Agenda

24 Gen 2019 12:30

Andrej Woerner - Overcoming Time Inconsistency with a Matched Bet: Theory &Evidence from Exercising

Meeting Room 1, Campus San Giobbe, Venezia

Andrej Woerner, University of Amsterdam

ABSTRACT
This paper introduces the matched-bet mechanism. The matched bet is an easily applicable and strictly budget-balanced mechanism that aims to help people overcome time-inconsistent behavior. I show theoretically that offering a matched bet helps both sophisticated and naive procrastinators reduce time-inconsistent behavior. I conduct a field experiment to test the matched-bet mechanism in a natural area of application: exercising. My experimental results confirm the theoretical predictions: offering a matched bet has a significant positive effect on gym attendance. Self-reported procrastinators are significantly more likely to take up the matched bet. Overall, the matched bet proves a promising device to help people exercise more. I discuss how a matched bet could also be implemented in other areas such as academic performance, weight loss and smoking cessation.

Lingua

L'evento si terrà in italiano

Organizzatore

Dipartimento di Economia (JMSeminars)

Link

https://www.andrejwoerner.com/

Allegati

Overcoming Time Inconsistency with a Matched Bet: Theory and Evidence from Exercising 1823 KB

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