
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Read This Paper Later: Procrastination with Time-Consistent Preferences AgEcon
Fischer, Carolyn.
A model of time-consistent procrastination is developed to assess the extent to which the observed behavior is compatible with rational behavior. When a finite work requirement must be completed by a deadline, the remaining time for leisure is an exhaustible resource. With a positive rate of time preference, the optimal allocation of this resource results in more hours spent working (and fewer in leisure) the closer the deadline. Key qualitative findings of psychological studies of academic procrastination are consistent with the standard natural resource management principles implied by the model, when suitably adapted to task aversiveness, uncertainty, and multiple deadlines. However, quantitatively, the fully rational model requires an extremely high...
Tipo: Working or Discussion Paper Palavras-chave: Procrastination; Natural resource economics; Resource /Energy Economics and Policy; Q3; D9; J22; D81.
Ano: 1999 URL: http://purl.umn.edu/10590
Registros recuperados: 4
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