Meta-Analysis of Present-Bias Estimation Using Convex Time Budgets

Taisuke Imai, Tom Rutter and Colin Camerer ()
Additional contact information
Taisuke Imai: LMU Munich
Tom Rutter: Stanford University

No 168, Rationality and Competition Discussion Paper Series from CRC TRR 190 Rationality and Competition

Abstract: We examine 220 estimates of the present-bias parameter from 28 articles using the Convex Time Budget protocol. The literature shows that people are on average present biased, but the estimates exhibit substantial heterogeneity across studies. There is evidence of modest selective reporting in the direction of overreporting present-bias. The primary source of the heterogeneity is the type of reward, either monetary or non-monetary reward, but the effect is weakened after correcting for potential selective reporting. In the studies using the monetary reward, the delay until the issue of the reward associated with the \"current\" time period is shown to influence the estimates of present bias parameter.

Keywords: present bias; structural behavioral economics; meta-analysis; selective reporting (search for similar items in EconPapers)
JEL-codes: C91 D90 (search for similar items in EconPapers)
Date: 2019-07-30
New Economics Papers: this item is included in nep-evo
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Meta-Analysis of Present-Bias Estimation using Convex Time Budgets (2021)
Working Paper: Meta-Analysis of Present-Bias Estimation Using Convex Time Budgets (2019)
Working Paper: Meta-Analysis of Present-Bias Estimation Using Convex Time Budgets (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:rco:dpaper:168

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