The DOI matches its Crossref record; 21 of the 21 references it cites were found in a registry or an index.
Present Bias: Lessons Learned and To Be Learned
Abstract
While present bias is an old idea, it only took hold in economics following David Laibson's (1994) dissertation. Over the past 20 years, research has led to a much better theoretical understanding of present bias, when and how to apply it, and which ancillary assumptions are appropriate in different contexts. Empirical analyses have demonstrated how present bias can improve our understanding of behavior in various economic field contexts. Nonetheless, there is still much to learn. In this paper, we give our assessment of some lessons learned, and to be learned.
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Cites
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
O'Donoghue, T., & Rabin, M. (1999) · American Economic Review · doi:10.1257/aer.89.1.103 · Cited by 3,121
Self-citationMyopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1955) · The Review of Economic Studies · doi:10.2307/2295722 · Cited by 2,834 · cited 2×
“These papers build on an earlier paper by Strotz (1956) that investigates general time-inconsistent preferences without special focus on the case of present bias.”
BackgroundMyopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1973) · Readings in Welfare Economics · doi:10.1007/978-1-349-15492-0_10 · Cited by 2,743
On Second-Best National Saving and Game-Equilibrium Growth
Phelps, E. S., & Pollak, R. A. (1968) · The Review of Economic Studies · doi:10.2307/2296547 · Cited by 1,448
Anticipation and the Valuation of Delayed Consumption
Loewenstein, G. (1987) · The Economic Journal · doi:10.2307/2232929 · Cited by 1,326
Projection Bias in Predicting Future Utility
Loewenstein, G., O'Donoghue, T., & Rabin, M. (2003) · The Quarterly Journal of Economics · doi:10.1162/003355303322552784 · Cited by 1,117
Self-citationThe Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation
Angeletos, G.-M., Laibson, D., Repetto, A., Tobacman, J., & Weinberg, S. (2001) · Journal of Economic Perspectives · doi:10.1257/jep.15.3.47 · Cited by 1,000
O'Donoghue, T., & Rabin, M. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301556365 · Cited by 944
Self-citation
Cited by
How the Design of YouTube Influences User Sense of Agency
Lukoff, K., Lyngs, U., Zade, H., Liao, J. V., Choi, J., Fan, K., Munson, S. A., & Hiniker, A. (2021) · Proceedings of the 2021 CHI Conference on Human Factors in Computing Systems · doi:10.1145/3411764.3445467 · Cited by 190
Are the poor so present-biased?
Cassidy, R. (2018) · doi:10.1920/wp.ifs.2018.2418 · Cited by 12
Metadata
- Authors
- O'Donoghue, T., & Rabin, M.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2015-05-01
- Volume
- 105
- Issue
- 5
- Pages
- 273-279
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W1914238351
- Cited by
- 289
- References
- 21
- FWCI
- 5.83
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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