Experienced vs. inexperienced participants in the lab: Do they behave differently?

Arbeitspapier

We analyze whether subjects with extensive laboratory experience and first-time participants, who voluntarily registered for the experiment, differ in their behavior. Subjects play four one-shot, two-player games: a trust game, a beauty contest, an ultimatum game, a travelers' dilemma and, in addition, we conduct a singleplayer lying task and elicit risk preferences. We find few significant differences. In the trust game, experienced subjects are less trustworthy and they also trust less. Furthermore, experienced subjects submit fewer non-monotonic strategies in the risk elicitation task. We find no differences whatsoever in the other decisions. Nevertheless, the minor differences observed between experienced and inexperienced subjects may be relevant because we document a potential recruitment bias: the share of inexperienced subjects may be lower in the early recruitment waves.

Angaben zum Objekt

• ISBN: 978-3-86304-250-9
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: DICE Discussion Paper ; No. 251

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Design of Experiments: General ; Game Theory and Bargaining Theory: General ; Noncooperative Games
• Thema: dilemma ; experienced subjects ; laboratory methods ; trust game

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Benndorf, Volker ; Moellers, Claudia ; Normann, Hans-Theo
• Ereignis: Veröffentlichung
• (wer): Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE)
• (wo): Düsseldorf
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/158027
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ