Behavioral Measures for Laboratory Market Experiments: A Survey

Binierose Cacho () and Katerina Sherstyuk ()
Additional contact information
Binierose Cacho: University of Hawaii
Katerina Sherstyuk: University of Hawaii

No 202603, Working Papers from University of Hawaii at Manoa, Department of Economics

Abstract: Measuring individual behavioral traits may help explain observed deviations from predicted behavior and differences among participant actions in many experimental market and auction settings. We discuss existing measures of risk and time preferences, cognitive abilities, financial literacy, regret and other emotions, overconfidence, and competitiveness. We focus on short tasks and survey items that may be used as simple add-ons to main laboratory market tasks. We further touch upon methodological issues such as monetary incentives, presentation options, repeat measurements and task timing. Finally, we catalog existing laboratory market experiments that employ behavioral measures.

Keywords: auction theory; time costs; laboratory experiments (search for similar items in EconPapers)
JEL-codes: C83 C91 D40 D91 (search for similar items in EconPapers)
Date: 2026-06
New Economics Papers: this item is included in nep-cbe and nep-exp
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.economics.hawaii.edu/research/workingpapers/WP_26-03.pdf First version, 2026 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hai:wpaper:202603

Ordering information: This working paper can be ordered from
http://www.economics ... esearch/working.html

Access Statistics for this paper

More papers in Working Papers from University of Hawaii at Manoa, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Web Technician ().