Model Perspective
Dec 31, 2024 · Fundamentals
Why Promises Fail: The Psychology of Procrastination and Hyper‑Discounting
The article explores why students (and people in general) repeatedly break promises to complete tasks, linking the phenomenon to time‑inconsistent preferences, hyperbolic discounting, and multi‑task competition that favor immediate rewards over delayed, higher‑value goals.
behavioral economicshyperbolic discountingprocrastination
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