Replication data for: Present Bias and Collective Dynamic Choice in the Lab
- Jackson, Matthew O.
- Yariv, Leeat
AbstractWe 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)
Is supplement to
DOI: 10.1257/aer.104.12.4184 (Text)
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