Ted O’Donoghue
Biographic Data
| ID | 6540714 |
|---|---|
| NAME | Ted O’Donoghue |
| GIVEN NAMES | Ted |
| FAMILY NAME | O’Donoghue |
| SIGNATURE | O’DONOGHUE T |
| AFFILIATIONS | Cornell University |
| VERIFIED | No |
| TOTAL WORKS | 9 |
| TOTAL CITATIONS | 6 |
| WORKS AS AUTHOR | 9 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 1999 |
| LATEST PUBLICATION YEAR | 2018 |
| H-INDEX | 2 |
Age Effects in Sequence-Construction for a Continuous Cognitive Task
We address potential methodological concerns, discuss theoretical implications, and consider potential real-life applications
Modeling Risk Aversion in Economics
To capture the risk-aversion intuition, the standard approach in economics has been to utilize the model of expected utility, in which risk aversion derives from diminishing marginal utility for wealth (or diminishing marginal utility for aggregate consumption). The expected utility model for risk aversion has been used to derive many important insights. But over the years, economists and psychologists have identified various problematic issues w…
Preferences for Temporal Sequences of Real Outcomes Differ Across Domains but do not Vary by Age
After considering potential methodological limitations, theoretical contributions and implications for real-life decisions are discussed
Projection Bias in Predicting Future Utility
People exaggerate the degree to which their future tastes will resemble their current tastes. We present evidence from a variety of domains which demonstrates the prevalence of such projection bias, develop a formal model of it, and use this model to demonstrate its importance in economic environments. We show that, when people exhibit habit formation, projection bias leads people to consume too much early in life, and to decide, as time passes, …
Regulation for Conservatives
Colin Camerer, Samuel Issacharoff, George Loewenstein, Ted O'Donoghue, Matthew Rabin, Regulation for Conservatives: Behavioral Economics and the Case for "Asymmetric Paternalism", University of Pennsylvania Law Review, Vol. 151, No. 3 (Jan., 2003), pp. 1211-1254
Time Discounting and Time Preference
Choice and Procrastination
Recent models of procrastination due to self-control problems assume that a procrastinator considers just one option and is unaware of her self-control problems. We develop a model where a person chooses from a menu of options and is partially aware of her self-control problems. This menu model replicates earlier results and generates new ones. A person might forgo completing an attractive option because she plans to complete a more attractive bu…
The economics of immediate gratification
People have self-control problems: We pursue immediate gratification in a way that we ourselves do not appreciate in the long run. Only recently have economists considered the behavioral and welfare implications of such time-inconsistent preferences. This paper outlines a simple formal model of self-control problems, applies this model to some specific economic applications, and discusses some general lessons and open questions in the economic an…
Doing It Now or Later
We examine self-control problems—modeled as time-inconsistent, present-biased preferences—in a model where a person must do an activity exactly once. We emphasize two distinctions: Do activities involve immediate costs or immediate rewards, and are people sophisticated or naive about future self-control problems? Naive people procrastinate immediate-cost activities and preproperate—do too soon—immediate-reward activities. Sophistication mitigates…
Modeling Risk Aversion in Economics
To capture the risk-aversion intuition, the standard approach in economics has been to utilize the model of expected utility, in which risk aversion derives from diminishing marginal utility for wealth (or diminishing marginal utility for aggregate consumption). The expected utility model for risk aversion has been used to derive many important insights. But over the years, economists and psychologists have identified various problematic issues w…
Preferences for Temporal Sequences of Real Outcomes Differ Across Domains but do not Vary by Age
After considering potential methodological limitations, theoretical contributions and implications for real-life decisions are discussed
Age Effects in Sequence-Construction for a Continuous Cognitive Task
We address potential methodological concerns, discuss theoretical implications, and consider potential real-life applications
Doing It Now or Later
We examine self-control problems—modeled as time-inconsistent, present-biased preferences—in a model where a person must do an activity exactly once. We emphasize two distinctions: Do activities involve immediate costs or immediate rewards, and are people sophisticated or naive about future self-control problems? Naive people procrastinate immediate-cost activities and preproperate—do too soon—immediate-reward activities. Sophistication mitigates…
The economics of immediate gratification
People have self-control problems: We pursue immediate gratification in a way that we ourselves do not appreciate in the long run. Only recently have economists considered the behavioral and welfare implications of such time-inconsistent preferences. This paper outlines a simple formal model of self-control problems, applies this model to some specific economic applications, and discusses some general lessons and open questions in the economic an…
Choice and Procrastination
Recent models of procrastination due to self-control problems assume that a procrastinator considers just one option and is unaware of her self-control problems. We develop a model where a person chooses from a menu of options and is partially aware of her self-control problems. This menu model replicates earlier results and generates new ones. A person might forgo completing an attractive option because she plans to complete a more attractive bu…
Time Discounting and Time Preference
Projection Bias in Predicting Future Utility
People exaggerate the degree to which their future tastes will resemble their current tastes. We present evidence from a variety of domains which demonstrates the prevalence of such projection bias, develop a formal model of it, and use this model to demonstrate its importance in economic environments. We show that, when people exhibit habit formation, projection bias leads people to consume too much early in life, and to decide, as time passes, …
Regulation for Conservatives
Colin Camerer, Samuel Issacharoff, George Loewenstein, Ted O'Donoghue, Matthew Rabin, Regulation for Conservatives: Behavioral Economics and the Case for "Asymmetric Paternalism", University of Pennsylvania Law Review, Vol. 151, No. 3 (Jan., 2003), pp. 1211-1254
Preferences for Temporal Sequences of Real Outcomes Differ Across Domains but do not Vary by Age
After considering potential methodological limitations, theoretical contributions and implications for real-life decisions are discussed
Age Effects in Sequence-Construction for a Continuous Cognitive Task
We address potential methodological concerns, discuss theoretical implications, and consider potential real-life applications
Modeling Risk Aversion in Economics
To capture the risk-aversion intuition, the standard approach in economics has been to utilize the model of expected utility, in which risk aversion derives from diminishing marginal utility for wealth (or diminishing marginal utility for aggregate consumption). The expected utility model for risk aversion has been used to derive many important insights. But over the years, economists and psychologists have identified various problematic issues w…
Decision-Making and Behavioral Economics (7 works) · Psychology (6 works) · Computer Science (5 works) · Economics (5 works) · Microeconomics (5 works) · Behavioral economics (3 works) · Biology (2 works) · Cognitive psychology (2 works) · Economic and Environmental Valuation (2 works) · Economic theories and models (2 works)