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Valuing Safety and Privacy in Central Bank Digital Currency

Last registered on June 20, 2023
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Pre-Trial

Trial Information

General Information

Title
Valuing Safety and Privacy in Central Bank Digital Currency
RCT ID
AEARCTR-0011486
Initial registration date
May 25, 2023

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
June 06, 2023, 9:13 AM EDT

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

Last updated
June 20, 2023, 7:50 PM EDT

Last updated is the most recent time when changes to the trial's registration were published.

Locations

Country
Australia
Region

Primary Investigator

Name
Zan Fairweather
Affiliation
Reserve Bank of Australia
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Other Primary Investigator(s)

PI Name
Adam Gorajek
PI Affiliation
Reserve Bank of Australia
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PI Name
June Ma
PI Affiliation
Harvard University
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PI Name
Rochelle Guttmann
PI Affiliation
Reserve Bank of Australia
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PI Name
Jack Mulqueeney
PI Affiliation
Reserve Bank of Australia
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PI Name
Denzil Fiebig
PI Affiliation
University of New South Wales
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Additional Trial Information

Status
Completed
Start date
2022-10-01
End date
2022-11-30
Keywords
Behavior, Finance & Microfinance, Other
Additional Keywords
central bank digital currency, discrete choice experiment, consumer payments survey, australia
JEL code(s)
C91, E42, E58
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
[NULL]
External Link(s)

Registration Citation

Citation
Fairweather, Zan et al. 2023. "Valuing Safety and Privacy in Central Bank Digital Currency." AEA RCT Registry. June 20. https://doi.org/10.1257/rct.11486-1.1
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2022-10-01
Intervention End Date
2022-11-30

Primary Outcomes

Primary Outcomes (end points)
Which account respondents chose in the discrete choice experiment.
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
A discrete choice experiment conducted as part of the 2022 Consumer Payments Survey.
Experimental Design Details
Randomization Method
Random digit dialling to recruit sample, and random choice set assignment using survey software
Randomization Unit
Individual
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
999 survey respondents
Sample size: planned number of observations
999 survey respondents
Sample size (or number of clusters) by treatment arms
Roughly 30 treatment arms. 20 online survey treatment arms of around 50 individuals each, and 10 offline survey treatment arms of around 3-4 individuals each. Some of the offline and online arms had the same treatment. Each unique treatment arm was shown a different choice set of two bank accounts with different fees, safety and privacy attributes.
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