Time Lotteries and Stochastic Impatience

A Stochastic and Dynamic Vehicle Routing Problem with Time Windows and Customer Impatience

In this paper, we study the problem of designing motion strategies for a team of mobile agents, required to fulfill request for on-site service in a given planar region. In our model, each service request is generated by a spatio-temporal stochastic process; once a service request has been generated, it remains active for a certain deterministic amount of time, and then expires. An active servi...

Heterogeneous Impatience in a Continuous-Time Model

In a continuous-time economy with complete markets, we show how the heterogeneity in the individual consumers’ risk attitudes and impatience would affect the representative consumer’s counterparts. Specifically, our formulas tell us how his risk tolerance and impatience will change over time, and how his impatience will be affected by the changes in aggregate consumption levels. Under the assum...

Time-consistent stopping under decreasing impatience

Optimal static priority rules for stochastic scheduling with impatience

We consider a stochastic scheduling problem with impatience to the end of service or impatience to the beginning of service. The impatience of a job can be seen as a stochastic due date. Processing times and due dates are random variables. Jobs are processed on a single machine with the objective to minimize the expected weighted number of tardy jobs in the class of static list scheduling polic...

Procrastination and Impatience

We use a combination of lab and field evidence to study whether highly-impatient individuals are more likely to procrastinate. To measure impatience, we elicit individual discount rates by giving participants choices between smaller-sooner and larger-later rewards. To measure procrastination, we record how fast participants complete three tasks: an online game, their application to the universi...