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The effects of (incentivized) belief elicitation in public goods experiments

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  • Simon Gächter

    ()

  • Elke Renner

    ()

Abstract

Belief elicitation is an important methodological issue for experimental economists. There are two generic questions: 1) Do incentives increase belief accuracy? 2) Are there interaction effects of beliefs and decisions? We investigate these questions in the case of finitely repeated public goods experiments. We find that belief accuracy is significantly higher when beliefs are incentivized. The relationship between contributions and beliefs is slightly steeper under incentives. However, we find that incentivized beliefs tend to lead to higher contribution levels than either non-incentivized beliefs or no beliefs at all. We discuss the implications of our results for the design of public good experiments.

(This abstract was borrowed from another version of this item.)

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Bibliographic Info

Article provided by Springer in its journal Experimental Economics.

Volume (Year): 13 (2010)
Issue (Month): 3 (September)
Pages: 364-377

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Handle: RePEc:kap:expeco:v:13:y:2010:i:3:p:364-377

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Web page: http://www.springerlink.com/link.asp?id=102888

Related research

Keywords: Incentives; Beliefs; Experimental methodology; Public goods; C 90;

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