Intertemporal CHOICES-decisions involving tradeoffs among costs and benefits occurring at
different timesare important and ubiquitous. Such decisions not only affect one's health,
wealth, and happiness, but, may also, as Adam Smith first recognized, determine the ...
T O'donoghue… - American Economic Review, 1999 - JSTOR
We examine self-control problems--modeled as time-inconsistent, present-biased
preferences--in a model where a person must do an activity exactly once. We emphasize
two distinctions: Do activities involve immediate costs or immediate rewards, and are ...
C Camerer, S Issacharoff,
G Loewenstein… - … of Pennsylvania Law …, 2003 - JSTOR
Regulation by the state can take a variety of forms. Some regulations are aimed entirely at
redistribution, such as when we tax the rich and give to the poor. Other regulations seek to
counteract externalities by restricting behavior in a way that imposes harm on an ...
G Loewenstein, T O'Donoghue… - The Quarterly Journal …, 2003 - qje.oxfordjournals.org
Abstract People exaggerate the degree to which their future tastes will resemble their current
tastes. We present evidence from a variety of domains which demonstrates the prevalence
of such projection bias, develop a formal model of it, and use this model to demonstrate its ...
T O'Donoghue… - Quarterly Journal of Economics, 2001 - JSTOR
Recent models of procrastination due to self-control problems assume that a procrastinator
considers just one option and is unaware of her self-control problems. We develop a model
where a person chooses from a menu of options and is partially aware of her self-control ...
T O'Donoghue, S Scotchmer… - Journal of Economics & …, 1998 - Wiley Online Library
In active investment climates where firms sequentially improve each other's products, a
patent can terminate either because it expires or because a non-infringing innovation
displaces its product in the market. We define the length of time until one of these happens ...
T O'Donoghue - The RAND Journal of Economics, 1998 - JSTOR
I investigate patent protection for a long sequence of innovations where firms repeatedly
supersede each other. Incentives for R&D can be insufficient if successful firms earn market
profit only until competitors achieve something better. To correct this problem, patents ...
T O'Donoghue… - The Quarterly Journal of …, 1999 - qje.oxfordjournals.org
Abstract We examine how principals should design incentives to induce time-inconsistent
procrastinating agents to complete tasks efficiently. Delay is costly to the principal, but the
agent faces stochastic costs of completing the task, and efficiency requires waiting when ...
Abstract: The economic conception of human behavior assumes that a person has a single
set of well-defined goals, and that the person's behavior is chosen to best achieve those
goals. We develop a model in which a person's behavior is the outcome of an interaction ...
T O'Donoghue… - Journal of Behavioral Decision Making, 2000 - tinbergen.nl
ABSTRACT People have self-control problems: We pursue immediate gratification in a way
that we ourselves do not appreciate in the long run. Only recently have economists
considered the behavioral and welfare implications of such time-inconsistent preferences. ...
T O'Donoghue… - The American economic review, 2003 - JSTOR
The classical economic approach to policy analysis assumes that people always respond
optimally to the costs and benefits of their available choices. A great deal of evidence
suggests, however, that in some contexts people make errors that lead them not to behave ...
T O'Donoghue… - Journal of Public Economics, 2006 - Elsevier
We investigate “sin taxes” on unhealthy items, such as fatty foods, that people may (by their
own reckoning) consume too much of. We employ a standard optimal-taxation framework,
but replace the standard assumption that all consumers have 100% self control with an ...
TED O'DONOGHUE… - Behavioral dimensions of …, 1999 - books.google.com
For many years economists have hypothesized that people may save too little because they
lack self-control.'Such studies have examined how people who seek immediate gratification
may sacrifice too much future consumption for the sake of current consumption and end ...
M Conlin,
M Lynn… - Journal of economic behavior & …, 2003 - Elsevier
Using survey data, we identify a variety of factors that influence tipping behavior and in the
process lay out a simple theoretical framework to help to interpret our empirical
observations. We first investigate the efficiency of observed tipping behavior. While there ...
T O'Donoghue… - Journal of Economic Growth, 2004 - Springer
This paper examines patent protection in an endogenous-growth model. Our aim is twofold.
First, we show how the patent policies discussed by the recent patent-design literature can
influence R&D in the endogenous-growth framework, where the role of patents has been ...
T O'Donoghue… - Addiction: Entries and exits, 1999 - iew.uzh.ch
Abstract We explore the implications of self-control problems–formalized as a time-
inconsistent taste for immediate gratification–for the consumption of harmful addictive
products. We also examine the implications of whether a person is sophisticated–aware of ...
T O'Donoghue… - 2001 - nber.org
The goal of this volume is to provide an economic analysis of risky behavior among youths,
loosely defined to be behavior by people under age nineteen that might have important
future ramifications. Examples of such behaviors include smoking, drinking, having ...
If you ever have the misfortune to be interrogated, and the experience resembles its
depiction in movies, it is likely that your interrogator will inform you that" we can do this the
easy way or the hard way." The interrogator is telling you, with an economy of words, that ...
T O'Donoghue… - 2002 - escholarship.org
Abstract: We investigate the role that self-control problems—modeled as time-inconsistent,
presentbiased preferences—and a person's awareness of those problems might play in
leading people to develop and maintain harmful addictions. Present-biased preferences ...
T O'Donoghue, M Rabin - Time and Decision: Economic and …, 2003 - books.google.com
JL eople have self-control problems: from a prior perspective, they want to behave relatively
patiently, but as the moment of action approaches, they want to behave relatively
impatiently. 1 While the existence of self-control problems is well established and much ...
M Conlin, T O'Donoghue… - The American Economic Review, 2007 - JSTOR
Evidence suggests that people understand qualitatively how tastes change over time, but
underestimate the magnitudes. This evidence is limited, however, to laboratory evidence or
surveys of reported happiness. We test for such projection bias in field data. Using data on ...
TO Donoghue… - Econometric Society Monographs, 2006 - books.google.com
Abstract We investigate the design of incentives for people subject to self-control problems
in the form of a time-inconsistent taste for immediate gratification. Because such present-
biased people may not behave in their own long-run best interests, there is scope for firms ...
T O'Donoghue… - Journal of Economic Behavior & Organization, 2008 - Elsevier
We investigate naive procrastination on projects with multiple stages. In addition to classic
procrastination in starting projects, naive people might undertake costly effort to begin
projects but then never finish. Procrastination is more likely when the costs of completing ...
[CITATION] Regulation for Conservatives: Behavioral Economics and the Case for'Asymmetric Paternalism'"(2003)
C Camerer, S Issacharoff, G Loewenstein… - U. Pa. L. Rev.
T O'Donoghue… - University of California, Berkeley, 2003 - sticerd.lse.ac.uk
Abstract Economists currently analyze optimal commodity taxation based on the assumption
that people's choices fully reflect their own best interests. In this paper, we extend optimal-
tax theory by studying the welfare effects of “sin taxes” on unhealthy items, such as fatty ...
[CITATION] Animal Spirits: Affective and deliberative influences on economic behavior
G Loewenstein… - Social Science Research Network, 2004
[CITATION] Optimal taxes for sin goods
TO Donoghue, M Rabin - Swedish …, 2005 - ECONOMIC COUNCIL OF SWEDEN
[CITATION] Doing it now or later
M Rabin… - American Economic Review, 1999
[CITATION] Studying Optimal Paternalism
T O'Donoghue… - Illustrated by a Model of Sin Taxes, 2003
CE Löckenhoff, T O'Donoghue… - Psychology and aging, 2011 - psycnet.apa.org
Abstract 1. We examined age differences in temporal discounting, the tendency to devalue
delayed outcomes relative to immediate ones, with particular emphasis on the role of
affective responses. A life-span sample completed an incentive-compatible temporal ...
[CITATION] Animal spirits: Affective and deliberative processes in human behavior
G Loewenstein… - Unpublished manuscript, Cornell University, 2005
[CITATION] Animal Spirits: Affective and Deliberative Processes in Economic Behavior
T O'Donoghue… - 2004
T O'Donoghue, S Scotchmer - Economics Working Papers, 1995 - ideas.repec.org
In active investment climates where firms sequentially improve each other's products, a
patent can terminate either because it expires or because a noninfringing innovation
displaces it in the market. The patent breadth and patent life together determine which of ...
[CITATION] We Can Do This the Easy Way or the Hard Way": Negative Emotions
G Loewenstein… - Self-Regulation, and the Law
[CITATION] Intertemporal choice: a critical view
S Federic, G Loewenstein… - Journal of Economic Literature, 2002
OD Ted… - J. PUB. ECON., 2006 - econ.berkeley.edu
We investigate the welfare effects of—sin taxes “on unhealthy items, such as fatty foods, that
people may (by their own reckoning) consume too much of. The standard economic
approach to taxation a priori assumes that there is no such—over-consumption “, and ...
[CITATION] Now and later: economic and psychological perspectives on intertemporal choice
T O'Donoghue - 2001 - Russell Sage Foundation Press
L Barseghyan, F Molinari, T O'Donoghue… - …, 2010 - papers.ssrn.com
Abstract: We use data on households' deductible choices in auto and home insurance to
estimate a structural model of risky choice that incorporates" standard" risk aversion
(concave utility over final wealth), loss aversion, and nonlinear probability weighting. Our ...
OD Ted… - 2000 - econpapers.repec.org
Recent models of procrastination due to self-control problems assume that a procrastinator
considers just one option and is unaware of her self-control problems. We develop a model
where a person chooses from a menu of options and is partially aware of her self-control ...
[CITATION] Projection Bias in Catalogue Orders
M Colin, T O'Donoghue… - Unpublished working paper, Cornell …, 2004
[CITATION] T., 2007:" Projection Bias in Catalog Orders,"
M Conlin, T O'Donoghue… - American Economic Review
[CITATION] Projection Bias in Catalog Orders
C Mike, T O'Donoghue… - American Economic Review, forthcoming, 2007
[CITATION] The Economics of Tipping: Implicit Contract, Repeated Game and Behavioral Responses
M Conlin, T O'Donoghue… - 1999 - Working Paper, Cornell University
[CITATION] Time discounting and time preference: A critical review. 40: 351–401
S Frederick, G Lewenstein… - 2002 - June
[CITATION] We Can do this the Easy Way or the Hard Way”: Negative Emotions, Self-Regulation, and the Law'(2006)
G Loewenstein… - U. Chicago L. Rev.
[CITATION] Licensing Cumulative Innovations: The Problem of Backloaded Payoffs
T O'DONOGHUE - 1996 - Mimeo, Cornell University
C Camerer, S Issacharoff… - U. Pa. L. …, 2003 - litigation-essentials.lexisnexis.com
... Regulation by the state can take a variety of forms.... Finally, the policy might alter firms'
profits, which we denote by< gki D>< gki P>.... However, we claim that any asymmetrically
paternalistic policy that helps boundedly rational consumers make better choices must, on ...
T O'Donoghue… - 2008 - wwwdocs.fce.unsw.edu.au
Most goods, even most non-durables, are storable for some period of time. Hence, people
have the option to make current purchases for future consumption, and indeed it is optimal to
do so in the face of price variation or non-linear pricing. In a recent series of papers, ...
B Jovanovic, H Hansmann, T O'Donoghue… - Cambridge Univ Press
This section contains an index of current working papers by author-supplied keyword. The keyword
is followed by the name of the primary author. Long keywords have been truncated. A complete
bibliographic listing can be found by consulting the corresponding entry for the primary ...
T O'Donoghue - University of California, Berkeley, 2002 - escholarship.org
Ted O'D0noghue Cornell University Matthew Rabin University of California, Berkeley
February 2002 Keywords: addiction, hyperbolic discounting, naivete, present-biased
preferences, self control, sophistication, time inconsistency
T O'Donoghue… - 2002 - ipersonal.univie.ac.at
Abstract We investigate the role that self-control problems—modeled as time-inconsistent,
present-biased preferences—and a person's awareness of those problems might play in
leading people to develop and maintain harmful addictions. Presentbiased preferences ...
T O'Donoghue… - 2002 - escholarship.org
Ted O'D0noghue Cornell University Matthew Rabin University of California, Berkeley
February 2002 Keywords: addiction, hyperbolic discounting, naivete, present-biased
preferences, self control, sophistication, time inconsistency
T O'Donoghue… - University of California, Berkeley, 1997 - escholarship.org
People are impatient—they like to experience rewards soon and to delay costs until later
Economists almost always capture impatience by assuming that people discount streams of
utility over time exponentially. Such preferences are time-consistent; A person's relative ...
[CITATION] Economics 413 Instructor: P. Mueser Fall 2003
O Gnatyuk, T O'Donoghue… - 2003
OD Ted… - 2000 - econpapers.repec.org
Related works: Chapter: Risky Behavior among Youths: Some Issues from Behavioral Economics
(2001) Working Paper: Risky Behavior Among Youths: Some Issues from Behavioral Economics
(2000) This item may be available elsewhere in EconPapers: Search for items with the ...
L Barseghyan, F Milonari, T O'Donoghue… - ifo.de
Abstract We use data on insurance deductible choices to estimate a structural model of risky
choice that permits" standard" risk aversion, loss aversion, and probability weighting. We
show that loss aversion and probability weighting–though not separately identified without ...
OD Ted… - 2002 - econpapers.repec.org
Previous papers on time-inconsistent procrastination assume projects are completed once
begun. We develop a model in which a person chooses whether and when to complete
each stage of a long-term project. In addition to procrastination in starting a project, a ...
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