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

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  • Simon Gaechter

    ()
    (University of Nottingham)

  • Elke Renner

    ()
    (University of Nottingham)

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.

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Bibliographic Info

Paper provided by The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham in its series Discussion Papers with number 2010-12.

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Date of creation: Jun 2010
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Handle: RePEc:not:notcdx:2010-12

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Keywords: Incentives; beliefs; experimental methodology; public goods;

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