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Needs and empathy when deciding for others
Last registered on September 29, 2019

Pre-Trial

Trial Information
General Information
Title
Needs and empathy when deciding for others
RCT ID
AEARCTR-0003773
Initial registration date
January 04, 2019
Last updated
September 29, 2019 9:40 AM EDT
Location(s)

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Primary Investigator
Affiliation
Other Primary Investigator(s)
PI Affiliation
Mälardalen University
Additional Trial Information
Status
In development
Start date
2019-01-06
End date
2019-12-31
Secondary IDs
Abstract
Risk taking on behalf of others is common in many decisions and has been the focus of recent research in economics, finance and psychology. Majority of the previous research involving experiments did not provide any information to the decision makers about those on whose behalf they make decisions. More recent studies focused on the effect of social distance (i.e., making decisions for oneself, a friend, or a stranger) on risk preferences (see, e.g., Montinari and Rancan, 2018; Batteux, Ferguson and Tunney, 2017; Zhang et al., 2017). Different from these, the current study aims to test the effect of needs of other people on risk attitudes and their degree of loss aversion when making risky decisions on behalf of others. For that purpose, we will randomly assign clients to decision makers either from an African country that is characterized by poverty or from a Western country that is characterized by prosperity. More precisely, in our study, participants from the US, who are going to be recruited from Amazon Mechanical Turk, will make risky decisions for either themselves (control group), a person from England (treatment 1), or a person from the Gambia (treatment 2). Participants in the role of decision makers will be informed about the nationality of their clients.
External Link(s)
Registration Citation
Citation
Buturak, Gökhan and Emre Yildiz. 2019. "Needs and empathy when deciding for others." AEA RCT Registry. September 29. https://doi.org/10.1257/rct.3773-4.0.
Former Citation
Buturak, Gökhan and Emre Yildiz. 2019. "Needs and empathy when deciding for others." AEA RCT Registry. September 29. https://www.socialscienceregistry.org/trials/3773/history/54323.
Sponsors & Partners

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Experimental Details
Interventions
Intervention(s)
Intervention Start Date
2019-01-07
Intervention End Date
2019-07-31
Primary Outcomes
Primary Outcomes (end points)
Differences in the degree of risk aversion and loss aversion between decisions made for self, for another person from England and for another from the Gambia.
Primary Outcomes (explanation)
Secondary Outcomes
Secondary Outcomes (end points)
Secondary Outcomes (explanation)
Experimental Design
Experimental Design
The experiment is based on a between-subject design and consists of the elicitation of risk preferences using choice lists.
Experimental Design Details
Not available
Randomization Method
Randomization is done by computer.
Randomization Unit
Randomization was done at the individual level.
Was the treatment clustered?
No
Experiment Characteristics
Sample size: planned number of clusters
300 pairs of participants = 600 participants (300 of which will be in the role of decision maker).
Sample size: planned number of observations
300.
Sample size (or number of clusters) by treatment arms
About 100 pairs for each of the control and two treatment groups.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
IRB
INSTITUTIONAL REVIEW BOARDS (IRBs)
IRB Name
Manchester Metropolitan University, Business School Ethics Committee.
IRB Approval Date
2018-07-23
IRB Approval Number
2018-0676-504