Replication data for: The Ethics of Incentivizing the Uninformed: A Vignette Study

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Project Citation:

Ambuehl, Sandro, and Ockenfels, Axel. Replication data for: The Ethics of Incentivizing the Uninformed: A Vignette Study. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113530V1

Project Description

Summary: Our recent working paper (Ambuehl, Ockenfels, and Stewart 2017) shows theoretically and experimentally that people with higher costs of information processing respond more to an increase in the incentive for a complex transaction, and decide to participate based on a worse understanding of its consequences. Here, we address the resulting tradeoff between the principle of informed consent and the principle of free contract. Respondents to our vignette study on oocyte donation overwhelmingly favor the former and support policies that require donors to thoroughly understand the transaction. This finding helps design markets that are not only efficient but also considered ethical.

Scope of Project

JEL Classification:
      D47 Market Design
      D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
      D86 Economics of Contract: Theory
      I18 Health: Government Policy; Regulation; Public Health

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Published Versions

V1 [2019-10-12]

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