Matt_Simpson comments on Experiment Idea Thread - Spring 2011 - Less Wrong

28 Post author: Psychohistorian 06 May 2011 06:10PM

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Comment author: Matt_Simpson 06 May 2011 06:59:47PM 0 points [-]

1) I'm surprised this hasn't already been done. Many economists like to argue that "people are rational when it counts" i.e. when there's stronger incentives. Similar to your proposal, I'm interested in seeing how priming affects decisions with incentives, and to my knowledge, this hasn't been done either (but IIRC it has been done without incentives).

2) IIRC the results have been replicated with economics and/or psychology graduate students (citation needed).

Comment author: Barry_Cotter 06 May 2011 08:26:13PM 1 point [-]

1) Different but related; people who trade stuff a lot suffer much less from the endowment effect, also while people are crap at randomising normally with money at stake they get better very quickly.

Comment author: JoshuaZ 06 May 2011 07:04:07PM 0 points [-]

It is possible that 1) has been done but if so I haven't seen the studies.