Keyword: self-control
Doing It Now or Later (8/20/1999)
People who believe that they will procrastinate when faced with immediate costs and prematurely appropriate immediate rewards may counteract this tendency sometimes to their own benefits.
Keywords: addiction, costs, misbehave, naive, present bias, present-bias, procrastinate, procrastination, rewards, self control, self-control, smoking, sophisticated, time inconsistency
Not Now, Later! (8/19/2009)
Self-control overcomes the present-bias effect and can be enhanced through learning or external cues. -
Keywords: 401(K), default position, delayed gratification, marshmallow, present-bias effect, self-control