Experimental (re-)analysis of the house-money effect in a public goods game

Experiments in economics usually provide subjects with starting capital to be used in the experiment. This practice could affect decisions as there is no risk of loss. This phenomenon is known as the house-money effect. In a repeated public goods game, we test for house-money effects by paying subje...

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Detalles Bibliográficos
Autores principales: Bailey, Nicholas T., Ramalingam, Abhijit, Stoddard, Brock V.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer US 2022
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9758672/
http://dx.doi.org/10.1007/s40881-022-00122-2
Descripción
Sumario:Experiments in economics usually provide subjects with starting capital to be used in the experiment. This practice could affect decisions as there is no risk of loss. This phenomenon is known as the house-money effect. In a repeated public goods game, we test for house-money effects by paying subjects in advance an amount they could lose in the experiment. We do not find evidence of a house-money effect over time. SUPPLEMENTARY INFORMATION: The online version contains supplementary material available at 10.1007/s40881-022-00122-2.

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