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Replication data for: Present Bias and Collective Dynamic Choice in the Lab

Version
1
Resource Type
Dataset
Creator
  • Jackson, Matthew O.
  • Yariv, Leeat
Publication Date
2014-12-01
Description
  • Abstract

    We study collective decisions by time-discounting individuals choosing a common consumption stream. We show that with any heterogeneity in time preferences, utilitarian aggregation necessitates a present bias. In lab experiments three quarters of "social planners" exhibited present biases, and less than two percent were time consistent. Roughly a third of subjects acted as if they were pure utilitarians, and the rest chose as if they also had varying degrees of distributional concerns. (JEL C91, D12, D71, D72)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.104.12.4184 (Text)
Publications
  • Jackson, Matthew O., and Leeat Yariv. “Present Bias and Collective Dynamic Choice in the Lab.” American Economic Review 104, no. 12 (December 2014): 4184–4204. https://doi.org/10.1257/aer.104.12.4184.
    • ID: 10.1257/aer.104.12.4184 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Jackson, Matthew O.; Yariv, Leeat (2014): Replication data for: Present Bias and Collective Dynamic Choice in the Lab. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112719V1