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

Author

Listed:
  • Taisuke Imai
  • Tom A. Rutter
  • Colin Camerer
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.

Suggested Citation

  • Taisuke Imai & Tom A. Rutter & Colin Camerer, 2019. "Meta-Analysis of Present-Bias Estimation Using Convex Time Budgets," CESifo Working Paper Series 7934, CESifo.
    • Handle: RePEc:ces:ceswps:_7934
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    File URL: https://www.cesifo.org/DocDL/cesifo1_wp7934.pdf
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    Citations

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    Cited by:

    1. Kvarven, Amanda & Strømland, Eirik & Johannesson, Magnus, 2019. "Identification of and Correction for Publication Bias: Comment," MetaArXiv dh87m, Center for Open Science.
    2. Aycinena, Diego & Blazsek, Szabolcs & Rentschler, Lucas & Sprenger, Charles, 2022. "Intertemporal choice experiments and large-stakes behavior," Journal of Economic Behavior & Organization, Elsevier, vol. 196(C), pages 484-500.
    3. Augustynczik, Andrey Lessa Derci & Gutsch, Martin & Basile, Marco & Suckow, Felicitas & Lasch, Petra & Yousefpour, Rasoul & Hanewinkel, Marc, 2020. "Socially optimal forest management and biodiversity conservation in temperate forests under climate change," Ecological Economics, Elsevier, vol. 169(C).

    More about this item

    Keywords

    present bias; structural behavioral economics; meta-analysis; selective reporting;
    All these keywords.

    JEL classification:

    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior

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