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Do People Stand by their Commitments? Evidence from Classroom Experiments

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Author Info

  • Agnès Festré

    (CRIISEA
    University of Picardie - Jules Verne)

  • Pierre Garrouste

    (GREDEG CNRS
    University of Nice Sophia Antipolis)

Abstract

In this paper we test the fulfillment of commitments in terms of effort made by students under an incentive contract but without strategic interactions. Accordingly it is an experimental contribution to decision theory. The experiments took place in classrooms during class time. Students have to announce a level and realize a level of effort virtually. The two levels of effort can differ and the game is made in such a way that students have interest not the stand by their commitments that to make their two levels of effort different. The results show however that an important percentage of students respect their commitment and that a freezing effect can be identified.

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File URL: http://www.gredeg.cnrs.fr/working-papers/GREDEG-WP-2014-03.pdf
File Function: First version, 2014
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Bibliographic Info

Paper provided by Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis in its series GREDEG Working Papers with number 2014-03.

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Length: 20 pages
Date of creation: Jan 2014
Date of revision:
Handle: RePEc:gre:wpaper:2014-03

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Related research

Keywords: commitment; freezing effect; classroom experiments; level of effort;

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  1. Grossman, Sanford J & Hart, Oliver D, 1986. "The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration," Journal of Political Economy, University of Chicago Press, vol. 94(4), pages 691-719, August.
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  7. Brown, Sarah & McHardy, Jolian & McNabb, Robert & Taylor, Karl, 2011. "Workplace Performance, Worker Commitment and Loyalty," IZA Discussion Papers 5447, Institute for the Study of Labor (IZA).
  8. George A. Akerlof & Rachel E. Kranton, 2005. "Identity and the Economics of Organizations," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 9-32, Winter.
  9. Pettit, Philip, 2005. "Construing Sen On Commitment," Economics and Philosophy, Cambridge University Press, vol. 21(01), pages 15-32, April.
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