Pré-Publication, Document De Travail Année : 2024

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

Résumé

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.

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hal-04669655 , version 1 (09-08-2024)

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  • HAL Id : hal-04669655 , version 1

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Ilke Aydogan, Loïc Berger, Vincent Theroude. Pay all subjects or pay only some? An experiment on decision-making under risk and ambiguity. 2024. ⟨hal-04669655⟩
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