Easy come, easy go - The role of windfall money in lab and field experiments
A growing number of experimental studies focus on the differences between the lab and the field. Important in this issue is the role of windfall money. By conducting a dictator game, where the recipient is a charity organization, in exactly the same way in the laboratory and in the field, we investigate the influence of windfall and earned endowment on behavior. We find a strong effect on donation amounts of earned endowment in the lab and the field. Subjects donate more if the endowment is a windfall gain. Thus, windfall money is important not only in a lab environment. However, even for earned endowment, there is a significant difference in behavior between the lab and the field.
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|Date of creation:||11 Aug 2009|
|Date of revision:|
|Publication status:||Published as Carlsson, Fredrik, Haoran He and Peter Martinsson, 'Easy come, easy go - The role of windfall money in lab and field experiments' in Experimental Economics, 2013, pages 190-207.|
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