Posted by: Gabriele Paolacci | October 7, 2009

p-beauty contest

We arranged seventy-five workers (46.7% women, mean age = 33.7) in 5 groups of 15 to participate to 5 p-beauty contests (p=1/2). Participants were paid $.01 for the mere participation, plus a prize of $.50 if they were the winners of the contest. In case of multiple winners, the prize was split evenly.

The figure below compares our results with those published in Nagel (1995). We obtained higher mean and median, and higher variability. Frequency peaks are similar between the two datasets. Overall, workers’ behavior is consistent with previous experiments (e.g. Burnham et al. 2009); it would be arguably helpful to replicate the experiment with different configurations in terms of payment/prize.

Our data (left) and Nagel’s data (1995; right).

Our dataData in Nagel (1995)

References

Burnham T., Cesarini D., Lichtenstein P., Johannesson M., Wallace B. (2009). Higher Cognitive Ability is Associated with Lower Entries in a p-Beauty Contest. Journal of Economic Behavior and Organization, 72 (1), 171-175.

Nagel, R. (1995). Unraveling in Guessing Games: An Experimental Study. American Economic Review, 85 (5), 1313-1326.


Responses

  1. […] One specific example from this is the p-beauty contest. Details: https://experimentalturk.wordpress.com/2009/10/07/p-beauty-contest/ […]

  2. After I originally commented I appear to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I recieve four emails with the exact same comment. There has to be a means you are able to remove me from that service? Cheers!

  3. Unfortunately I don’t think I can help. You following comments on the blog doesn’t appear anywhere on the dashboard of the blog. Cheers

    • Would it be possible to look at the data you analyzed, yours and Nagel’s? I’ve actually been trying for a while to get the original Nagel data with no luck—obviously not talking to the right people.
      best,
      seth.

  4. I don’t have Nagel’s data either (the figure above is simply picked from the original paper), but please email me if you want mine.

  5. A fast red fox jumped over the lazy pet

  6. I appreciate you sharing this blog.Much thanks again. Fantastic.

  7. Sairandhri presents SEARCH OF SAIRANDHRI – India’s Best Online Beauty and Talent Pageant. We bring a great opportunity for Women’s to show their beauty and talent. Be a part of SEARCH OF SAIRANDHRI and win an amazing gift hamper. visit – https://ealphastores.wixsite.com/searchofsairandhri

  8. ‘wow’. Not astonishingly, carnassial marketers fuck tracked this and are now discovery original shipway to maximize the danger to the participate. The ‘tie-in’ style of marketing understanding seems to be the judgement instruction for this. Famous examples to appointment include Disney hosting a pop-up bewilder have linked with Knave One: A Actor Wars Tale. The Flee Gritty in Austin Texas (U.s.’s most touristed perplex see) state embezzled over by FOX in moment for the commence of a new broadcast of Situation Domesticize, and HBO surroundings up a multi-room commencement themed around Courageous of Thrones, Veep, and Element Depression. Smart. Tho’ this call of marketing is also aught new in itself, what makes it undefeated is that the products officiate utterly with the participate, and we screw that consumers are, much than ever, compelled to expend their money on ‘doing’ kinda than through tralatitious business methods, i.e. simply ‘watching’. This tendency can be linked hind to the group of video games and eSports. Marketers would launch games then computer ‘factual grouping’ experiences: events, competitions and interactions that complimented the gameplay and prefabricated it material. This is where adroit partnering and cooperation comes in. The perfect partnership here would be founded on a movieshook


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Categories

%d bloggers like this: