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Created page with "Researchers have defined procrastination as the “present bias in preferences, on account of which agents delay doing unpleasant tasks that they themselves wish they would do sooner”. Present bias (or “hyperbolic discounting”) is the tendency, when considering a trade-off between two future moments, to give more importance to the one which happens sooner. For example, we may disregard the future consequences of an action. This comes into play when I give in to te..."