Comprehension in risk elicitation experiments
Comprehension in risk elicitation experiments
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DOI：
10.1080/13504851.2016.1217302
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发表时间：
2017-05
影响因子：
1.6
通讯作者：
Jens Rommel;Daniel Hermann;Malte Müller;O. Musshoff
中科院分区：
文献类型：
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作者：
Jens Rommel;Daniel Hermann;Malte Müller;O. Musshoff
经济学实验越来越多地在理解指令可能更难实现的现场人群中进行。我们研究如何在熟悉的背景下，实验教学框架和激励实验任务可能会影响理解。基于146个德国农民的实验，我们比较了四个不同版本的霍尔特和劳里多重价格表。我们发现，激励措施有一个小的积极影响的理解，作为衡量的概率作出不一致的选择和主体的自我评估。在缺乏激励的情况下，框架会对理解产生负面影响。在算术测试中得分高的农民的理解力得到了提高。我们的结论是，上下文框架可能会混淆的主题，而激励措施可以帮助促进理解的实验指示。
ABSTRACT Economic experiments are increasingly conducted with field populations for whom comprehension of instructions may be more difficult to achieve. We investigate how framing experimental instructions in a familiar context and incentivizing the experimental task may affect comprehension. Based on an experiment with 146 German farmers, we compare four different versions of a Holt-and-Laury multiple price list. We find that incentives have a small positive effect on comprehension, as measured by the probability of making inconsistent choices and subjects’ self-assessment. In the absence of incentives, framing negatively affects comprehension. Comprehension is enhanced for farmers who score high on a numeracy test. We conclude that contextual framing might confuse subjects, whereas incentives can help to facilitate comprehension of experimental instructions.