Money Talks: A Comparison of Economics and Psychology Students

Date
2014-01-15
Authors
Oyama, Elyse
Contributor
Advisor
Department
Economics
Instructor
Depositor
Speaker
Researcher
Consultant
Interviewer
Annotator
Journal Title
Journal ISSN
Volume Title
Publisher
University of Hawaii at Manoa
Volume
Number/Issue
Starting Page
Ending Page
Alternative Title
Abstract
The disciplines of Economics and Psychology share one objective in their experiments: predict real behavior. However, each field has its own method of achieving actual behavior in its participants, which is either through hypothetical or actual monetary incentives. Economists believe that the use of real money gives participants motivation to invest more thought into the experiments rather than make arbitrary decisions. On the other hand, Psychologists generally believe that using money distracts participants. Current literature also shows that there have been marked differences seen between economics and Psychology students. The experimenter utilized the Ultimatum Game with both types of students with the conditions of hypothetical and actual payoffs to see if there were any significant differences in behavior based on students' academic background, the payoff structure, or another factor.
Description
Keywords
Citation
Extent
31 pages
Format
Geographic Location
Time Period
Related To
Table of Contents
Rights
All UHM Honors Projects are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission from the copyright owner.
Rights Holder
Local Contexts
Email libraryada-l@lists.hawaii.edu if you need this content in ADA-compliant format.