Present Bias: Lessons Learned and To Be Learned

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 diff...

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Bibliographic Details
Published in:	The American economic review Vol. 105; no. 5; pp. 273 - 279
Main Authors:	O'Donoghue, Ted, Rabin, Matthew
Format:	Journal Article
Language:	English
Published:	Nashville American Economic Association 01.05.2015 American Economic Assoc
Subjects:	Bias Consumption Contextual analysis Discounting Economic behaviour Economic models Economic research Economic theory Economics Economists Empirical research Experiments Intuition Liquidity Modeling Observational research Procrastination Psychologists Research biases Studies TWENTY YEARS OF PRESENT BIAS
ISSN:	0002-8282, 1944-7981
Online Access:	Get full text
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