caa a22 4500 605488886 CHVBK 20210128100457.0 cr unu---uuuuu 210128e20150901xx s 000 0 eng 10.1007/s10683-014-9415-y doi (NATIONALLICENCE)springer-10.1007/s10683-014-9415-y Time as a medium of reward in three social preference experiments [Elektronische Daten] [Charles Noussair, Jan Stoop] We use time, rather than money, as the salient component of subjects' incentives in three workhorse experimental paradigms. The use of waiting time can be interpreted as a special type of real effort condition, in which it is particularly straightforward to achieve experimental control over incentives. The three experiments, commonly employed to study social preferences, are the dictator game, the ultimatum game and the trust game. All subjects in a session earn the same participation fee, but their choices affect the time at which they are permitted to leave the laboratory. Decisions that are associated with greater own payoff translate into the right to depart earlier. The modal proposal in both the dictator and ultimatum games is an equal split of the waiting time. In the trust game, there is substantial trust and reciprocity. Overall, social preferences are evident in time allocation decisions. We compare subjects' decisions over time and money and find no significant differences in average decisions. The pattern of results suggests that results obtained in the laboratory with money as the medium of reward generalize to other reward media. Economic Science Association, 2014 Dictator game nationallicence Ultimatum game nationallicence Trust game nationallicence Time nationallicence Noussair Charles Department of Economics and CentER, Tilburg University, Tilburg, The Netherlands aut Stoop Jan Erasmus School of Economics, Erasmus University Rotterdam, Rotterdam, The Netherlands aut Experimental Economics Springer US; http://www.springer-ny.com 18/3(2015-09-01), 442-456 1386-4157 18:3<442 2015 18 10683 https://doi.org/10.1007/s10683-014-9415-y text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10683-014-9415-y text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Noussair Charles Department of Economics and CentER, Tilburg University, Tilburg, The Netherlands aut NATIONALLICENCE 700 1- Stoop Jan Erasmus School of Economics, Erasmus University Rotterdam, Rotterdam, The Netherlands aut NATIONALLICENCE 773 0- Experimental Economics Springer US; http://www.springer-ny.com 18/3(2015-09-01), 442-456 1386-4157 18:3<442 2015 18 10683