Abstract

http://ssrn.com/abstract=1968195
 
 

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Economic Games on the Internet: The Effect of $1 Stakes


Ofra Amir


Ben-Gurion University of the Negev

David G. Rand


Yale University

Ya'akov (Kobi) Gal


Ben-Gurion University of the Negev

December 3, 2011

PLoS ONE, Vol. 7, No. 2

Abstract:     
Online labor markets such as Amazon Mechanical Turk (MTurk) off er an unprecedented opportunity to run economic game experiments quickly and inexpensively. Using Mturk, we recruited 756 subjects and examined their behavior in four canonical economic games, with two payoff conditions each: a stakes condition, in which subjects' earnings were based on the outcome of the game (maximum earnings of $1); and a no-stakes condition, in which subjects' earnings are una ffected by the outcome of the game. Our results demonstrate that economic game experiments run on MTurk are comparable to those run in laboratory settings, even when using very low stakes.

Number of Pages in PDF File: 6

Keywords: online markets, economic games, stakes

JEL Classification: C90

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Date posted: December 5, 2011 ; Last revised: August 19, 2014

Suggested Citation

Amir, Ofra and Rand, David G. and Gal, Ya'akov (Kobi), Economic Games on the Internet: The Effect of $1 Stakes (December 3, 2011). PLoS ONE, Vol. 7, No. 2 . Available at SSRN: http://ssrn.com/abstract=1968195 or http://dx.doi.org/10.2139/ssrn.1968195

Contact Information

Ofra Amir (Contact Author)
Ben-Gurion University of the Negev ( email )
1 Ben-Gurion Blvd
Beer-Sheba 84105, 84105
Israel
David G. Rand
Yale University ( email )
New Haven, CT 06520
United States
HOME PAGE: http://www.DaveRand.org
Ya'akov (Kobi) Gal
Ben-Gurion University of the Negev ( email )
1 Ben-Gurion Blvd
Beer-Sheba 84105, 84105
Israel
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