Photo by jrkorpa from unsplash
Abstract The incentives provided to participants are an important aspect in experimental economics. We discuss several aspects of experimental incentives: how they help to recruit subjects; why performance-based incentives can… Click to show full abstract
Abstract The incentives provided to participants are an important aspect in experimental economics. We discuss several aspects of experimental incentives: how they help to recruit subjects; why performance-based incentives can motivate careful decision making, and yet why sometimes experiments without performance-based incentives are also useful; paying for all rounds or only one round in multi-round experiments; paying all subjects or a subset of them; conversion rates of experimental currency to real money; non-monetary incentives; and incentives in field experiments.
Journal Title: Journal of Behavioral and Experimental Finance
Year Published: 2021
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!