The DOI matches its DataCite record; 30 of the 30 references it cites were found in a registry or an index.
Procrastination and Obedience
Open accessAbstract
-Usual models of economic behavior used in analysis of policy reform assume individualistic values with forward looking rational expectations. These assumptions, while excellent at clarifying economic principles, are not quite realistic in an environment where significant • policy reform is taking place. This environment may be characterized more by individuals changing their minds and behavior as they respond to leadership and now ideas. This research models repeated decisions with time inconsistent behavior. Although each decision results in only small losses, the cumulative effect of a series of repeated errors can be quite large. Policy consequences of this type of behavior are illustrated with examples from • savings, crime, substance abuse, politics and bureaucratic organizations. Courses of action are reinforced by selective elimination of information contrary to that course of action, so that initial psychological overcommitments are reinforced. Limiting initial overcommitment and providing constant, contradictory information are important instruments to avoid the losses which result from procrastination and indoctrination.
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“ya se sabe que se extiende a otras áreas como la laboral(Zhijie et al., 2022) o incluso al hacer tareas cotidianas como ir a la cama a dormir(Kroese et al., 2014), y que sus efectos impactan en diversos indicadores de desarrollo personal y social, incluyendo los económicos(Akerlof, 1991).”
From Uso de redes sociales y procrastinación en estudiantes universitarios: una revisión sistemática (2023) · cites this paper as Akerlof, 1991
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Cited by
Sorted by citations
Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,106
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O’Donoghue, T., & Rabin, M. (1999) · American Economic Review · doi:10.1257/aer.89.1.103 · Cited by 3,055
The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior
Madrian, B. C., & Shea, D. F. (2001) · The Quarterly Journal of Economics · doi:10.1162/003355301753265543 · Cited by 3,119
Metadata
- Authors
- Akerlof, G., & Akerlof, G.
- Venue
- Unknown
- Publisher
- Unknown
- Published
- 1991
- Volume
- 81
- Issue
- 2
- Pages
- 1-19
- OpenAlex
- W1524486083
- Cited by
- 849
- References
- 30
- Citations by year
- 2026: 1 · 2025: 8 · 2024: 13 · 2023: 15 · 2022: 17 · 2021: 38 · 2020: 32 · 2019: 45 · 2018: 49 · 2017: 27 · 2016: 37 · 2015: 41 · 2014: 37 · 2013: 40 · 2012: 27
- FWCI
- 8.41
- Type
- journal article
- Language
- en
- Open access
- green
- ageconsearch.umn.edu
- Locations
- AgEcon Search (University of Minnesota, USA) (submittedVersion)
- American Economic Review (submittedVersion)
- AgEcon Search (University of Minnesota, USA)
- Topics
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Experimental Behavioral Economics Studies
- Social Sciences › Psychology › Applied Psychology › Behavioral Health and Interventions
- Keywords
- procrastination, time inconsistency, policy reform, rational expectations, behavioral economics, indoctrination, saving behavior, crime, substance abuse, political behavior, bureaucratic organization
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