Hard vs. soft commitments: Experimental evidence from a sample of French gamblers *
In: https://hal.inrae.fr/hal-04193948 ; 2023, 2023
Online
report
Zugriff:
People use commitment devices to formalize and facilitate their goals. Self-commitments are ubiquitous and may take different forms: soft, when the commitment can be broken at a low cost, or hard, when that cost is high. The effects of soft and hard commitments have usually been studied separately. We conduct an online experiment with 1527 individuals representative of a big gambling company's client population to study the comparative effects of hard and soft commitment devices in a risk taking game. Our results show that asking for a hard limit leads subjects to reduce their risk-taking even when the limit turns out to be non-binding, i.e., the commitment is ex-post soft. Hard commitments lead to slightly lower levels of risk taking.
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Hard vs. soft commitments: Experimental evidence from a sample of French gamblers *
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Autor/in / Beteiligte Person: | Bettega, Paul ; Crosetto, Paolo ; Dubois, Dimitri ; Romaniuc, Rustam ; Laboratoire d'Economie Appliquée de Grenoble (GAEL) ; Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE)-Université Grenoble Alpes (UGA)-Institut polytechnique de Grenoble - Grenoble Institute of Technology (Grenoble INP ) ; Université Grenoble Alpes (UGA) ; Centre d'Economie de l'Environnement - Montpellier (CEE-M) ; Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE)-Institut Agro Montpellier ; Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Université de Montpellier (UM) ; Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School |
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Zeitschrift: | https://hal.inrae.fr/hal-04193948 ; 2023, 2023 |
Veröffentlichung: | HAL CCSD, 2023 |
Medientyp: | report |
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