We study whether and how parents interfere paternalistically in their children’s intertemporal decision-making. Based … on experiments with over 2,000 members of 610 families, we find that parents anticipate their children’s present bias and … aim to mitigate it. Using a novel method to measure parental interference, we show that more than half of all parents are …

social preferences. We find that second born children are typically less patient, less risk averse, and more trusting …. However, siblings’ sex composition interacts importantly with birth order effects. Second born children are more risk taking …