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Experimental practices in economics: A methodological challenge for psychologists?-Open Peer Commentary-Varying the scale of financial incentives under real and hypothetical conditions
Behavioral and Brain Sciences 24 (3):417-417 (2001)
Abstract
The use of high hypothetical payoffs has been justified by the realism and relevance of large monetary consequences and by the impracticality of making high cash payments. We argue that subjects may not be able to imagine how they would behave in high payoff situations.My notes
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