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, structural estimations reveal that this is because agents exhibit present bias in own but not in others' consumption. We show … that very similar differences in present bias are observed in the absence of any interpersonal trade-offs, when agents … decide either for themselves or on behalf of another person. At the individual level, we find that present bias in own …
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everybody else or another "unspeci fied" individual is doing, they exhibit a consensus bias (believing that others are similar … shows that not accounting for the biases will typically bias estimates of game-theoretic thinking upwards. …
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