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|Title:||How much time-inconsistency is there and does it matter? Evidence on self-awareness, size, and effects||Authors:||Wong, W.-K.||Keywords:||Present-biased preferences
|Issue Date:||2008||Citation:||Wong, W.-K. (2008). How much time-inconsistency is there and does it matter? Evidence on self-awareness, size, and effects. Journal of Economic Behavior and Organization 68 (3-4) : 645-656. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jebo.2008.09.005||Abstract:||Using students' predicted and unpredicted delays in midterm preparation as measures of time-inconsistency and self-awareness, this paper shows that time-inconsistent behavior is associated with inferior class performance even after controlling for the actual time spent in preparation. Most students showed some time-inconsistency. Most were at least partially aware of their time-inconsistency. Despite full awareness, the sophisticates still under-performed in class relative to the time-consistent. Furthermore, they might still show over-confidence in their self-evaluation of future class performance. Those naive about future time-inconsistency also under-performed relative to the time-consistent.©2008 Elsevier B.V. All rights reserved.||Source Title:||Journal of Economic Behavior and Organization||URI:||http://scholarbank.nus.edu.sg/handle/10635/19980||ISSN:||01672681||DOI:||10.1016/j.jebo.2008.09.005|
|Appears in Collections:||Staff Publications|
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