Publication: How do monetary incentives affect the measurement of social preferences?
How do monetary incentives affect the measurement of social preferences?
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Fehr, E., Senn, J., Epper, T., & Henkel, A. (2025). How do monetary incentives affect the measurement of social preferences? (No. 482; Working Paper Series / Department of Economics).
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In this registered report, we investigate (i) whether incentives affect subjects’ willingness to pay to increase, and to decrease the payoff of others, (ii) whether they affect the distribution of social preference types, and (iii) whether they affect the strength and the precision of individuals’ structurally estimated social preference parameters. Using an online experiment with a general population sample, we show that the use of monetary incentives, as well as the size of the stakes, have little impact on subjects’ modal choices (
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Citations
Fehr, E., Senn, J., Epper, T., & Henkel, A. (2025). How do monetary incentives affect the measurement of social preferences? (No. 482; Working Paper Series / Department of Economics).