Luck and Behavior

Last registered on April 09, 2024
View Trial History

Pre-Trial

Trial Information

General Information

Title
Luck and Behavior
RCT ID
AEARCTR-0013288
Initial registration date
April 02, 2024

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
April 09, 2024, 1:31 PM EDT

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

Locations

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Primary Investigator

Name
Brian Jabarian
Affiliation
Contact Primary Investigator

Other Primary Investigator(s)

PI Name
Gary Charness
PI Affiliation
UCSB
PI Name
Drew Fudenberg
PI Affiliation
MIT

Additional Trial Information

Status
On going
Start date
2024-03-01
End date
2024-04-30
Keywords
Behavior
Additional Keywords
JEL code(s)
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
In this project, through a lab-in-field experiment, we explore the effects of perceived luck on key economic behaviors studied in the literature: risk and ambiguity preferences, the illusion of control, superstition, overconfidence, and investment decisions.
External Link(s)

Registration Citation

Citation
Charness, Gary, Drew Fudenberg and Brian Jabarian. 2024. "Luck and Behavior." AEA RCT Registry. April 09. https://doi.org/10.1257/rct.13288-1.0
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
self-reported survey questions about luck perception
basic incentivized economic behaviors questions
Intervention Start Date
2024-03-15
Intervention End Date
2024-04-30

Primary Outcomes

Primary Outcomes (end points)
How does luck perception affect economic behaviors?
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
self-reported survey questions about luck perception
basic incentivized economic behaviors questions
Experimental Design Details
Not available
Randomization Method
randomization in treatments done in office by a computer
physical coin flip and lottery for specific economic games
Randomization Unit
individual
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
we plan between 200 and 500 units, e.g. individuals.
Sample size: planned number of observations
we plan between 200 and 500 units, e.g. individuals.
Sample size (or number of clusters) by treatment arms
if 200, then 50 by 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
SBS-IRB
IRB Approval Date
2024-02-08
IRB Approval Number
IRB24-0179
Analysis Plan