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Field
Trial Status
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Before
in_development
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After
on_going
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Field
Last Published
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Before
October 07, 2024 06:47 PM
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After
November 08, 2024 05:15 AM
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Field
Experimental Design (Public)
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Before
The experimental design is split in two parts, one is based on a beauty contest model and one on a New Keynesian model. Each of the two parts is further split into four treatments which vary over two dimensions: (i) persistence of the exogenous shock(s) and (ii) whether the dynamics of the experimental environment are explained to participants in technical versus non-technical language. The participants are asked to provide predictions for the model's endogenous variables for 40 periods. The experiment is between-subject, so each participants takes part in only one treatment.
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After
The experimental design is split in two parts, one is based on a beauty contest model and one on a New Keynesian model, with a control group based on a simple AR(1) process. Each of the two parts is further split into four treatments which vary over two dimensions: (i) persistence of the exogenous shock(s) and (ii) whether the dynamics of the experimental environment are explained to participants in technical versus non-technical language. The participants are asked to provide predictions for the model's endogenous variables for 45 periods. The experiment is between-subject, so each participants takes part in only one treatment.
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Field
Planned Number of Observations
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Before
At most 300 participants will be making choices over 40 experimental periods, making it a total of 12,000 observations per outcome variable.
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After
At most 300 participants will be making choices over 45 experimental periods, making it a total of 13,500 observations per outcome variable.
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Field
Sample size (or number of clusters) by treatment arms
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Before
There are at most eight treatment groups, each consisting of six groups of at least six individuals (minimum 36 per treatment).
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After
There are at most ten treatment groups, each consisting of six groups of at least six individuals (minimum 36 per treatment).
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