NDLI: Is there selection bias in laboratory experiments? The case of social and risk preferences

Content Provider	Springer Nature Link
Author	Cleave, Blair L. Nikiforakis, Nikos Slonim, Robert
Copyright Year	2012
Abstract	Laboratory experiments are frequently used to examine the nature of individuals’ social and risk preferences and inform economic theory. However, it is unknown whether the preferences of volunteer participants are representative of the population from which the participants are drawn, or whether they differ due to selection bias. To answer this question, we measured the preferences of 1,173 students in a classroom experiment using a trust game and a lottery choice task. Separately, we invited all students to participate in a laboratory experiment using common recruitment procedures. To evaluate whether there is selection bias, we compare the social and risk preferences of students who eventually participated in a laboratory experiment to those who did not, and find that they do not differ significantly. However, we also find that people who sent less in a trust game were more likely to participate in a laboratory experiment, and discuss possible explanations for this behavior.
Starting Page	372
Ending Page	382
Page Count	11
File Format	PDF
ISSN	13864157
Journal	Experimental Economics
Volume Number	16
Issue Number	3
e-ISSN	15736938
Language	English
Publisher	Springer US
Publisher Date	2012-10-18
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Selection bias Laboratory experiments External validity Social preferences Risk preferences Economic Theory Methodology and the History of Economic Thought Microeconomics Public Finance & Economics Operations Research/Decision Theory
Content Type	Text
Resource Type	Article
Subject	Economics, Econometrics and Finance

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