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Area of Science:

  • Behavioral Economics
  • Experimental Economics
  • Mobile Technology Applications

Background:

  • Traditional economic experiments often require specialized laboratory settings.
  • Conducting large-scale experiments remotely or with mobile platforms presents logistical challenges.
  • Previous research has not fully explored the potential of mobile-first, synchronous, multi-game economic experiments.

Purpose of the Study:

  • To demonstrate the feasibility of conducting synchronous, repeated, multi-game economic decision-making experiments using mobile platforms.
  • To validate that these mobile-based experiments yield recognizable and reliable results comparable to traditional lab settings.
  • To investigate the impact of group size on behavior in scalable economic games within this mobile experimental framework.

Main Methods:

  • Development and implementation of a mobile-based platform for synchronous, multi-game economic experiments.
  • Recruitment of hundreds of subjects for both in-person and remote participation.
  • Conducting 8 different experimental economics games and tasks, with subjects playing in a fixed order.
  • Analysis of results from large (N=100) versus small (N=10) group sizes in three scalable games.

Main Results:

  • The study successfully replicated established findings from traditional laboratory economic experiments.
  • Results were consistent regardless of whether the experiment was conducted in-person or remotely via live streaming.
  • Behavioral patterns in small groups largely mirrored existing literature, but significant effects of increased group size (N=100) were observed on the robustness of findings in scalable games.

Conclusions:

  • Mobile platforms offer a viable and effective means for conducting large-scale, synchronous, multi-game economic experiments.
  • This approach blurs the lines between laboratory and field experiments, enhancing accessibility and scalability.
  • Group size significantly influences the robustness of behavioral findings in economic decision-making experiments, particularly in larger groups.