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Non-monetary incentives in online experiments

Author

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  • Vinogradov, Dmitri
  • Shadrina, Elena

Abstract

Monetary incentives in online experiments are not always easy to implement. Yet online experiments are advantageous in terms of a natural decision-making environment, less stress on participants and a large number of the latter. Can we obtain plausible results from online experiments by using non-monetary incentives like altruism and curiosity? We investigate the role of non-monetary incentives in a simple Ellsberg-type experiment which can be easily compared to similar lab experiments.

Suggested Citation

  • Vinogradov, Dmitri & Shadrina, Elena, 2013. "Non-monetary incentives in online experiments," Economics Letters, Elsevier, vol. 119(3), pages 306-310.
    • Handle: RePEc:eee:ecolet:v:119:y:2013:i:3:p:306-310
    DOI: 10.1016/j.econlet.2013.03.014
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    References listed on IDEAS

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    1. Stefan Trautmann & Ferdinand Vieider & Peter Wakker, 2008. "Causes of ambiguity aversion: Known versus unknown preferences," Journal of Risk and Uncertainty, Springer, vol. 36(3), pages 225-243, June.
    2. Einhorn, Hillel J & Hogarth, Robin M, 1986. "Decision Making under Ambiguity," The Journal of Business, University of Chicago Press, vol. 59(4), pages 225-250, October.
    3. Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2009. "Incentives for subjects in internet experiments," Economics Letters, Elsevier, vol. 105(1), pages 120-122, October.
    4. Daniel Ellsberg, 1961. "Risk, Ambiguity, and the Savage Axioms," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 75(4), pages 643-669.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Dmitri Vinogradov & Yousef Makhlouf, 2021. "Signaling probabilities in ambiguity: who reacts to vague news?," Theory and Decision, Springer, vol. 90(3), pages 371-404, May.
    2. Luccasen, R. Andrew & Thomas, M. Kathleen, 2014. "Monetary incentives versus class credit: Evidence from a large classroom trust experiment," Economics Letters, Elsevier, vol. 123(2), pages 232-235.
    3. Dmitri Vinogradov & Yousef Makhlouf, 2017. "Signaling Probabilities in Ambiguity: on the impact of vague news," Working Papers 2017_12, Business School - Economics, University of Glasgow.
    4. Shadrina, Elena V. & Vinogradov, Dmitri V. & Kashin, Dmitry V., 2022. "Implicit incentives in green public procurement: Good intentions versus rigid regulations," Ecological Economics, Elsevier, vol. 198(C).
    5. Lamla, Michael J. & Vinogradov, Dmitri V., 2019. "Central bank announcements: Big news for little people?," Journal of Monetary Economics, Elsevier, vol. 108(C), pages 21-38.
    6. Burdea, Valeria & Woon, Jonathan, 2022. "Online belief elicitation methods," Journal of Economic Psychology, Elsevier, vol. 90(C).
    7. Oechssler, Jörg & Roomets, Alex, 2015. "A test of mechanical ambiguity," Journal of Economic Behavior & Organization, Elsevier, vol. 119(C), pages 153-162.
    8. Шадрина Е. В. & Виноградов Д. В. & Кашин Д. В., 2021. "Отражение Экологических Приоритетов Государства В Закупочной Деятельности Государственных Организаций," Вопросы государственного и муниципального управления // Public administration issues, НИУ ВШЭ, issue 2, pages 34-60.

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    More about this item

    Keywords

    Incentives; Online experiments; Ellsberg experiment;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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