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...

Descripción completa

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
_version_ 1784852091512029184
author Bailey, Nicholas T.
Ramalingam, Abhijit
Stoddard, Brock V.
author_facet Bailey, Nicholas T.
Ramalingam, Abhijit
Stoddard, Brock V.
author_sort Bailey, Nicholas T.
collection PubMed
description 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.
format Online
Article
Text
id pubmed-9758672
institution National Center for Biotechnology Information
language English
publishDate 2022
publisher Springer US
record_format MEDLINE/PubMed
spelling pubmed-97586722022-12-19 Experimental (re-)analysis of the house-money effect in a public goods game Bailey, Nicholas T. Ramalingam, Abhijit Stoddard, Brock V. J Econ Sci Assoc Original Paper 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. Springer US 2022-12-17 2023 /pmc/articles/PMC9758672/ http://dx.doi.org/10.1007/s40881-022-00122-2 Text en © The Author(s), under exclusive licence to Economic Science Association 2022, corrected publication 2023Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. This article is made available via the PMC Open Access Subset for unrestricted research re-use and secondary analysis in any form or by any means with acknowledgement of the original source. These permissions are granted for the duration of the World Health Organization (WHO) declaration of COVID-19 as a global pandemic.
spellingShingle Original Paper
Bailey, Nicholas T.
Ramalingam, Abhijit
Stoddard, Brock V.
Experimental (re-)analysis of the house-money effect in a public goods game
title Experimental (re-)analysis of the house-money effect in a public goods game
title_full Experimental (re-)analysis of the house-money effect in a public goods game
title_fullStr Experimental (re-)analysis of the house-money effect in a public goods game
title_full_unstemmed Experimental (re-)analysis of the house-money effect in a public goods game
title_short Experimental (re-)analysis of the house-money effect in a public goods game
title_sort experimental (re-)analysis of the house-money effect in a public goods game
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9758672/
http://dx.doi.org/10.1007/s40881-022-00122-2
work_keys_str_mv AT baileynicholast experimentalreanalysisofthehousemoneyeffectinapublicgoodsgame
AT ramalingamabhijit experimentalreanalysisofthehousemoneyeffectinapublicgoodsgame
AT stoddardbrockv experimentalreanalysisofthehousemoneyeffectinapublicgoodsgame

Ejemplares similares