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Journal

Artefactual Field Experiments 

About: Artefactual Field Experiments is an academic journal. The journal publishes majorly in the area(s): Experimental economics & Behavioral economics. Over the lifetime, 45 publications have been published receiving 2017 citations.

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TL;DR: This article proposed to change the default P-value threshold for statistical significance for claims of new discoveries from 0.05 to 0.005, which is the threshold used in this paper.
Abstract: We propose to change the default P-value threshold for statistical significance for claims of new discoveries from 0.05 to 0.005.

1,415 citations

Posted Content
TL;DR: In this paper, a set of layers of information that the individuals might be using to decide over their level of cooperation are proposed, ranging from the material incentives that the specific production function imposes to the dynamics of the game, to the composition of the group and the individual characteristics of the player.
Abstract: The study of collective action requires an understanding of the individual incentives and of the institutional constraints that guide people in making choices about cooperating or defecting on the group facing the dilemma. The use of local ecosystems by groups of individuals is just one example where individual extraction increases well-being, but aggregate extraction decreases it. The use of economic experiments has enhanced the already diverse knowledge from theoretical and field sources of when and how groups can solve the problem through selfgoverning mechanisms. These studies have identified several factors that promote and limit collective action, associated with the nature of the production system that allows groups to benefit from a joint-access local ecosystem, and associated with the institutional incentives and constraints from both self-governed and externally imposed rules. In general, there is widespread agreement that cooperation can happen and be chosen by individuals as a rational strategy, beyond the "tragedy of the commons" prediction. A first step in this paper is to propose a set of layers of information that the individuals might be using to decide over their level of cooperation. The layers range from the material incentives that the specific production function imposes, to the dynamics of the game, to the composition of the group and the individual characteristics of the player. We next expand the experimental literature by analyzing data from a set of experiments conducted in the field with actual ecosystem users in three rural villages of Colombia using this framework. We find that repetition brings reciprocity motives into the decision making. Further, prior experience of the participants, their perception of external regulation, or the composition of the group in terms of their wealth and social position in the village, influence decisions to cooperate or defect in the experiment. The results suggest that understanding the multiple levels of the game, in terms of the incentives, the group and individual characteristics or the context, can help understand and therefore explore the potentials for solving the collective-action dilemma.

247 citations

Posted Content
TL;DR: This paper showed that behavior in the lab might be a poor guide to real-world behavior, and that behavioral models can benefit from incorporating insights from psychology, but behavioral models may not be a good fit for real world behavior.
Abstract: Economic models can benefit from incorporating insights from psychology, but behavior in the lab might be a poor guide to real-world behavior.

162 citations

Posted Content
TL;DR: It is found that both students and professionals exhibit some behavior consistent with the Allais paradox, but the data pattern does suggest that the trader population falls prey to the allais paradox less frequently than the student population.
Abstract: We compare behavior across students and professional traders from the Chicago Board of Trade in a classic Allais paradox experiment. Our experiment tests whether independence, a necessary condition in expected utility theory, is systematically violated. We find that both students and professionals exhibit some behavior consistent with the Allais paradox, but the data pattern does suggest that the trader population falls prey to the Allais paradox less frequently than the student population.

59 citations

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Performance
Metrics
No. of papers from the Journal in previous years
YearPapers
20211
20204
20192
20174
20163
20152