In this paper we consider data from a large number of economic experiments, and look for demographic effects that may be a source of subject pool bias if not carefully accounted for in the subsequent statistical analysis. Our dataset contains information on 2,408 subjects and 597 experimental sessions from 74 experiments recorded over more than 2 years at an experimental laboratory. Using different estimation methods and model specifications, we identify the significant demographic determinants of personal earnings, and find that they account for less than 4% of the observed variation. Thus we deliver empirical evidence supporting the experimental method as monetary incentives, and therefore some kind of strategic behavior, seem to be more important than demographics in the laboratory. Exploiting the timeseries nature of the data we also study some dynamic issues of the subject pool: we analyze the factors that influence subjects’ decisions on returning to the laboratory.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by Department of Economic Theory and Economic History of the University of Granada. in its series ThE Papers with number
06/03.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)