10.17889/E110670
Ambuehl, Sandro
Ockenfels, Axel
Replication data for: The Ethics of Incentivizing the Uninformed: A Vignette Study
ICPSR Inter-university Consortium for Political and Social Research
2017
10.1257/aer.p20171109
10.1257/aer.p20171109
V0
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.