The topic of this discussion board is the lecture on the economics of irrationality, procrastination and indecision. Please discuss a way in which you identify with one of the topics in this lecture. As an example, I was recently discussing property taxes with a friend. Home owners are allowed to wait until a specific deadline to pay but have the option of incorporating property tax payments into their mortgage payments. Those who do so lose interest earned but ensure the payments are made on time and avoid the risk of fines for late payments. My friend had missed the deadline and in trying to make a late payment realized he was in arrears for 3 years of missed property tax payments. I mentioned to him Schelling's suggestion about using that moment when his cognitive system was in control to opt-in to the automatic payment plan, and he thought it was a terrific idea. He said he would get to it first thing when he had a free second.

Do you have any personal experience with procrastination or indecision, or some reflections on the discussion about risk-tolerance? Do you have any opinions you would like to share about the various surveys and experiments we took part in for this chapter?

What we are looking for here is participation as we would have if we were in an in-class environment. Students get full marks for making an effort. There is no correct or incorrect response, but there is an expectation of making a reasonable effort to participatein and contribute to the discussion. Above I've provided several topics for students to explore. You don't need to discuss all of them in some kind of list to be checked off as completed. We are just looking for students to contribute some thoughts about these topics.