With fall break in front of us and midterms almost behind us, perhaps one of the last things that any student is thinking of right now is the work due after break. You know, that paper that was assigned weeks ago to be turned in the day classes resume? Procrastination is real and we can use economic theory to prove that the phenomenon is a result of rational thinking contrary to the many perceptions of laziness and lack of time management which surround the act of doing work later, rather than sooner. The theory comes from microeconomics and it goes like this. Continue reading Procrastination