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Fields Changed

Registration

Field Before After
Trial Status in_development completed
Trial End Date December 31, 2022 October 19, 2022
Last Published May 30, 2022 08:22 AM October 20, 2022 04:21 PM
Study Withdrawn No
Intervention Completion Date January 24, 2020
Data Collection Complete Yes
Final Sample Size: Number of Clusters (Unit of Randomization) See published article
Was attrition correlated with treatment status? No
Final Sample Size: Total Number of Observations See published article
Final Sample Size (or Number of Clusters) by Treatment Arms See published article
Public Data URL https://osf.io/hup9c/
Is there a restricted access data set available on request? No
Program Files Yes
Program Files URL https://osf.io/hup9c/
Data Collection Completion Date January 24, 2020
Is data available for public use? Yes
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Papers

Field Before After
Paper Abstract We experimentally investigate an intervention that ought to motivate innovative behavior by changing risk perceptions. Participants run a virtual lemonade stand and face a trade-off between exploiting a known strategy and exploring untested approaches. Innovation through testing new approaches comes along with a risk of failure because participants are compensated based on the profits generated by their virtual business. We test whether we can draw attention away from this risk by implementing a salience mechanism, which ought to focus participants on the input rather than the outcome of the innovative process. However, we find that this intervention is not effective in motivating innovative behavior—rather, it jeopardizes innovation. We discuss potential behavioral channels and encourage further research of risk salience as a tool to foster innovation. Our pre-registered study highlights the importance of evaluating interventions before implementation, as even carefully designed interventions may turn out to be ineffective or even backfire.
Paper Citation Matthewes E, Nassar A, Zihlmann C (2022) Fostering innovation: Experimental evidence on the effectiveness of behavioral interventions. PLoS ONE 17(10): e0276463. https://doi.org/ 10.1371/journal.pone.0276463
Paper URL https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0276463
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