Meta-Analysis of Present-Bias Estimation using Convex Time Budgets
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by
Taisuke Imai, Tom Rutter, Colin Camerer
2019
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 this heterogeneity is the type of reward, either monetary or non-monetary reward, as discussed in the literature, 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.
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Date 2019-05-04
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