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Is trust the answer to cognitive droughts? An experimental study of index insurance demand
Last registered on April 02, 2018

Pre-Trial

Trial Information
General Information
Title
Is trust the answer to cognitive droughts? An experimental study of index insurance demand
RCT ID
AEARCTR-0002715
Initial registration date
February 03, 2018
Last updated
April 02, 2018 3:05 PM EDT
Location(s)
Region
Primary Investigator
Affiliation
University of Sussex
Other Primary Investigator(s)
Additional Trial Information
Status
In development
Start date
2018-02-12
End date
2018-10-31
Secondary IDs
Abstract
Does cognitive load increase reliance on who we trust when making decisions? We design a lab in the field experiment to explore factors affecting takeup of a novel agricultural index insurance product. We randomly prime subjects to experience cognitive load, a state of limited limited mental resources, and also randomly provide endorsement of the product by a trusted individual. A short experimental game is carried out to measure subjects' risk aversion.
External Link(s)
Registration Citation
Citation
Stern, Jonathan. 2018. "Is trust the answer to cognitive droughts? An experimental study of index insurance demand." AEA RCT Registry. April 02. https://doi.org/10.1257/rct.2715-2.0.
Former Citation
Stern, Jonathan. 2018. "Is trust the answer to cognitive droughts? An experimental study of index insurance demand." AEA RCT Registry. April 02. http://www.socialscienceregistry.org/trials/2715/history/27585.
Experimental Details
Interventions
Intervention(s)
Subjects are offered a short presentation about an index insurance product. For a random sub-sample, this is followed by endorsement by a trusted individual; likely to be an agrovet or agronomist. We randomly prime a sub-group of subjects to experience cognitive load, a state of limited limited mental resources. A short experimental game is carried out to measure subjects' risk aversion.
Intervention Start Date
2018-02-12
Intervention End Date
2018-02-23
Primary Outcomes
Primary Outcomes (end points)
Uptake of index insurance
Primary Outcomes (explanation)
Secondary Outcomes
Secondary Outcomes (end points)
Secondary Outcomes (explanation)
Experimental Design
Experimental Design
The experiment is designed according to a 2x2 factorial matrix, with each cell comprising 75 individuals. Treatments are priming to induce cognitive load, and endorsement of the product by a trusted individual. All subjects participate in baseline, midline and endline surveys, including a risk aversion game.
Experimental Design Details
Randomization Method
Random selection from lists of participants.
Randomization Unit
Individual
Was the treatment clustered?
No
Experiment Characteristics
Sample size: planned number of clusters
Approximately 15 villages.
Sample size: planned number of observations
300
Sample size (or number of clusters) by treatment arms
75
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB
INSTITUTIONAL REVIEW BOARDS (IRBs)
IRB Name
University of Sussex Social Sciences & Arts C-REC
IRB Approval Date
2018-01-15
IRB Approval Number
ER/JS752/1
Analysis Plan

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Post-Trial
Post Trial Information
Study Withdrawal
Intervention
Is the intervention completed?
No
Is 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