Luigi Zingales: belief

Transcript context

…I think so. I think that the ECB has been designed, basically, to have deflation. I don’t think they’re mentally prepared to out deal in this situation. I think that’s a big issue. I’m also struck by some of your work on behavioral economics. I like very much the paper where you take some investors, and instead of showing them Visconti’s The Leopard, you show them a horror movie and you see what happens to the risk premium. There’s another paper I want to ask you about. It’s about impatience and procrastination. It’s often the case the same people who are very impatient and procrastinate — and you give the example of people who were very impatient to get a check — they’ll even settle for a much smaller sum of money to get the check now. Then they get the check, and they don’t cash it or spend it or do anything with it. They get it, and then they procrastinate. What’s the underlying view or model of human behavior that causes impatience and procrastination to go together?…

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