Do People Stand by their Commitments? Evidence from Classroom Experiments

Agnès Festré and Pierre Garrouste
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Pierre Garrouste: GREDEG CNRS

No 2014-03, GREDEG Working Papers from Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France

Abstract: In this paper we test the fulfillment of commitments in terms of effort made by students under an incentive contract but without strategic interactions. Accordingly it is an experimental contribution to decision theory. The experiments took place in classrooms during class time. Students have to announce a level and realize a level of effort virtually. The two levels of effort can differ and the game is made in such a way that students have interest not the stand by their commitments that to make their two levels of effort different. The results show however that an important percentage of students respect their commitment and that a freezing effect can be identified.

Keywords: commitment; freezing effect; classroom experiments; level of effort (search for similar items in EconPapers)
JEL-codes: C91 D90 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2014-01
New Economics Papers: this item is included in nep-exp
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://195.220.190.85/GREDEG-WP-2014-03.pdf First version, 2014 (application/pdf)

Related works:
Journal Article: Do people stand by their commitments? Evidence from a classroom experiment (2018)
Working Paper: Do people stand by their commitments? Evidence from a classroom experiment (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:gre:wpaper:2014-03

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