Deneysel İktisatta Ödül Mekanizmasının Rolü: Parasal Teşvik ve Ders Notu Karşılaştırması
Yıl 2018,
Sayı: 636, 37 - 46, 01.02.2018
Mete Dibo
Erdem Seçilmiş
,
Mehmet Cahit Güran
Öz
Ödül mekanizmasının türü, bir iktisadi deneyin geçerliliğini belirleyen kritik bir faktördür. Deneysel iktisat literatüründe en çok tercih edilen ödül mekanizmaları; para ve ders notudur. Bu çalışmanın amacı; para ve ders notu kullanımına ilişkin deneysel iktisat literatürünü incelemektir. Yapılan inceleme sonucunda; araştırmacılar tarafından parasal ödüllerin daha sık kullanılmasına rağmen ders notunun ya da paranın daha üstün bir araç olduğuna dair net bir sonuç elde edilememiştir. Ayrıca incelememiz sonunda her deneyi farklı amaç ve bağlamı olan ayrıksı bir araştırma tasarımı olarak analiz etmenin geçerlilik sınaması için daha uygun bir yol olduğu değerlendirilmektedir.
Kaynakça
- ANDREONI, J. (1988). Why Free Ride?: Strategies and Learning in Public Goods Experiments. Journal of Public Economics, 37, 291–304.
- AWASTHI, V., & PRATT, J. (1990). The Effects of Monetary Incentives on Effort and Decision Performance: The Role of Cognitive Characteristics. The Accounting Review, 65(4), 797–811.
- BOLTON, G. E., KATOK, E., & ZWICK, R. (1998). Dictator Game Giving : Rules of Fairness Versus Acts of Kindness. International Journal of Game Theory, 27, 269–299.
- CAMERER, C. F., & HOGARTH, R. M. (1999). The Effects of Financial Incentives in Experiments: A Review and CapitalLabor-Production Framework. Journal of Risk and Uncertainty, 19(1), 7–42.
- CAMPBELL, D. T. (1986). Relabeling Internal and External Validity for Applied Social Scientists. New Directions for Program Evaluation, 1986(31), 67–77.
- CARPENTER, J., VERHOOGEN, E., & BURKS, S. (2005). The Effect of Stakes in Distribution Experiments. Economics Letters, 86(3), 393–398.
- CHAMBERLIN, E. H. (1948). An Experimental Imperfect Market. Journal of Political Economy, 56(2), 95–108.
- DAVIS, D. D., & HOLT, C. A. (1993). Experimental Economics: Methods, Problems and Promise. Estudios Económicos, 8(2), 179–212.
- DICKINSON, D. L. (2009). Experiment Timing and Preferences for Fairness. Journal of Socio-Economics, 38(1), 89–95.
- DUERSCH, P., OECHSSLER, J., & SCHIPPER, B. C. (2009). Incentives for Subjects in Internet Experiments. Economics Letters, 105(1), 120–122.
- FORSYTHE, R., HOROWITZ, J. L., SAVIN, N. E., & SEFTON, M. (1994). Fairness in Simple Bargaining Experiments. Games and Economic Behavior, 6(3), 347–369.
- FRIEDMAN, D., & CASSAR, A. (2004). First Principles: Induced Value Theory. In D. Friedman & A. Cassar (Eds.), Economics Lab: An Intensive Course in Experimental Economics (pp. 25–31). London: Routledge.
- FRIEDMAN, D., & SUNDER, S. (1994). Experimental Methods: A primer for economists (1st ed.). Cambridge: Cambridge University Press.
- GNEEZY, U., & RUSTICHINI, A. (2000). Pay Enough or Don’ t Pay at All. The Quarterly Journal of Economics, 115(3), 791– 810.
- GUALA, F. (2005). The Methodology of Experimental Economics (1st ed.). New York: Cambridge University Press.
- GUALA, F. (2007). How to Do Things with Experimental Economics. In D. MacKenzie, F. Muniesa, & L. Siu (Eds.), Do Economists Make Markets?: On the Performativity of Economics (pp. 128–162). Princeton: Princeton University Press.
- GUALA, F., & MITTONE, L. (2005). Experiments in Economics: External Validity and The Robustness of Phenomena. Journal of Economic Methodology, 12(4), 495–515.
- HAUSMAN, D. M. (1992). The Inexact and Separate Science of Economics. Cambridge: Cambridge University Press.
- HERTWIG, R., & ORTMANN, A. (2001a). Experimental Practices in Economics: A Methodological Challenge for Psychologists? Behavioral and Brain Sciences, 24(3), 383–451.
- HERTWIG, R., & ORTMANN, A. (2001b). On the Need for Empirically Grounded Experimental Practices and Interdisciplinary Discourse. Behavioral and Brain Sciences, 24(3), 433–444.
- HUDSON, D. (2003). Problem Solving and Hypothesis Testing Using Economic Experiments. Journal of Agricultural and Applied Economics, 35 (2), 337-347.
- ISAAC, R. . M., WALKER, J. M., & WILLIAMS, W. A. (1994).
- Group Size and the Voluntary of Public Goods Experimental Provision Evidence Utilizing Large Groups. Journal of Public Economics, 54, 1–36.
- JAMAL, K., & SUNDER, S. (1991). Money vs Gaming: Effects of Salient Monetary Payments in Double Oral Auctions. Organizational Behaviour and Human Decision Processes, 49, 151–166.
- JIMÉNEZ-BUEDO, M., & MILLER, L. M. (2010). Why a TradeOff? The Relationship between the External and Internal Validity of Experiments. Theoria, 25(69), 301–321.
- KOCHER, M., MARTINSSON, P., & VISSER, M. (2008). Does Stake Size Matter for Cooperation and Punishment? Economics Letters, 99(3), 508–511.
- KOMAI, M., & GROSSMAN, P. (2006). Incentivizing Experiments : Monetary Rewards versus Extra Credits (Economics Faculty Working Papers No. 9). St. Cloud.
- KRUSE, J. B., & THOMPSON, M. A. (2001). A Comparison of Salient Rewards in Experiments: Money and Class Points. Economics Letters, 74, 113–117.
- LEE, J. (2007). Repetition And Financial Incentives In Economics Experiments. Journal of Economic Surveys, 21(3), 628–681.
- LOEWENSTEIN, G. (1999). Experimental Economics from the Vantage-Point of Behavioural Economics. The Economic Journal, 109(453), F25–F34.
- LUCCASEN, R. A., & THOMAS, M. K. (2014). Monetary Incentives Versus Class Credit: Evidence From A Large Classroom Trust Experiment. Economics Letters, 123(2), 232–235.
- LUSK, J. L., & FOX, J. A. (2003). Value Elicitation in Retail and Laboratory Enviroments. Economics, 79, 27–34.
- MARWELL, G., & AMES, R. E. (1979). Experiments on the Provision of Public Goods I. Resources, Interest, Group Size, and the Free-Rider Problem. American Journal of Sociology, 84(6), 1335–1360.
- MOORE, A., & TAYLOR, M. (2007). Experimental Economics Research: Is There An Alternative to Having Huge Research Budgets? Economics Bulletin, 3(4), 1–6.
- MOSTELLER, F., & NOGEE, P. (1951). An Experimental Measurement of Utility. Journal of Political Economy, 59(5), 371– 404.
- ORTMANN, A. (2003). Charles R. Plott’s collected papers on the experimental foundations of economic and political science. Journal of Economic Psychology, 24, 555–575.
- READ, D. (2005). Monetary Incentives, What Are They Good For. Journal of Economic Methodology, 12(2), 265–276.
- SILVA, F. J., & GROSS, T. F. (2004). The Rich Get Richer: Students’ Discounting of Hypothetical Delayed Rewards and Real Effortful Extra Credit. Psychonomic Bulletin & Review, 11(6), 1124–1128.
- SMITH, V. L. (1976). Experimental Economics: Induced Value Theorv. The American Economic Review, 66(2), 274–279.
- SMITH, V. L. (1982). Microeconomic Systems as an Experimental Science. American Economic Review, 72(5), 923–955.
- SMITH, V. L. (2007). Foundations of Experimental Economics, Economic Design and Applications. In S. H. Oda (Ed.), Developments on Experimental Economics: New Approaches to Solving Real-world Problems (pp. 17–32). Berlin, Heidelberg: Springer.
- SMITH, V. L., & WALKER, J. M. (1993). Monetary Rewards and Decision Cost in Experimental Economics. Economic Inquiry, 31(2), 245–261.
- SUGDEN, R. (2008). The Changing Relationship between Theory and Experiment in Economics. Philosophy of Science, 75(5), 621–632.
- THURSTONE, L. L. (1931). The Indifference Function. Journal of Social Psychology, 2(2), 139–167.
- VON NEUMANN, J., & MORGENSTERN, O. (1944). Theory of Games and Economic Behaviour (1st ed.). Princeton: Princeton University Press.
The Role of Reward Mechanism in Experimental Economics: A Comparison of Monetary Incentives and Class Point
Yıl 2018,
Sayı: 636, 37 - 46, 01.02.2018
Mete Dibo
Erdem Seçilmiş
,
Mehmet Cahit Güran
Öz
The type of the reward mechanism is a critical factor that affects the validity of the economics experiments. The two most preferred rewards in the experimental economics literature are money and class points. The aim of this study to review the state of art on the use of money and class points in the experimental economics literature. The result of the literature review shows that, although the monetary reward is the primary motivation used by researchers, there is no clear-cut evidence which shows whether money or class point does better. Our review suggests that a more appropriate way to make a validity examination is to analyze every experiment as a separate research design due to different aims and contexts.
Kaynakça
- ANDREONI, J. (1988). Why Free Ride?: Strategies and Learning in Public Goods Experiments. Journal of Public Economics, 37, 291–304.
- AWASTHI, V., & PRATT, J. (1990). The Effects of Monetary Incentives on Effort and Decision Performance: The Role of Cognitive Characteristics. The Accounting Review, 65(4), 797–811.
- BOLTON, G. E., KATOK, E., & ZWICK, R. (1998). Dictator Game Giving : Rules of Fairness Versus Acts of Kindness. International Journal of Game Theory, 27, 269–299.
- CAMERER, C. F., & HOGARTH, R. M. (1999). The Effects of Financial Incentives in Experiments: A Review and CapitalLabor-Production Framework. Journal of Risk and Uncertainty, 19(1), 7–42.
- CAMPBELL, D. T. (1986). Relabeling Internal and External Validity for Applied Social Scientists. New Directions for Program Evaluation, 1986(31), 67–77.
- CARPENTER, J., VERHOOGEN, E., & BURKS, S. (2005). The Effect of Stakes in Distribution Experiments. Economics Letters, 86(3), 393–398.
- CHAMBERLIN, E. H. (1948). An Experimental Imperfect Market. Journal of Political Economy, 56(2), 95–108.
- DAVIS, D. D., & HOLT, C. A. (1993). Experimental Economics: Methods, Problems and Promise. Estudios Económicos, 8(2), 179–212.
- DICKINSON, D. L. (2009). Experiment Timing and Preferences for Fairness. Journal of Socio-Economics, 38(1), 89–95.
- DUERSCH, P., OECHSSLER, J., & SCHIPPER, B. C. (2009). Incentives for Subjects in Internet Experiments. Economics Letters, 105(1), 120–122.
- FORSYTHE, R., HOROWITZ, J. L., SAVIN, N. E., & SEFTON, M. (1994). Fairness in Simple Bargaining Experiments. Games and Economic Behavior, 6(3), 347–369.
- FRIEDMAN, D., & CASSAR, A. (2004). First Principles: Induced Value Theory. In D. Friedman & A. Cassar (Eds.), Economics Lab: An Intensive Course in Experimental Economics (pp. 25–31). London: Routledge.
- FRIEDMAN, D., & SUNDER, S. (1994). Experimental Methods: A primer for economists (1st ed.). Cambridge: Cambridge University Press.
- GNEEZY, U., & RUSTICHINI, A. (2000). Pay Enough or Don’ t Pay at All. The Quarterly Journal of Economics, 115(3), 791– 810.
- GUALA, F. (2005). The Methodology of Experimental Economics (1st ed.). New York: Cambridge University Press.
- GUALA, F. (2007). How to Do Things with Experimental Economics. In D. MacKenzie, F. Muniesa, & L. Siu (Eds.), Do Economists Make Markets?: On the Performativity of Economics (pp. 128–162). Princeton: Princeton University Press.
- GUALA, F., & MITTONE, L. (2005). Experiments in Economics: External Validity and The Robustness of Phenomena. Journal of Economic Methodology, 12(4), 495–515.
- HAUSMAN, D. M. (1992). The Inexact and Separate Science of Economics. Cambridge: Cambridge University Press.
- HERTWIG, R., & ORTMANN, A. (2001a). Experimental Practices in Economics: A Methodological Challenge for Psychologists? Behavioral and Brain Sciences, 24(3), 383–451.
- HERTWIG, R., & ORTMANN, A. (2001b). On the Need for Empirically Grounded Experimental Practices and Interdisciplinary Discourse. Behavioral and Brain Sciences, 24(3), 433–444.
- HUDSON, D. (2003). Problem Solving and Hypothesis Testing Using Economic Experiments. Journal of Agricultural and Applied Economics, 35 (2), 337-347.
- ISAAC, R. . M., WALKER, J. M., & WILLIAMS, W. A. (1994).
- Group Size and the Voluntary of Public Goods Experimental Provision Evidence Utilizing Large Groups. Journal of Public Economics, 54, 1–36.
- JAMAL, K., & SUNDER, S. (1991). Money vs Gaming: Effects of Salient Monetary Payments in Double Oral Auctions. Organizational Behaviour and Human Decision Processes, 49, 151–166.
- JIMÉNEZ-BUEDO, M., & MILLER, L. M. (2010). Why a TradeOff? The Relationship between the External and Internal Validity of Experiments. Theoria, 25(69), 301–321.
- KOCHER, M., MARTINSSON, P., & VISSER, M. (2008). Does Stake Size Matter for Cooperation and Punishment? Economics Letters, 99(3), 508–511.
- KOMAI, M., & GROSSMAN, P. (2006). Incentivizing Experiments : Monetary Rewards versus Extra Credits (Economics Faculty Working Papers No. 9). St. Cloud.
- KRUSE, J. B., & THOMPSON, M. A. (2001). A Comparison of Salient Rewards in Experiments: Money and Class Points. Economics Letters, 74, 113–117.
- LEE, J. (2007). Repetition And Financial Incentives In Economics Experiments. Journal of Economic Surveys, 21(3), 628–681.
- LOEWENSTEIN, G. (1999). Experimental Economics from the Vantage-Point of Behavioural Economics. The Economic Journal, 109(453), F25–F34.
- LUCCASEN, R. A., & THOMAS, M. K. (2014). Monetary Incentives Versus Class Credit: Evidence From A Large Classroom Trust Experiment. Economics Letters, 123(2), 232–235.
- LUSK, J. L., & FOX, J. A. (2003). Value Elicitation in Retail and Laboratory Enviroments. Economics, 79, 27–34.
- MARWELL, G., & AMES, R. E. (1979). Experiments on the Provision of Public Goods I. Resources, Interest, Group Size, and the Free-Rider Problem. American Journal of Sociology, 84(6), 1335–1360.
- MOORE, A., & TAYLOR, M. (2007). Experimental Economics Research: Is There An Alternative to Having Huge Research Budgets? Economics Bulletin, 3(4), 1–6.
- MOSTELLER, F., & NOGEE, P. (1951). An Experimental Measurement of Utility. Journal of Political Economy, 59(5), 371– 404.
- ORTMANN, A. (2003). Charles R. Plott’s collected papers on the experimental foundations of economic and political science. Journal of Economic Psychology, 24, 555–575.
- READ, D. (2005). Monetary Incentives, What Are They Good For. Journal of Economic Methodology, 12(2), 265–276.
- SILVA, F. J., & GROSS, T. F. (2004). The Rich Get Richer: Students’ Discounting of Hypothetical Delayed Rewards and Real Effortful Extra Credit. Psychonomic Bulletin & Review, 11(6), 1124–1128.
- SMITH, V. L. (1976). Experimental Economics: Induced Value Theorv. The American Economic Review, 66(2), 274–279.
- SMITH, V. L. (1982). Microeconomic Systems as an Experimental Science. American Economic Review, 72(5), 923–955.
- SMITH, V. L. (2007). Foundations of Experimental Economics, Economic Design and Applications. In S. H. Oda (Ed.), Developments on Experimental Economics: New Approaches to Solving Real-world Problems (pp. 17–32). Berlin, Heidelberg: Springer.
- SMITH, V. L., & WALKER, J. M. (1993). Monetary Rewards and Decision Cost in Experimental Economics. Economic Inquiry, 31(2), 245–261.
- SUGDEN, R. (2008). The Changing Relationship between Theory and Experiment in Economics. Philosophy of Science, 75(5), 621–632.
- THURSTONE, L. L. (1931). The Indifference Function. Journal of Social Psychology, 2(2), 139–167.
- VON NEUMANN, J., & MORGENSTERN, O. (1944). Theory of Games and Economic Behaviour (1st ed.). Princeton: Princeton University Press.