Certainty preferences, reference dependence, and random choice

Last registered on January 28, 2016
View Trial History

Pre-Trial

Trial Information

General Information

Title
Certainty preferences, reference dependence, and random choice
RCT ID
AEARCTR-0001016
Initial registration date
January 28, 2016

Initial registration date is when the trial was registered.

It corresponds to when the registration was submitted to the Registry to be reviewed for publication.

First published
January 28, 2016, 4:15 AM EST

First published corresponds to when the trial was first made public on the Registry after being reviewed.

Locations

Country
India
Region
Karnataka

Primary Investigator

Name
Ferdinand Vieider
Affiliation
Ghent University
Contact Primary Investigator

Other Primary Investigator(s)

Additional Trial Information

Status
In development
Start date
2016-03-01
End date
2016-04-30
Keywords
Agriculture, Finance & Microfinance
Additional Keywords
risk preferences, certainty premium, random choice, fear, priming;
JEL code(s)
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
Sponsors & Partners
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)
Supporting Documents and Materials
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

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Intervention

Is the intervention completed?
No
Data Collection Complete
Data Publication

Data Publication

Is public data available?
No

Program Files

Program Files
Reports, Papers & Other Materials

Relevant Paper(s)

Reports & Other Materials