Effectiveness of random payment in Experiments: A meta-Analysis of dictator games

IF 2.5 2区 经济学 Q2 ECONOMICS
Hamza Umer
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引用次数: 2

Abstract

Monetary incentives remain an integral component of economics experiments. However, the experimental economics literature is inconclusive when it comes to the effectiveness of random payment mechanisms, specifically in non-strategic individual decision experiments. To contribute to the literature on incentives in experiments, this study performed a meta-analysis of 94 dictator game studies and examined the effect of two frequently used random payment mechanisms on behavior. The mechanisms analyzed were the random problem selection procedure (RPSP) and between-subject random incentivized system (BRIS). The meta-analysis showed that RPSP and BRIS did not significantly alter behavior when compared to a single incentivized decision and incentivizing all subjects, respectively. The results support the effectiveness of RPSP and BRIS in nonstrategic individual decision experiments.

实验中随机支付的有效性:对独裁者游戏的元分析
货币激励仍然是经济学实验的一个组成部分。然而,当涉及到随机支付机制的有效性时,实验经济学文献是不确定的,特别是在非战略性个人决策实验中。为了对实验中激励机制的文献做出贡献,本研究对94项独裁者游戏研究进行了荟萃分析,并检验了两种常用的随机支付机制对行为的影响。研究机制为随机问题选择程序(RPSP)和主体间随机激励系统(BRIS)。荟萃分析显示,与单一激励决策和激励所有受试者相比,RPSP和BRIS分别没有显著改变行为。结果支持RPSP和BRIS在非战略性个体决策实验中的有效性。
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来源期刊
CiteScore
5.20
自引率
31.40%
发文量
69
审稿时长
63 days
期刊介绍: The Journal aims to present research that will improve understanding of behavioral, in particular psychological, aspects of economic phenomena and processes. The Journal seeks to be a channel for the increased interest in using behavioral science methods for the study of economic behavior, and so to contribute to better solutions of societal problems, by stimulating new approaches and new theorizing about economic affairs. Economic psychology as a discipline studies the psychological mechanisms that underlie economic behavior. It deals with preferences, judgments, choices, economic interaction, and factors influencing these, as well as the consequences of judgements and decisions for economic processes and phenomena. This includes the impact of economic institutions upon human behavior and well-being. Studies in economic psychology may relate to different levels of aggregation, from the household and the individual consumer to the macro level of whole nations. Economic behavior in connection with inflation, unemployment, taxation, economic development, as well as consumer information and economic behavior in the market place are thus among the fields of interest. The journal also encourages submissions dealing with social interaction in economic contexts, like bargaining, negotiation, or group decision-making. The Journal of Economic Psychology contains: (a) novel reports of empirical (including: experimental) research on economic behavior; (b) replications studies; (c) assessments of the state of the art in economic psychology; (d) articles providing a theoretical perspective or a frame of reference for the study of economic behavior; (e) articles explaining the implications of theoretical developments for practical applications; (f) book reviews; (g) announcements of meetings, conferences and seminars.
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