Motivated by the clock

The telling figure below from an NBER paper (wp) by Allen, Dechov, Pope and Wu has been shared by several people this summer. From data on almost 10 million marathon finishing times, they show how people use their prospective finishing time as motivation to provide more effort and bunch at every 30 min. interval.

Figure 2. Distribution of marathon finishing times-Allen Dechov Pope Wu 2014 Reference-Dependent Preferences- Evidence from Marathon Runners

Figure 2. Distribution of marathon finishing times-Allen Dechov Pope Wu 2014 Reference-Dependent Preferences- Evidence from Marathon Runners

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s