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Forecasting the Results of Experiments: Piloting an Elicitation Strategy

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  • Stefano DellaVigna
  • Nicholas Otis
  • Eva Vivalt

Abstract

Forecasts of experimental results can clarify the interpretation of research results, mitigate publication bias, and improve experimental designs. We collect forecasts of the results of three Registered Reports preliminarily accepted to the Journal of Development Economics, randomly varying four features: (1) small versus large reference values; (2) whether predictions are in raw units or standard deviations; (3) text-entry versus slider responses; and (4) small versus large slider bounds. Forecasts are generally robust to elicitation features, though wider slider bounds are associated with higher forecasts throughout the forecast distribution. We make preliminary recommendations on how many forecasts should be gathered.

Suggested Citation

  • Stefano DellaVigna & Nicholas Otis & Eva Vivalt, 2020. "Forecasting the Results of Experiments: Piloting an Elicitation Strategy," NBER Working Papers 26716, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberwo:26716
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    1. Stefano DellaVigna & Nicholas Otis & Eva Vivalt, 2020. "Forecasting the Results of Experiments: Piloting an Elicitation Strategy," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 75-79, May.
    2. Stefano DellaVigna & Devin Pope, 2018. "Predicting Experimental Results: Who Knows What?," Journal of Political Economy, University of Chicago Press, vol. 126(6), pages 2410-2456.
    3. Camerer, Colin & Dreber, Anna & Forsell, Eskil & Ho, Teck-Hua & Huber, Jurgen & Johannesson, Magnus & Kirchler, Michael & Almenberg, Johan & Altmejd, Adam & Chan, Taizan & Heikensten, Emma & Holzmeist, 2016. "Evaluating replicability of laboratory experiments in Economics," MPRA Paper 75461, University Library of Munich, Germany.
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    Cited by:

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    2. Bah, Tijan L. & Batista, Catia & Gubert, Flore & McKenzie, David, 2023. "Can information and alternatives to irregular migration reduce “backway” migration from The Gambia?," Journal of Development Economics, Elsevier, vol. 165(C).
    3. Olckers, Matthew, 2021. "On track for retirement?," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 76-88.
    4. Del Carmen,Giselle & Espinal Hernandez,Edgardo Enrique & De Gouvea Scot De Arruda,Thiago, 2022. "Targeting in Tax Compliance Interventions : Experimental Evidence from Honduras," Policy Research Working Paper Series 9967, The World Bank.
    5. Stefano DellaVigna & Nicholas Otis & Eva Vivalt, 2020. "Forecasting the Results of Experiments: Piloting an Elicitation Strategy," AEA Papers and Proceedings, American Economic Association, vol. 110, pages 75-79, May.
    6. Bergemann, Dirk & Ottaviani, Marco, 2021. "Information Markets and Nonmarkets," CEPR Discussion Papers 16459, C.E.P.R. Discussion Papers.
    7. Chadimová, Kateřina & Cahlíková, Jana & Cingl, Lubomír, 2022. "Foretelling what makes people pay: Predicting the results of field experiments on TV fee enforcement," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 100(C).
    8. Yang, Dean & Allen, James & Mahumane, Arlete & Riddell, James & Yu, Hang, 2023. "Knowledge, stigma, and HIV testing: An analysis of a widespread HIV/AIDS program," Journal of Development Economics, Elsevier, vol. 160(C).
    9. Henning Schaak & Jens Rommel & Julian Sagebiel & Jesus Barreiro-Hurlé & Douadia Bougherara & Luigi Cemablo & Marija Cerjak & Tajana Čop & Mikołaj Czajkowski & María Espinosa-Goded & Julia Höhler & Car, 2022. "How Well Can Experts Predict Farmers' Risk Preferences ?," Post-Print hal-03738351, HAL.

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    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements

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