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Risk Management and Effort Fungibility Experiment

Last registered on April 25, 2022
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Pre-Trial

Trial Information

General Information

Title
Risk Management and Effort Fungibility Experiment
RCT ID
AEARCTR-0008556
Initial registration date
November 11, 2021

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
November 15, 2021, 11:36 AM EST

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

Last updated
April 25, 2022, 11:01 AM EDT

Last updated is the most recent time when changes to the trial's registration were published.

Locations

Country
United States of America
Region

Primary Investigator

Name
Johannes Jaspersen
Affiliation
LMU Munich
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Other Primary Investigator(s)

PI Name
Keith Ericson
PI Affiliation
Boston University
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PI Name
Sandra Zoller
PI Affiliation
LMU Munich
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PI Name
Andreas Dambaur
PI Affiliation
LMU Munich
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Additional Trial Information

Status
In development
Start date
2021-11-23
End date
2022-05-15
Keywords
Behavior, Finance & Microfinance, Labor
Additional Keywords
Insurance
JEL code(s)
D91, C93, G52, J22
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
The study considers the interaction of risk management with the labor decisions of individuals.
External Link(s)

Registration Citation

Citation
Dambaur, Andreas et al. 2022. "Risk Management and Effort Fungibility Experiment." AEA RCT Registry. April 25. https://doi.org/10.1257/rct.8556-5.0
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
Intervention Start Date
2021-11-23
Intervention End Date
2022-05-15

Primary Outcomes

Primary Outcomes (end points)
The outcome will be risk management take-up.
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
Experiment studies risk management in a real effort task.
Experimental Design Details
Randomization Method
Randomization is conducted within the Qualtrics randomization feature.
Randomization Unit
Individual
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
500
Sample size: planned number of observations
500
Sample size (or number of clusters) by treatment arms
250
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
The study's target enrollment will be 500 workers. This number is based on a power calculation indicating that an increase in risk management demand of 5 pp will have a statistical significance of 5% with a probability of 80%.
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
Charles River Campus Institutional Review Board
IRB Approval Date
2021-04-30
IRB Approval Number
5865X
Analysis Plan

Analysis Plan Documents

Analysis Plan

MD5: dbc32d19b4d4c6a68b62804c1a019a79

SHA1: 0d00965b7577c9dbcf122a2b127ffd0eb722c3a4

Uploaded At: November 11, 2021

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