Incentives in experimental economics

Alisa Voslinsky and Ofer Azar

Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), 2021, vol. 93, issue C

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.

Keywords: Experimental economics methodology; Incentives; Financial incentives; Hypothetical experiments; Design of experiments; Performance-based incentives (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:soceco:v:93:y:2021:i:c:s221480432100046x

DOI: 10.1016/j.socec.2021.101706

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