Information and order of presentation in preference revelation

Last registered on December 02, 2024

Pre-Trial

Trial Information

General Information

Title
Information and order of presentation in preference revelation
RCT ID
AEARCTR-0014883
Initial registration date
November 22, 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
December 02, 2024, 11:09 AM EST

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

Locations

Region

Primary Investigator

Affiliation
National University of Singapore

Other Primary Investigator(s)

Additional Trial Information

Status
In development
Start date
2024-11-23
End date
2025-03-31
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
Because this is an experiment about information provision, it's critical that subjects do not know the information in advance. Hence, most of the information will be included in Experimental Design (Hidden).
External Link(s)

Registration Citation

Citation
Wang, Song. 2024. "Information and order of presentation in preference revelation." AEA RCT Registry. December 02. https://doi.org/10.1257/rct.14883-1.0
Experimental Details

Interventions

Intervention(s)
Intervention (Hidden)
Control group: Uninformed, high-performance algorithm.
Treatment 1: Informed, high-performance algorithm.
Treatment 2: Informed, low-performance algorithm.
The details of each group are explained in Experimental Design.
Intervention Start Date
2024-11-23
Intervention End Date
2025-03-31

Primary Outcomes

Primary Outcomes (end points)
Prediction accuracy; effort paid during the decision making task
Primary Outcomes (explanation)
Explained in experimental design

Secondary Outcomes

Secondary Outcomes (end points)
Following rate; WTP/WTA.
Secondary Outcomes (explanation)
Explained in experimental design

Experimental Design

Experimental Design
The experiment consists of five parts, Part 1 being baseline survey and Part 5 being endline survey. The main task of the experiment will be in Part 2-4.
Part 1 (baseline survey) will ask the participants about their basic demographic information (gender, age, race, education, language) and movie watching habit (frequency, locations, fav genres, etc.).
Experimental Design Details
Part 2-4 will consist of several rounds of repeated task. The task in each round is to show the participant 50 movies and ask them to pick the top three movies they like the most. Summary and plot from Wikipedia will be shown to participants next to each movie, with 'click to expand' function.
In Part 2, the task repeats for 13 rounds, and the movies will be displayed in random order. The difference between treatment group and control group is that participants in treatment group are informed about what's happening in Part 3 (i.e., movies in Part 3 will be ordered by recommendation algorithm instead of random ordering). At the end of Part 2, there is a quick survey of only two questions regarding their satisfaction of the movie selection so far.
In Part 3, the task repeats for 7 rounds, and the movies will be ranked based on what the algorithm thinks the participant will like the most.
In Part 4, the task repeats for another 4 rounds, and whether the movies are in random order or ranked by algorithm is decided by a multiple price list to elicit participants' WTP to receive recommendation (or WTA to avoid).

The following information is provided in Part 2 for participants in treatment group, and is provided at the beginning of Part 3 again for all participants:
- In each round of Part 3, the algorithm will use the movies selected in all previous rounds (including part 2) to make prediction
- How the algorithm works: Trained based on 32 million rating data by two hundred thousand users. Find the users that have similar taste and make recommendation accordingly.
- Performance: On average, with 75% chance, the top three favorite movies should appear among the first ten movies in each round (for T1 and Control group) and among the first twenty-five movies in each round (for T2). (i.e., T1 and C receive higher performance algo, and T2 receive lower performance algo.)

Incentive:
There is a lucky draw at the end of experiment with winning probability of 20%. Winner will be paid to watch one of the movies they have indicated as favorite in Part 3-4.

Outcome:
Prediction accuracy: For period k, construct recommendation based on info available as of period k-1, calculate prediction accuracy by matching the recommendation and subjects’ choices.
Effort: (1) Response time; (2) Number of clicks to expand movie descriptions; (3) The position of last movie being picked, as indication for the number of movies a subject browsed from the list.
Following rate: How likely a movie on the top of the list is chosen when algorithm is present.
WTP/WTA: By multiple price list.

Prediction:
- Prediction accuracy is higher for later periods as algorithm receives more information.
- Prediction accuracy at the end of Part 2: T1>C.
- Effort: T1>C. But how T1 and T2 are compared remains a question.

Part 5: Qualitative questions about their satisfaction of the movie selection, of the algorithm, and general attitude towards recommendation algorithm.
Randomization Method
By computer.
Randomization Unit
Individual.
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
NA.
Sample size: planned number of observations
US representative sample of 1000 participants on Prolific.
Sample size (or number of clusters) by treatment arms
C:T1:T2 = 1:1:1.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB

Institutional Review Boards (IRBs)

IRB Name
National University of Singapore Institutional Review Board
IRB Approval Date
2024-02-20
IRB Approval Number
N/A

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