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Procrastination

The document discusses the economics of procrastination, highlighting theories like time inconsistency and hyperbolic discounting, along with interventions such as commitment devices and nudges. It explores psychological roots like fear of failure and task aversion, and provides study tips for applying these theories to personal habits. General tips include using mnemonics, cross-linking topics, and employing active recall techniques.

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singomillionaire
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2 views

Procrastination

The document discusses the economics of procrastination, highlighting theories like time inconsistency and hyperbolic discounting, along with interventions such as commitment devices and nudges. It explores psychological roots like fear of failure and task aversion, and provides study tips for applying these theories to personal habits. General tips include using mnemonics, cross-linking topics, and employing active recall techniques.

Uploaded by

singomillionaire
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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### **6.

Economics of Procrastination (Behavioral Economics/Psychology)**

**Theories:**

- **Time Inconsistency:** Hyperbolic discounting (prefer immediate rewards).

- **Intervention:** Commitment devices (e.g., StickK app), "nudges" (deadline framing).

**Psychological Roots:** Fear of failure, task aversion.

**Study Tips:**

- Apply theories to personal habits (e.g., study schedules).

- Graph cost-benefit of procrastination vs. productivity.

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**General Tips:**

- Use **mnemonics** for timelines (e.g., "Sun Before Pendulum" for clocks).

- **Cross-link** topics (e.g., VR ethics ↔ Philosophy of Space).

- **Active recall**: Teach concepts to a peer or write summaries without notes.

Adjust based on your course syllabi!

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