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Increasing Workload in a Stochastic Environment

Author

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  • Philipp Weinschenk

    (Max Planck Institute for Research on Collective Goods)

Abstract

We show that a steeply increasing workload before a deadline is compatible with time-consistent preferences. The key departure from the literature is that we consider a stochastic environment where success of effort is not guaranteed.

Suggested Citation

  • Philipp Weinschenk, 2010. "Increasing Workload in a Stochastic Environment," Discussion Paper Series of the Max Planck Institute for Behavioral Economics 2010_43, Max Planck Institute for Behavioral Economics.
    • Handle: RePEc:mpg:wpaper:2010_43
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    References listed on IDEAS

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    More about this item

    Keywords

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    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory

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