{"title":"Spillovers from incentive schemes on distributional preferences and expectations","authors":"Matthias Greiff , Marcus Giamattei","doi":"10.1016/j.socec.2024.102241","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102241","url":null,"abstract":"<div><p>In the workplace, incentive schemes may spill over on distributional preferences and beliefs, which underlie an employee’s willingness to cooperate. In an online experiment, we analyze how different incentive schemes and the corresponding feedback affect distributional preferences and beliefs. In six different treatments, we vary the incentive scheme (competitive vs team incentives) for a real-effort task and the feedback participants receive at the end of the real-effort task. Subsequently, we measure participants’ social value orientation (SVO), a proxy for distributional preferences, and the corresponding beliefs about other’s SVO. If no feedback is provided, participants show stronger SVOs if they are incentivized by team incentives in comparison to piece-rate remuneration. Surprisingly, this positive effect prevails under competitive incentives without feedback. With feedback about relative performance, the spillover effects differ between the incentive schemes. Under competitive incentives, participants show lower SVOs (negative spillovers), but only for low performers. Under team incentives, we find negative spillovers on preferences for high performers and positive spillovers for low performers. We find no evidence for spillovers on beliefs.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S221480432400079X/pdfft?md5=8a64e238acdb62ed62c51c130784b0e0&pid=1-s2.0-S221480432400079X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141325877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Impact of development interventions on individual risk preferences: Evidence from a field-lab experiment and survey data","authors":"Noemi Pace , Silvio Daidone","doi":"10.1016/j.socec.2024.102238","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102238","url":null,"abstract":"<div><p>In rural settings, individual risk preferences represent one of the channels driving the shift from low-return/low-risk activities towards high-return/high-risk activities. This study takes advantage of data collected for the impact evaluation of the Child Grants Programme, an unconditional cash transfer program, and the Sustainable Poverty Reduction through Income, Nutrition and Access to Government Services (SPRINGS) project, a community development package, in rural Lesotho. The paper has two major goals. First, we investigate the effects of the programs on risk preferences measured via laboratory experiments in the field and a survey instrument. Second, we perform a mediation analysis to quantify the extent to which the programs affect risky investment decisions in real life through changes in risk preferences. Results show that the combination of programs decreases risk aversion, partially mediating the impact of the programs on risky agricultural investment decisions in real life.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141285941","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Laura Galdikiene , Jurate Jaraite , Agne Kajackaite
{"title":"Effects of cooperative and uncooperative narratives on trust during the COVID-19 pandemic: Experimental evidence","authors":"Laura Galdikiene , Jurate Jaraite , Agne Kajackaite","doi":"10.1016/j.socec.2024.102246","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102246","url":null,"abstract":"<div><p>To help contain the COVID-19 pandemic, many policymakers and health experts and the media have promoted responsible health behavior by using public narratives highlighting uncooperative behavior, including the lack of social distancing and resistance to various pandemic restrictions and COVID-19 vaccination. However, whether these uncooperative narratives may have detrimental consequences on trust is unclear. Hence, we conducted an online experiment to explore how the exposure to uncooperative and cooperative pandemic narratives affects people's trust in each other. We hypothesized that providing individuals with narratives depicting behaviors that violate (uncooperative narratives) and support pandemic social norms (cooperative narratives) would decrease and increase their trust in others, respectively. We showed that neither of the narratives had any effect on trust.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141325948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Angga Ardiansyah, Tifani Faraziska, Fransiskus Viktor Erlie
{"title":"","authors":"Angga Ardiansyah, Tifani Faraziska, Fransiskus Viktor Erlie","doi":"10.1016/j.socec.2024.102244","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102244","url":null,"abstract":"","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141424061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Risk and time preferences following war evidence from Syrian children","authors":"Zeynep B. Uğur , Salih Doğanay","doi":"10.1016/j.socec.2024.102242","DOIUrl":"10.1016/j.socec.2024.102242","url":null,"abstract":"<div><p>War causes disruption. In this study, we examine risk and time preferences of young children from Syria as they were exposed to the Syrian war. We measure children's risk and time preferences using incentivized games. To discern the effect of the war from other confounding effects, we compare children born in Syria and exposed to the war with children living in the Turkish side of the border and not exposed to the war. We find that conflict affects behavior. After controlling for demographics and cognitive ability, children exposed to the war take more risks. We do not find a significant impact of exposure to the war on time preferences or on impulsivity.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141276662","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do people trust humans more than ChatGPT?","authors":"Joy Buchanan , William Hickman","doi":"10.1016/j.socec.2024.102239","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102239","url":null,"abstract":"<div><p>We explore whether people trust the accuracy of statements produced by large language models (LLMs) versus those written by humans. While LLMs have showcased impressive capabilities in generating text, concerns have been raised regarding the potential for misinformation, bias, or false responses. In this experiment, participants rate the accuracy of statements under different information conditions. Participants who are not explicitly informed of authorship tend to trust statements they believe are human-written more than those attributed to ChatGPT. However, when informed about authorship, participants show equal skepticism towards both human and AI writers. Informed participants are, overall, more likely to choose costly fact-checking. These outcomes suggest that trust in AI-generated content is context-dependent.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141298271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Understanding the mental health-based poverty trap: Dynamics in psychological distress and financial precariousness, and the role of self-efficacy","authors":"Ingebjørg Kristoffersen , Dan Hoang , Ian W. Li","doi":"10.1016/j.socec.2024.102219","DOIUrl":"10.1016/j.socec.2024.102219","url":null,"abstract":"<div><p>A growing body of evidence suggests poor mental health is associated with sub-optimal economic preferences and behaviours. However, much of this evidence is correlational, and this paper aims to address a call for more research on dynamics. We use rich panel data to evaluate within-individual dynamics in financial management and mental health. We observe increased (decreased) difficulty in managing financial affairs following periods of increased (reduced) psychological distress. Importantly, these dynamics occur in the absence of observable changes to objective financial circumstances (i.e. income and wealth shocks), and are robust with respect to a range of alternative approaches to measurement. Further, we show that most of the association between change in psychological distress and change in financial precariousness (concurrently and subsequently) can be attributed to change in self-efficacy. This supports the idea that investment in mental health will yield important additional benefits via the capacity to empower individuals to make better decisions and escape mental health-based poverty-traps.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214804324000570/pdfft?md5=8ec67e9debd625acaa3741b04798634f&pid=1-s2.0-S2214804324000570-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141191798","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Deterrence strength in TV fee enforcement: Field evidence from the Czech Republic","authors":"Kateřina Chadimová","doi":"10.1016/j.socec.2024.102245","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102245","url":null,"abstract":"<div><p>Nudges have been shown to influence behavior across various domains, including tax payments. Although nudges that exploit the deterrence motivation are generally considered most effective, evidence of their effectiveness in terms of the degree of deterrent information included is limited. To address these gaps, we conducted a natural mailing experiment to measure compliance with TV fee payments among a sample of households that failed to respond to an initial communication. In addition to studying the strength of deterrence, our study investigates the impact of treatment timing and content simplification on the compliance rate. The results reveal substantial effects of the strongest deterrent information, resulting in a 25 % increase in the payment registration rate. Treatments with a lower deterrence level did not show improvement from the baseline. We also demonstrate that timing matters, as reminders sent closer to the original response deadline (i.e., earlier) motivate 18 % more households to register for payment. The combined effect of the strongest deterrence and simplification leads to a 59 % increase in registrations. This implies that people are more likely to exhibit compliant behavior when the potential consequences of noncompliance are made more salient, and information is conveyed in a timely and simplified manner.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141480078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Advice and behavior in a dictator game: An experimental study","authors":"Simin He, Xintong Pan","doi":"10.1016/j.socec.2024.102243","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102243","url":null,"abstract":"<div><p>We experimentally examine the effects of advice on decision making in a dictator game in which participants receive no advice, selfish advice, or fair advice before making decisions and the advisors do not benefit from the decision makers’ actions. We find that participants receiving fair advice are more inclined to exhibit fair behavior, whereas those receiving selfish advice are more likely to act selfishly; however, no significant difference in magnitude between the effects of fair and selfish advice is found. We also discover that both types of advice have a more pronounced impact on participants with relatively lower social tendencies, as indicated by the social value orientation test. This study is the first to directly demonstrate the impact of fair and selfish advice in moral dilemmas.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141241724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Algorithmic trading, what if it is just an illusion? Evidence from experimental asset markets","authors":"Sandrine Jacob-Leal , Nobuyuki Hanaki","doi":"10.1016/j.socec.2024.102240","DOIUrl":"https://doi.org/10.1016/j.socec.2024.102240","url":null,"abstract":"<div><p>We experimentally investigate whether and how the potential presence of algorithmic trading (AT) in human-only asset markets can influence humans’ price forecasts, trading activities and price dynamics. Two trading strategies commonly employed by high-frequency traders, spoofing (SP) - associated with market manipulation - and market making (MM) - seen as liquidity provision - are considered. These experiments reveal that, first, the mere expectation of SP traders can, at first, impair price convergence towards fundamentals. Second, the expected presence of AT, especially MM traders, induce larger initial price forecasts deviations from fundamentals. Third, despite the absence of AT in our experiments, the information about the presence of AT, employing MM strategy, is sufficient to alter subjects trading behavior over time and the impact of past realized prices on subjects’ order prices.</p></div>","PeriodicalId":51637,"journal":{"name":"Journal of Behavioral and Experimental Economics","volume":null,"pages":null},"PeriodicalIF":1.6,"publicationDate":"2024-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141304018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}