What is (Myopic) Procrastination In Behavioral Economics?

What is (Myopic) Procrastination?

Myopic procrastination is the pattern of delaying important tasks in favor of smaller, more immediately rewarding activities, driven by a disproportionate preference for present comfort over future benefits.

How it works

It is closely related to present bias and hyperbolic discounting. The costs of the delayed task (a deadline, lost opportunity) feel distant and abstract, while the costs of starting now (effort, discomfort) feel vivid and immediate. As the deadline approaches, the balance flips and people rush to complete the work under pressure.

Applied example

A student who knows an essay is due in three weeks spends the first two weeks on easier assignments and social media, then writes the entire paper in a caffeine-fueled all-nighter, producing worse work than they would have with steady effort.

Why it matters

Understanding procrastination as a predictable consequence of time-inconsistent preferences, rather than laziness, suggests structural interventions like smaller deadlines, pre-commitment devices, and reducing the activation energy needed to start.

Sources and further reading

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