How do monetary incentives affect the measurement of social preferences? https://d.repec.org/n?u=RePEc:zur:econwp:482&r=&r=exp
"… the use of monetary #incentives, as well as the size of the stakes, have little impact on choices at the descriptive levels, as well as for the identification of qualitatively distinct preferences types. They appear to matter, however, for the quantitative identification of the strength and the precision of social preferences.
… the #socialPreferences of the general population are likely overestimated when elicited with hypothetical stakes. If one is solely interested in having a rough, descriptive measure of social preferences at the aggregate level, or if one wants to identify qualitatively distinct preferences types, then relying on hypothetical stakes might suffice.
… if one is interested in making a quantitative assessment of subjects’ other-regardingness, e.g., in order to make quantitative predictions, then our result suggest that using monetary incentives is advisable,
… no evidence that using a larger stake size improves the identification of social preferences"
#ExperimentalEcon #BehavioralEconomics
"… the use of monetary #incentives, as well as the size of the stakes, have little impact on choices at the descriptive levels, as well as for the identification of qualitatively distinct preferences types. They appear to matter, however, for the quantitative identification of the strength and the precision of social preferences.
… the #socialPreferences of the general population are likely overestimated when elicited with hypothetical stakes. If one is solely interested in having a rough, descriptive measure of social preferences at the aggregate level, or if one wants to identify qualitatively distinct preferences types, then relying on hypothetical stakes might suffice.
… if one is interested in making a quantitative assessment of subjects’ other-regardingness, e.g., in order to make quantitative predictions, then our result suggest that using monetary incentives is advisable,
… no evidence that using a larger stake size improves the identification of social preferences"
#ExperimentalEcon #BehavioralEconomics

