Relative skewness preferences - follow up

Last registered on August 30, 2023
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Pre-Trial

Trial Information

General Information

Title
Relative skewness preferences - follow up
RCT ID
AEARCTR-0009573
Initial registration date
June 12, 2022

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
June 15, 2022, 10:09 AM EDT

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

Last updated
August 30, 2023, 10:03 AM EDT

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

Locations

Country
China
Region

Primary Investigator

Name
Moritz Loewenfeld
Affiliation
Toulouse School of Economics
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Other Primary Investigator(s)

PI Name
Jiakun Zheng
PI Affiliation
Renmin University of China
Contact Investigator

Additional Trial Information

Status
Completed
Start date
2022-06-13
End date
2022-06-30
Keywords
Behavior, Lab
Additional Keywords
Risk Taking, Salience Theory, Regret Theory, Correlation sensitive preferences
JEL code(s)
D81
Secondary IDs
Prior work
This trial does not extend or rely on any prior RCTs.
Abstract
We test for correlation sensitive preferences and extent results of Loewenfeld and Zheng (2021). First, we aim to replicate results from a task in which subjects have to choose between two lotteries with the same marginal distribution for subjects from the general Chinese population. Second, we test for correlation sensitive preferences in choices between first-order-stochastic dominant and dominated lotteries and explore the role of task complexity in this setting.
External Link(s)

Registration Citation

Citation
Loewenfeld, Moritz and Jiakun Zheng. 2023. "Relative skewness preferences - follow up." AEA RCT Registry. August 30. https://doi.org/10.1257/rct.9573-1.1
Sponsors & Partners
Experimental Details

Interventions

Intervention(s)
We run an online experiment in which we test for correlation sensitive preferences. For details about the design, see the document "design_PAP.pdf".
Intervention Start Date
2022-06-13
Intervention End Date
2022-06-30

Primary Outcomes

Primary Outcomes (end points)
For same marginal lotteries: Frequency of choices of the lottery with positive relative skewness.
For FOSD lottery pairs: Frequencies of choices of the dominant lottery under different correlation structures. Preference reversals due to changes in the correlation structure. For details, see the document "design_PAP.pdf".
Primary Outcomes (explanation)

Secondary Outcomes

Secondary Outcomes (end points)
Secondary Outcomes (explanation)

Experimental Design

Experimental Design
For details about the design, see the document "design_PAP.pdf".
Experimental Design Details
Randomization Method
Computer.
Randomization Unit
Participant.
Was the treatment clustered?
No

Experiment Characteristics

Sample size: planned number of clusters
150 Participants.
Sample size: planned number of observations
18 choices of 150 participants each.
Sample size (or number of clusters) by treatment arms
150 Participants.
Minimum detectable effect size for main outcomes (accounting for sample design and clustering)
Supporting Documents and Materials
IRB

Institutional Review Boards (IRBs)

IRB Name
Lab of National Governance and Development, Renmin University of China
IRB Approval Date
2022-06-01
IRB Approval Number
RUCecon-202206-1
Analysis Plan

Analysis Plan Documents

design_PAP

MD5: e3c812223dcc9523dfea0eb5e078262c

SHA1: 6e5be663e8073e104badfc8ddc212201982fab7c

Uploaded At: June 12, 2022

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