Experimental currency units in investment tasks
Abstract
Incentivized experiments employ various designs of experimental currency units, yet there is typically little justification for choosing a particular currency framework. We study how different nominal values of experimental currency units affect risky decision-making in investment tasks. Our online experiments find no difference in risk-taking even if conversion rates vary by a factor of 1,000. Hence, we empirically reconfirm the experimental practice used for decades.
Fields of Study & Subjects
Economic theories and models
Complex Systems and Time Series Analysis
Financial Markets and Investment Strategies
Publication details
- Journal / source
- Journal of Economic Behavior & Organization
- Publisher
- Elsevier BV
- Volume
- 242
- Pages
- 107400–107400
- Publication date
- 6 January 2026
- Language
- EN