The effects of (incentivized) belief elicitation in public goods experiments

Simon Gaechter () and Elke Renner
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Simon Gaechter: University of Nottingham
Authors registered in the RePEc Author Service: Simon Gächter

No 2010-12, Discussion Papers from The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham

Abstract: Belief elicitation is an important methodological issue for experimental economists. There are two generic questions: 1) Do incentives increase belief accuracy? 2) Are there interaction effects of beliefs and decisions? We investigate these questions in the case of finitely repeated public goods experiments. We find that belief accuracy is significantly higher when beliefs are incentivized. The relationship between contributions and beliefs is slightly steeper under incentives. However, we find that incentivized beliefs tend to lead to higher contribution levels than either non-incentivized beliefs or no beliefs at all. We discuss the implications of our results for the design of public good experiments.

Keywords: Incentives; beliefs; experimental methodology; public goods (search for similar items in EconPapers)
JEL-codes: C90 (search for similar items in EconPapers)
Date: 2010-06
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Citations: View citations in EconPapers (263)

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Related works:
Journal Article: The effects of (incentivized) belief elicitation in public goods experiments (2010)
Working Paper: The Effects of (Incentivized) Belief Elicitation in Public Good Experiments (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:not:notcdx:2010-12

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