Students are popular test subjects for many studies in behavioral sciences. However, using only students does not reveal the full picture about people in general. In fact, many of the students' decisions in those experiments differ from those of other population groups. These are the findings of a new, extensive study consisting of 36 experiments which was conducted by a team of behavioral scientists.
From: Martin-Luther-Universität Halle-Wittenberg
September 12. 2022 -- Students
are popular test subjects, especially in behavioural economics. "This
makes sense because students are open to and interested in scientific studies,
they are already in a university setting, and also they are receptive to
financial incentives offered in those studies," says Dr Sven Grüner from
the Institute of Agricultural and Food Sciences at MLU. "However, it is
unclear whether students are representative of other population groups -- after
all, they differ in important ways, such as age and income." To answer
this question, the behavioural economist conducted an elaborate study using 300
test subjects. The result: Only limited conclusions can be drawn from students
about the behaviour of other people.
In a total of 36
sub-experiments, Grüner compared the decisions of agricultural science students
to those of farmers. The team examined individual characteristics such as
risk-taking, impatience, altruism, trust, punishing unfair and rewarding
generous behaviour. "We used established economic experiments from
decision and game theory," Grüner explains. For example, when determining
willingness to take risks, the test subjects were given the choice between a
higher probability of winning a small amount of money and a lower probability
of winning a higher amount of money. "We gradually increased the monetary
incentives in all of the experiments to see how the expected sum influenced
decisions," says Grüner. Contrary to previous studies, the incentive was
actually given to the subjects afterwards, because theoretical earnings could
falsify the results: If participants knew they would not get any money, they
might have shown a greater degree of socially desirable behaviour.
The results of the
comprehensive study revealed a very mixed picture: for example, there are no
clear differences between the groups in terms of risk-taking. "This
contradicts earlier studies in which students were more risk averse than
farmers," says Grüner. The differences were also slight when it came to
trust and rewarding generous behaviour. However, when testing for the groups'
patience there were bigger differences: farmers were much more likely to choose
the option with the higher probability of a lower pay out, while students were
consistently found to be more patient and wait longer for more money. At the
same time, farmers turned down unfair offers more often, even when this meant
they would not get any money themselves. These finding are not in line with
earlier studies that showed similar behaviour among students and other
population groups, says Grüner.
"Our study shows
that it is really problematic to generalize the behaviour of students to other
real actors. This could call into question a lot of the results of previous
studies -- not only in agricultural sciences, but across all disciplines,"
adds Grüner. This is also a sensitive topic because surveys on individual
decision-making examine important questions about the future: risk behaviour
and patience, for example, are decisive criteria for investing in sustainable
production structures that usually only pay off after many years. The new study
helps to identify factors that can be used to weight the results.
The study was funded by
the Deutsche Forschungsgemeinschaft (DFG, German Research Foundation)
https://www.sciencedaily.com/releases/2022/09/220912112412.htm
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