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Certainty preferences, reference dependence, and random choice
Last registered on January 28, 2016

Pre-Trial

Trial Information
General Information
Title
Certainty preferences, reference dependence, and random choice
RCT ID
AEARCTR-0001016
Initial registration date
January 28, 2016
Last updated
January 28, 2016 4:15 AM EST
Location(s)
Region
Primary Investigator
Affiliation
University of Reading
Other Primary Investigator(s)
Additional Trial Information
Status
In development
Start date
2016-03-01
End date
2016-04-30
Secondary IDs
Abstract
Notwithstanding the importance of risk preferences in economic models, our ability to measure stable patterns is still highly debated. Building on recent insights, I further explore two potential explanations—inaccurate modeling and noise.
External Link(s)
Registration Citation
Citation
Vieider, Ferdinand. 2016. "Certainty preferences, reference dependence, and random choice." AEA RCT Registry. January 28. https://doi.org/10.1257/rct.1016-1.0.
Former Citation
Vieider, Ferdinand. 2016. "Certainty preferences, reference dependence, and random choice." AEA RCT Registry. January 28. https://www.socialscienceregistry.org/trials/1016/history/6653.
Experimental Details
Interventions
Intervention(s)
Intervention Start Date
2016-03-01
Intervention End Date
2016-04-30
Primary Outcomes
Primary Outcomes (end points)
The measurement of the utility of an outcome using various choice list designs. The effect of experimental interventions on priming and real incentives on the conclusions drawn. See study document for details.
Primary Outcomes (explanation)
Secondary Outcomes
Secondary Outcomes (end points)
Secondary Outcomes (explanation)
Experimental Design
Experimental Design
The experiment consists in the elicitation of individual preferences over risk using a choice list design. It also entails two randomized interventions.
Experimental Design Details
Randomization Method
Randomized selection of participants at the computer. Other randomizations are done physically.
Randomization Unit
Individuals
Was the treatment clustered?
No
Experiment Characteristics
Sample size: planned number of clusters
800 individuals
Sample size: planned number of observations
800 individuals
Sample size (or number of clusters) by treatment arms
The treatment is 2x3
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB
INSTITUTIONAL REVIEW BOARDS (IRBs)
IRB Name
IRB Approval Date
IRB Approval Number
Analysis Plan

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Post-Trial
Post Trial Information
Study Withdrawal
Intervention
Is the intervention completed?
No
Is data collection complete?
Data Publication
Data Publication
Is public data available?
No
Program Files
Program Files
Reports and Papers
Preliminary Reports
Relevant Papers