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Time Costs and Behaviour Across Participant Pools

Author

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  • Gonçalves, Duarte
  • Zarate-Pina, Julen
  • Kneeland, Terri

Abstract

University laboratory samples often produce cleaner experimental data than broader online samples such as Prolific. We examine whether this gap reflects differences in the opportunity cost of time. In an experiment spanning laboratory and online participant pools, we exogenously vary both the cost of deliberation and task complexity. Online participants are faster and less accurate at baseline. Raising time costs in the laboratory lowers accuracy, while reducing the return to answering quickly online improves it. Participant-pool differences arise where deliberation is both costly and productive, linking external validity to experimental design and task complexity.

Suggested Citation

  • Gonçalves, Duarte & Zarate-Pina, Julen & Kneeland, Terri, 2026. "Time Costs and Behaviour Across Participant Pools," CEPR Discussion Papers 21932, Centre for Economic Policy Research.
  • Handle: RePEc:cpr:ceprdp:21932
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    File URL: https://cepr.org/publications/DP21932
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    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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