Title :

Pay all subjects or pay only some? An experiment on decision-making under risk and ambiguity

Author(s) :

Aydogan, Ilke [Auteur]
IÉSEG School Of Management [Puteaux]
Lille économie management - UMR 9221 [LEM]
Berger, Loic [Auteur]
IÉSEG School Of Management [Puteaux]
Centro Euro-Mediterraneo per i Cambiamenti Climatici [Bologna] [CMCC]
Lille économie management - UMR 9221 [LEM]
Theroude, Vincent [Auteur]
Bureau d'Économie Théorique et Appliquée [BETA]

English keyword(s) :

Experimental methodology
Payment methods
Incentives
Ambiguity elicitation

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

We investigate the validity of a double random incentive system where only a subset of subjects is paid for one of their choices. By focusing on individual decision-making under risk and ambiguity, we show that using either ...
Show more >We investigate the validity of a double random incentive system where only a subset of subjects is paid for one of their choices. By focusing on individual decision-making under risk and ambiguity, we show that using either a standard random incentive system, where all subjects are paid, or a double random system, where only 10% of subjects are paid, yields similar preference elicitation results. These findings suggest that adopting a double random incentive system could significantly reduce experimental costs and logistic efforts, thereby facilitating the exploration of individual decision-making in larger-scale and higher-stakes experiments.Show less >

Language :

Anglais

ANR Project :

Décisions Environnementales en Situation de Risque et d'Ambiguïté

Collections :

• Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL