{"id":3216,"date":"2023-10-01T16:04:00","date_gmt":"2023-10-01T14:04:00","guid":{"rendered":"https:\/\/flex.uni-frankfurt.de\/?p=3216"},"modified":"2023-10-09T10:42:35","modified_gmt":"2023-10-09T08:42:35","slug":"on-the-role-of-monetary-incentives-in-risk-preference-elicitation-experiments","status":"publish","type":"post","link":"https:\/\/flex.uni-frankfurt.de\/index.php\/publications\/on-the-role-of-monetary-incentives-in-risk-preference-elicitation-experiments\/","title":{"rendered":"On the role of monetary incentives in risk preference elicitation experiments"},"content":{"rendered":"<div class=\"custom-pagination-text-research-img\"><a href=\"https:\/\/doi.org\/10.1007\/s11166-022-09377-w\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-3089\" src=\"https:\/\/flex.uni-frankfurt.de\/wp-content\/uploads\/2023\/10\/2-1hh.jpg\"\" width=\"193\" height=\"261\" \/><\/a><\/div>\n<div class=\"custom-pagination-text-research-content\">Andreas Hackethal, Michael Kirchler, Christine Laudenbach, Michael Razen &#038; Annika Weber,\u00a0 2023, <em>Journal of Risk and Uncertainty, <\/em>66 (2), 189\u2013213<em><br \/>\n<\/em><\/p>\n<div><\/div>\n<div class=\"custom-pagination-text-research-content\">\n<p><!--more Continue reading--><\/p>\n<div class=\"custom-pagination-text-research-content\"><a href=\"https:\/\/doi.org\/10.1007\/s11166-022-09377-w\">link to publication<\/a><\/div>\n<div class=\"custom-pagination-text-research-abstract\">Abstract:<br \/>\nIncentivized experiments in which individuals receive monetary rewards according to the outcomes of their decisions are regarded as the gold standard for preference elicitation in experimental economics. These task-related real payments are considered necessary to reveal subjects\u2019 \u201ctrue preferences.\u201d Using a systematic, large-sample approach with three subject pools of private investors, professional investors, and students, we test the effect of task-related monetary incentives on risk preferences in four standard experimental tasks. We find no significant differences in behavior between and within subjects in the incentivized and non-incentivized regimes. We discuss implications for academic research and forions in the field.<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-3216","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts\/3216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/comments?post=3216"}],"version-history":[{"count":3,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts\/3216\/revisions"}],"predecessor-version":[{"id":3233,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/posts\/3216\/revisions\/3233"}],"wp:attachment":[{"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/media?parent=3216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/categories?post=3216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/flex.uni-frankfurt.de\/index.php\/wp-json\/wp\/v2\/tags?post=3216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}