Abstract
Abstract
There is growing concern about the extent to which economic games played in the laboratory generalize to social behaviors outside the lab. Here, we show that it is possible to make a game much more predictive of field behavior by bringing contextual elements from the field to the lab. We report three experiments where we present the same participants with different versions of the dictator game and with two different field situations. The games are designed to include elements that make them progressively more similar to the field. We find a dramatic increase in lab–field correlations as contextual elements are incorporated, which has wide-ranging implications for experiments on economic decision making.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Applied Psychology,General Decision Sciences
Cited by
5 articles.
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