In meta-analysis, the fraction of variance that is due to heterogeneity is
known as I2. We show that the usual estimator of I2 is biased. The bias is
largest when a meta-analysis has few studies and little heterogeneity. For
example, with 7 studies and the true value of I2 at 0, the average estimate of
I2 is .124. Estimates of I2 should be interpreted cautiously when the
meta-analysis is small and the null hypothesis of homogeneity (I2=0) has not
been rejected. In small meta-analyses, confidence intervals may be preferable
to point estimates for I2.Comment: 7 pages + 3 figure