Jindal School of Management
University of Texas at Dallas
800 W. Campbell Rd. (SM31)
Richardson, TX 75080
Institutional Affiliation: University of Texas, Dallas
Information about this author at RePEc
NBER Working Papers and Publications
|January 2014||Present-Bias, Procrastination and Deadlines in a Field Experiment|
with Alberto Bisin: w19874
We study procrastination in the context of a field experiment involving students who must exert costly effort to complete certain tasks by a fixed deadline. Descriptively, we document a strong demand for commitment, in the form of self-imposed deadlines, which appear to be associated with students' self-reported psychological characteristics and cost of time. We structurally estimate students' present-bias and cost of time by fitting the experimental data to a stylized stopping time choice model. We find that present-bias is relatively widespread but that having multiple repeated tasks appears to activate effective internal self-control mechanisms. Finally, we also document an important form of partial naïveté on the part of students in anticipating their ability to self-control when setti...
|June 2013||Do Lottery Payments Induce Savings Behavior: Evidence from the Lab|
with Emel Filiz-Ozbay, Jonathan Guryan, Melissa Schettini Kearney, Erkut Y. Ozbay: w19130
This paper presents the results of a laboratory experiment designed to investigate whether the option of a Prize Linked Savings (PLS) product alters the likelihood that subjects choose to delay payment. By comparing PLS and standard savings products in a controlled way, we find strong evidence that a PLS payment option leads to greater rates of payment deferral than does a straightforward interest payment option of the same expected value. The appeal of the PLS option is strongest among men, self-reported lottery players, and subjects with low bank account balances. We use the results of our experiment to structurally estimate the parameters of the decision problem governing time preference, risk aversion, and probability weighting. We employ the parameter estimates in a series of policy s...
Published: Journal of Public Economics Volume 126, June 2015, Pages 1–24 Cover image Do lottery payments induce savings behavior? Evidence from the lab ☆ Emel Filiz-Ozbaya, Jonathan Guryanb, c, , , Kyle Hyndmand, Melissa Kearneya, c, Erkut Y. Ozbaya citation courtesy of