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Whose money is it anyway? Using prepaid incentives in experimental economics to create a natural environment

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  • Mosi Rosenboim
  • Tal Shavit

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  • Mosi Rosenboim & Tal Shavit, 2012. "Whose money is it anyway? Using prepaid incentives in experimental economics to create a natural environment," Experimental Economics, Springer;Economic Science Association, vol. 15(1), pages 145-157, March.
  • Handle: RePEc:kap:expeco:v:15:y:2012:i:1:p:145-157
    DOI: 10.1007/s10683-011-9294-4
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    Cited by:

    1. William Morrison and Robert Oxoby, 2010. "Loss Aversion in the Laboratory," LCERPA Working Papers lm0072, Laurier Centre for Economic Research and Policy Analysis, revised 1970.
    2. Zhang, Yu Yvette & Nayga, Rodolfo M. Jr. & Depositario, Dinah Pura T, 2015. "Women and Men are Different but Equal: Observations of Learning Behavior in Auctions," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205699, Agricultural and Applied Economics Association;Western Agricultural Economics Association.
    3. Hochman, Guy & Ayal, Shahar & Ariely, Dan, 2014. "Keeping your gains close but your money closer: The prepayment effect in riskless choices," Journal of Economic Behavior & Organization, Elsevier, vol. 107(PB), pages 582-594.
    4. Astrid Dannenberg & Thomas Riechmann & Bodo Sturm & Carsten Vogt, 2012. "Inequality aversion and the house money effect," Experimental Economics, Springer;Economic Science Association, vol. 15(3), pages 460-484, September.
    5. Rosenboim, Mosi & Shavit, Tal & Cohen, Chen, 2013. "Do bidders require a monetary premium for cognitive effort in an auction?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 42(C), pages 99-105.
    6. Sebastian Lehmann, 2014. "Toward an Understanding of the BDM: Predictive Validity, Gambling Effects, and Risk Attitude," FEMM Working Papers 150001, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
    7. Christoph Bühren & Thorben C. Kundt, 2013. "Worker or Shirker – Who Evades More Taxes? A Real Effort Experiment," MAGKS Papers on Economics 201326, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    8. Christoph Bühren & Thorben C. Kundt, 2015. "Imagine being a nice guy: A note on hypothetical vs. incentivized social preferences," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 10(2), pages 185-190, March.
    9. Marcel Lichters & Marko Sarstedt & Bodo Vogt, 2015. "On the practical relevance of the attraction effect: A cautionary note and guidelines for context effect experiments," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 5(1), pages 1-19, June.
    10. Ruffle, Bradley J. & Tobol, Yossef, 2014. "Honest on Mondays: Honesty and the temporal separation between decisions and payoffs," European Economic Review, Elsevier, vol. 65(C), pages 126-135.
    11. Yaniv, Gideon & Siniver, Erez, 2016. "The (honest) truth about rational dishonesty," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 131-140.
    12. Bradley J. Ruffle & Yossef Tobol, 2013. "Honest On Mondays: Honesty And The Temporal Distance Between Decisions And Payoffs," Working Papers 1301, Ben-Gurion University of the Negev, Department of Economics.
    13. Shavit, Tal & Rosenboim, Mosi & Malul, Miki, 2011. "Opportunity costs in buying and short selling--Do they really matter?," Economics Letters, Elsevier, vol. 112(1), pages 122-124, July.
    14. repec:spr:amsrev:v:5:y:2015:i:1:d:10.1007_s13162-015-0066-8 is not listed on IDEAS
    15. William Morrison, Robert Oxoby, 2016. "Risk Taking, Intertemporal Choice, and Loss Aversion," LCERPA Working Papers 0096, Laurier Centre for Economic Research and Policy Analysis, revised 01 Jul 2016.
    16. Sommarat Chantarat & Sothea Oum & Krislert Samphantharak & Vathana Sann, 2016. "Natural Disasters, Preferences, and Behaviors: Evidence from the 2011 Mega Flood in Cambodia," PIER Discussion Papers 38., Puey Ungphakorn Institute for Economic Research, revised Jul 2016.
    17. repec:gam:jgames:v:9:y:2018:i:1:p:13-:d:134325 is not listed on IDEAS
    18. Malul, Miki & Rosenboim, Mosi & Shavit, Tal, 2013. "So when are you loss averse? Testing the S-shaped function in pricing and allocation tasks," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 101-112.
    19. Halko, Marja Liisa & Kaustia, Markku, 2012. "Are risk preferences dynamic? Within-subject variation in risk-taking as a function of background music," CFS Working Paper Series 2012/09, Center for Financial Studies (CFS).

    More about this item

    Keywords

    Second-price auction; Loss aversion; Trust game; Monetary incentive; Experiment; Financial decision making; Reward; C91; D03;

    JEL classification:

    • C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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