Experimental (re-)analysis of the house-money effect in a public goods game

Nicholas T. Bailey (), Abhijit Ramalingam and Brock Stoddard
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Nicholas T. Bailey: Deloitte

Journal of the Economic Science Association, 2023, vol. 9, issue 1, No 1, 14 pages

Abstract: Abstract Experiments in economics usually provide subjects with starting capital to be used in the experiment. This practice could affect decisions as there is no risk of loss. This phenomenon is known as the house-money effect. In a repeated public goods game, we test for house-money effects by paying subjects in advance an amount they could lose in the experiment. We do not find evidence of a house-money effect over time.

Keywords: House-money; Cooperation; Public goods; Experiment (search for similar items in EconPapers)
JEL-codes: C91 C92 H41 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s40881-022-00122-2

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