A comparative study of lotteries-evaluation in class and on the Web

Tal Shavit; Doron Sonsino; Uri Benzion

doi:10.1016/S0167-4870(01)00048-4

A comparative study of lotteries-evaluation in class and on the Web

Tal Shavit, Doron Sonsino, Uri Benzion

Research output: Contribution to journal › Article › peer-review

28 Scopus citations

Abstract

We report the results of an experiment in which 135 students were asked to bid buying prices for five simple lotteries. 65 subjects were asked to complete the evaluation forms in class; the other 70 subjects were asked to complete the questionnaire within 24 hours on the Web. The subjects for both groups were carefully selected to avoid a possible selection-bias. The main results are: (1) bids on the Web are significantly higher than bids in class; (2) the standard deviations of the bids are significantly higher on the Internet. We also find some differences across gender in the response to the electronic medium. Our results suggest that subjects "risk aversion" might be lower on the Web and that the Internet medium might increase the noise in experimental data.

Original language	English
Pages (from-to)	483-491
Number of pages	9
Journal	Journal of Economic Psychology
Volume	22
Issue number	4
DOIs	https://doi.org/10.1016/S0167-4870(01)00048-4
State	Published - Aug 2001
Externally published	Yes

Keywords

2260
C91
D80
Gender
Internet experiments
Lotteries-evaluation

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10.1016/S0167-4870(01)00048-4

Cite this

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title = "A comparative study of lotteries-evaluation in class and on the Web",

abstract = "We report the results of an experiment in which 135 students were asked to bid buying prices for five simple lotteries. 65 subjects were asked to complete the evaluation forms in class; the other 70 subjects were asked to complete the questionnaire within 24 hours on the Web. The subjects for both groups were carefully selected to avoid a possible selection-bias. The main results are: (1) bids on the Web are significantly higher than bids in class; (2) the standard deviations of the bids are significantly higher on the Internet. We also find some differences across gender in the response to the electronic medium. Our results suggest that subjects {"}risk aversion{"} might be lower on the Web and that the Internet medium might increase the noise in experimental data.",

keywords = "2260, C91, D80, Gender, Internet experiments, Lotteries-evaluation",

author = "Tal Shavit and Doron Sonsino and Uri Benzion",

note = "Funding Information: Doron Sonsino thanks the fund for the promotion of research at the Technion and the Israel Science Foundation for its financial support. We also thank two anonymous referees, participants in a seminar in Bielefeld University, and participants in the Ryde 2000 symposium on experimental economics for comments and suggestions. ",

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AU - Benzion, Uri

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A comparative study of lotteries-evaluation in class and on the Web

Abstract

Keywords

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