A comparison of salient rewards in experiments: money and class points
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- McClelland, Gary H & Schulze, William D & Coursey, Don L, 1993. "Insurance for Low-Probability Hazards: A Bimodal Response to Unlikely Events," Journal of Risk and Uncertainty, Springer, vol. 7(1), pages 95-116, August.
- Renate Schubert, 1999. "Financial Decision-Making: Are Women Really More Risk-Averse?," American Economic Review, American Economic Association, vol. 89(2), pages 381-385, May.
- Kachelmeier, Steven J & Shehata, Mohamed, 1992. "Examining Risk Preferences under High Monetary Incentives: Experimental Evidence from the People's Republic of China," American Economic Review, American Economic Association, vol. 82(5), pages 1120-1141, December.
- Harrison, Glenn W, 1994. "Expected Utility Theory and the Experimentalists," Empirical Economics, Springer, vol. 19(2), pages 223-253.
- Camerer, Colin F, 1989. "An Experimental Test of Several Generalized Utility Theories," Journal of Risk and Uncertainty, Springer, vol. 2(1), pages 61-104, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Andreas Ortmann, 2003.
"Bertrand Price Undercutting: A Brief Classroom Demonstration,"
The Journal of Economic Education, Taylor & Francis Journals, vol. 34(1), pages 21-26, January.
- Andreas Ortmann, 2002. "Bertrand Price Undercutting: A Brief Classroom Demonstration," CERGE-EI Working Papers wp196, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
- Jamie Brown Kruse & Ozlem Ozdemir & Mark A. Thompson, 2005. "Market Forces and Price Ceilings: A Classroom Experiment," International Review of Economic Education, Economics Network, University of Bristol, vol. 4(2), pages 73-86.
- Amy Moore & Michael Taylor, 2007. "Experimental Economics Research: Is there an alternative to having huge research budgets?," Economics Bulletin, AccessEcon, vol. 3(4), pages 1-6.
- Festré, Agnès, 2018.
"Do people stand by their commitments? Evidence from a classroom experiment,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 76(C), pages 1-6.
- Agnès Festré & Pierre Garrouste, 2014. "Do People Stand by their Commitments? Evidence from Classroom Experiments," GREDEG Working Papers 2014-03, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Agnès Festré, 2018. "Do people stand by their commitments? Evidence from a classroom experiment," Post-Print halshs-01928489, HAL.
- Steve Agnew & Neil Harrison, 2017. "The Role of Gender, Cognitive Attributes and Personality on Willingness to Take Risks," Business and Economic Research, Macrothink Institute, vol. 7(1), pages 1-16, June.
- Luccasen, R. Andrew & Thomas, M. Kathleen, 2014. "Monetary incentives versus class credit: Evidence from a large classroom trust experiment," Economics Letters, Elsevier, vol. 123(2), pages 232-235.
- Strohhecker, Jürgen & Leyer, Michael, 2019. "How stock-flow failure and general cognitive ability impact performance in operational dynamic control tasks," European Journal of Operational Research, Elsevier, vol. 276(3), pages 1044-1055.
- Dinky Daruvala, 2007. "Gender, risk and stereotypes," Journal of Risk and Uncertainty, Springer, vol. 35(3), pages 265-283, December.
- Anwesha Bandyopadhyay & Lutfunnahar Begum & Philip J. Grossman, 2021. "Gender differences in the stability of risk attitudes," Journal of Risk and Uncertainty, Springer, vol. 63(2), pages 169-201, October.
- Gerardo Sabater-Grande & Noemí Herranz-Zarzoso & Aurora García-Gallego, 2024. "The role of monetary incentives and feedback on how well students calibrate their academic performance," Working Papers 2024/01, Economics Department, Universitat Jaume I, Castellón (Spain).
- Andraszewicz, Sandra & Wu, Ke & Sornette, Didier, 2019. "Behavioural effects and market dynamics in field and laboratory experimental asset markets," Economics Discussion Papers 2019-33, Kiel Institute for the World Economy (IfW Kiel).
- Ding, Shuze & Lugovskyy, Volodymyr & Puzzello, Daniela & Tucker, Steven & Williams, Arlington, 2018.
"Cash versus extra-credit incentives in experimental asset markets,"
Journal of Economic Behavior & Organization, Elsevier, vol. 150(C), pages 19-27.
- Steven Tucker & Shuze Ding & Volodymyr Lugovskyy & Daniela Puzzello & Arlington Williams, 2017. "Cash versus Extra-Credit Incentives in Experimental Asset Markets," Working Papers in Economics 17/21, University of Waikato.
- Solnick, Sara J., 2007. "Cash and alternate methods of accounting in an experimental game," Journal of Economic Behavior & Organization, Elsevier, vol. 62(2), pages 316-321, February.
- Negina Kencono Putri & Triani Arofah, 2013. "The Impact of Risk Report Formats on Investment Analyst Decisions: An Experimental Case from Indonesia," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 9(1), pages 89-112.
- repec:ebl:ecbull:v:3:y:2007:i:4:p:1-6 is not listed on IDEAS
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- D. A. Peel & Jie Zhang & D. Law, 2008. "The Markowitz model of utility supplemented with a small degree of probability distortion as an explanation of outcomes of Allais experiments over large and small payoffs and gambling on unlikely outc," Applied Economics, Taylor & Francis Journals, vol. 40(1), pages 17-26.
- Jinkwon Lee, 2007. "Repetition And Financial Incentives In Economics Experiments," Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 628-681, July.
- Guido Baltussen & G. Post & Martijn Assem & Peter Wakker, 2012. "Random incentive systems in a dynamic choice experiment," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 418-443, September.
- Andrea Morone & Ozlem Ozdemir, 2006. "Valuing Protection against Low Probability, High Loss Risks: Experimental Evidence," Papers on Strategic Interaction 2006-34, Max Planck Institute of Economics, Strategic Interaction Group.
- Berg, Joyce E. & Dickhaut, John W. & Rietz, Thomas A., 2010. "Preference reversals: The impact of truth-revealing monetary incentives," Games and Economic Behavior, Elsevier, vol. 68(2), pages 443-468, March.
- Daruvala, Dinky, 2006. "Gender, Risk and Stereotypes," Working Papers in Economics 211, University of Gothenburg, Department of Economics.
- Antoni Bosch-Domènech & Joaquim Silvestre, 2003.
"Do the Wealthy Risk More Money? An Experimental Comparison,"
Discussion Papers
03-15, University of Copenhagen. Department of Economics.
- Joaquim Silvestre & Antoni Bosch-Domènech, 2015. "Do the Wealthy Risk More Money? An Experimental Comparison," Working Papers 10, Barcelona School of Economics.
- Antoni Bosch-Domènech & Joaquim Silvestre, 2003. "Do the eealthy risk more money? An experimental comparison," Economics Working Papers 692, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2005.
- Friedman, Dan & Sunder, Shyam, 2011.
"Risky Curves: From Unobservable Utility to Observable Opportunity Sets,"
Santa Cruz Department of Economics, Working Paper Series
qt36q158jt, Department of Economics, UC Santa Cruz.
- Daniel Friedman & Shyam Sunder, 2011. "Risky Curves: From Unobservable Utility to Observable Opportunity Sets," Cowles Foundation Discussion Papers 1819, Cowles Foundation for Research in Economics, Yale University.
- Henry Stott, 2006. "Cumulative prospect theory's functional menagerie," Journal of Risk and Uncertainty, Springer, vol. 32(2), pages 101-130, March.
- Etchart-Vincent, Nathalie, 2007.
"Expérimentation de laboratoire et économie : contre quelques idées reçues et faux problèmes,"
L'Actualité Economique, Société Canadienne de Science Economique, vol. 83(1), pages 91-116, mars.
- Nathalie Etchart-Vincent, 2007. "Expérimentation de laboratoire et économie :Contre quelques idées reçues et faux problèmes," Post-Print halshs-00004120, HAL.
- Sebastian Oelrich, 2019. "Making regulation fit by taking irrationality into account: the case of the whistleblower," Business Research, Springer;German Academic Association for Business Research, vol. 12(1), pages 175-207, April.
- Ferdinand Vieider, 2011.
"Separating real incentives and accountability,"
Experimental Economics, Springer;Economic Science Association, vol. 14(4), pages 507-518, November.
- Ferdinand M. Vieider, 2008. "Separating Real Incentives and Accountability," Tinbergen Institute Discussion Papers 08-055/1, Tinbergen Institute.
- Peter Wakker & Veronika Köbberling & Christiane Schwieren, 2007. "Prospect-theory’s Diminishing Sensitivity Versus Economics’ Intrinsic Utility of Money: How the Introduction of the Euro can be Used to Disentangle the Two Empirically," Theory and Decision, Springer, vol. 63(3), pages 205-231, November.
- Bayrak, Oben, 2016. "Another Solution for Allais Paradox: Preference Imprecision, Dispersion and Pessimism," MPRA Paper 71780, University Library of Munich, Germany.
- Horst Zank, 2007. "On the Paradigm of Loss Aversion," Economics Discussion Paper Series 0710, Economics, The University of Manchester.
- James Cox & Vjollca Sadiraj & Ulrich Schmidt, 2015.
"Paradoxes and mechanisms for choice under risk,"
Experimental Economics, Springer;Economic Science Association, vol. 18(2), pages 215-250, June.
- Cox, James C. & Sadiraj, Vjollca & Schmidt, Ulrich, 2011. "Paradoxes and mechanisms for choice under risk," Kiel Working Papers 1712, Kiel Institute for the World Economy (IfW Kiel).
- James C. Cox & Vjollca Sadiraj & Ulrich Schmidt, 2011. "Paradoxes and Mechanisms for Choice under Risk," Experimental Economics Center Working Paper Series 2011-07, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University, revised Mar 2014.
- P Brooks & H Zank, 2004. "Attitudes on Gain and Loss Lotteries: A Simple Experiment," Economics Discussion Paper Series 0402, Economics, The University of Manchester.
- Luc Arrondel & André Masson & Daniel Verger, 2004.
"Mesurer les préférences individuelles à l'égard du risque,"
Économie et Statistique, Programme National Persée, vol. 374(1), pages 53-85.
- Luc Arrondel & André Masson & Daniel Verger, 2005. "Mesurer les préférences individuelles à l'égard du risque," Post-Print halshs-00754086, HAL.
- Zhengyi Zhou, 2013. "Impact of Economics Learning on Risk Preferences and Rationality: An Empirical Investigation," The American Economist, Sage Publications, vol. 58(1), pages 4-15, May.
- Botzen, W.J.W. & van den Bergh, J.C.J.M., 2012. "Risk attitudes to low-probability climate change risks: WTP for flood insurance," Journal of Economic Behavior & Organization, Elsevier, vol. 82(1), pages 151-166.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:74:y:2001:i:1:p:113-117. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.