Correlation sensitivity - feedback and decisions from experience

Last registered on June 23, 2023
View Trial History

Pre-Trial

Trial Information

General Information

Title
Correlation sensitivity - feedback and decisions from experience
RCT ID
AEARCTR-0011523
Initial registration date
June 03, 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 23, 2023, 3:39 PM EDT

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

Locations

Country
China
Region
Beijing

Primary Investigator

Name
Moritz Loewenfeld
Affiliation
Toulouse School of Economics
Contact Primary Investigator

Other Primary Investigator(s)

PI Name
Jiakun Zheng
PI Affiliation
Renmin University of China
Contact Investigator

Additional Trial Information

Status
In development
Start date
2023-06-05
End date
2023-06-30
Keywords
Behavior, Lab
Additional Keywords
Risk Taking, Salience Theory, Regret Theory, Correlation sensitive preferences
JEL code(s)
D81
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
We study correlation sensitivity in two settings 1) individuals receive outcome feedback for known choice tasks 2) individuals make decisions from experience.
External Link(s)

Registration Citation

Citation
Loewenfeld, Moritz and Jiakun Zheng. 2023. "Correlation sensitivity - feedback and decisions from experience ." AEA RCT Registry. June 23. https://doi.org/10.1257/rct.11523-1.0
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
Subjects make repeated choices between lotteries. For details, see "design_pap_exp.pdf".
Intervention Start Date
2023-06-05
Intervention End Date
2023-06-30

Primary Outcomes

Primary Outcomes (end points)
Lottery choices and beliefs about probabilities of outcomes. For details, see "design_pap_exp.pdf".
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
Subjects make repeated choices between lotteries. For details, see "design_pap_exp.pdf".
Experimental Design Details
Randomization Method
Computer.
Randomization Unit
Participants are randomly assigned to one of two treatments.75 participants are assigned to treatment 1 and the remaining 225 participants are randomly assigned to one of three parameter sets of lottery choices for treatment 2. There is no treatment/control group in the classical sense. Rather, participants make decisions in two different settings. We study decisions in these different environments.
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
300 participants.
Sample size: planned number of observations
300 participants.
Sample size (or number of clusters) by treatment arms
75 participants in each of four treatments.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
Lab of National Governance and Development, Renmin University of China
IRB Approval Date
2023-05-18
IRB Approval Number
RUCecon-202305-1
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