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Inconsistent Planning and the Allocation of Tasks Over Time

Author

Listed:
  • Bhatia, Sudeep
  • Crawford, Megan M

    (University of Strathclyde)

  • McDonald, Rebecca Louise
  • Moreno, Miguel A.
  • Read, Daniel

Abstract

We test the hypothesis of inconsistent planning proposed by Strotz (1955). In the laboratory, participants allocated time between ‘work’ and ‘leisure’ tasks, and were offered a commitment device. Original plans tended to delay leisure, and to involve a moderate degree of spreading between work and leisure tasks. Most participants preferred commitment over flexibility. Although most were denied commitment, few altered their plans. Those that did make changes tended to further postpone leisure. We find limited evidence of discounting or impatience, contrary to the predictions of most theoretical models of inconsistent planning. Instead, our results imply a preference for improving sequences.

Suggested Citation

  • Bhatia, Sudeep & Crawford, Megan M & McDonald, Rebecca Louise & Moreno, Miguel A. & Read, Daniel, 2021. "Inconsistent Planning and the Allocation of Tasks Over Time," OSF Preprints b4mg7, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:b4mg7
    DOI: 10.31219/osf.io/b4mg7
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    References listed on IDEAS

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    Cited by:

    1. Akin, Zafer & Yavas, Abdullah, 2023. "Elicited Time Preferences and Behavior in Long-Run Projects," MPRA Paper 117133, University Library of Munich, Germany.

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