From lab to life: Decoding the predictive power of present bias on adolescent self-control behaviors
Xiaomeng Zhang,
Shan Jin,
Xide Chen,
Haolan Li,
Jiarong Wang and
Sibo Yan
Economics Letters, 2024, vol. 235, issue C
Abstract:
This research examines the external validity of laboratory-measured preferences, specifically present bias, in predicting real-life adolescent behaviors. Rooted in the broader debate in experimental economics, we investigate the transferability of lab results, especially in relation to self-control manifestations. Engaging approximately 200 adolescents aged 14 to 19, we assessed present bias through standard intertemporal monetary decisions in a lab setting. Our findings indicate a divergence in the predictive power of laboratory observations. In health-related behaviors, significant correlations were observed between laboratory measurements and BMI, but not with exercise frequency. Meanwhile, academic behaviors such as attendance in self-study courses and late homework submissions were strongly associated. This study sheds light on the nuanced applicability of laboratory-derived preferences in real-world contexts, emphasizing the need for domain-specific considerations.
Keywords: Lab experiment; Real-life behavior; Time preferences; Adolescent (search for similar items in EconPapers)
JEL-codes: C91 D81 D90 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:235:y:2024:i:c:s0165176523005426
DOI: 10.1016/j.econlet.2023.111516
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