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An Analysis on the Experimental Design of “My Money or Yours: House Money Payment Effects"

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  • Abilio Henrique Berticelli de Freitas

Abstract

Considering the expanding usage of experiments in Economics, the present article chooses one published paper in the area, dealing with the house money effect, and analyzes it in a didactic way as concepts relating to the experimental design of lab experiments are evoked and discussed. In order to do so, three sections are outlined. First of all, the house money effect is explained and the article under scrutiny is placed in the context of what had already been done before; secondly, some of the experimental design concepts are summarised and then applied to soundly describe the experimental design of their experiment. Finally, after briefly presenting their results, there is an analytical overview of what has been done after their work and a personal take on possible lines for further research.

Suggested Citation

  • Abilio Henrique Berticelli de Freitas, 2022. "An Analysis on the Experimental Design of “My Money or Yours: House Money Payment Effects"," Journal of Economics and Behavioral Studies, AMH International, vol. 14(3), pages 51-57.
    • Handle: RePEc:rnd:arjebs:v:14:y:2022:i:3:p:51-57
    DOI: 10.22610/jebs.v14i3(J).3322
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    References listed on IDEAS

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    1. Jordi Brandts & Gary Charness, 2011. "The strategy versus the direct-response method: a first survey of experimental comparisons," Experimental Economics, Springer;Economic Science Association, vol. 14(3), pages 375-398, September.
    2. Uri Gneezy & Jan Potters, 1997. "An Experiment on Risk Taking and Evaluation Periods," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 631-645.
    3. Hackinger, Julian, 2016. "Not All Income is the Same to Everyone: Cognitive Ability and the House Money Effect in Public Goods Games," MPRA Paper 70836, University Library of Munich, Germany.
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    6. Charness, Gary & Gneezy, Uri & Halladay, Brianna, 2016. "Experimental methods: Pay one or pay all," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 141-150.
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