International Research Project on Decision Making
How to split up an Inheritance of 1,200 USD between Three Parties
You are invited to participate in an international research project on decision making. As we conduct the experiment parallel in Argentina, Germany and the United States, our main focus is to discern possible differences in making financial decisions based on various cultural backgrounds.
What are we asking for?
A month ago ‘Aunt Luise’ died. This sad instance led to a brief reunion of her one niece and two nephews. ‘Aunt Luise’ willed $1,200 to the three of them. In her last will, she stated the rules of splitting up this inheritance. In a first step, you will have to make a proposal of how to divide up this inheritance, and in a second step you will have to decide which of the existing proposals you would actually accept. There are no right or wrong answers. Your answers will serve as a means to distribute the hard currency (USD) we were provided with. The maximum payoff for one participant could be up to $1,000.
In addition, we incorporated a bonus experiment for sharing your most precious numerical figure between 0 and 100. The second experiment is not linked to the first one, but we do offer another $200 for the winner.
This is a joint research project with the Universidad Nacional de Rafaela, Argentina. All you have to invest is 10-15 minutes of your precious time. Participation is voluntary, and you can withdraw from the survey at any time without any penalties. You can participate anonymously or by providing personal identifiers. All of the data you provide will be kept confidential. The moment we forward the financial rewards to the winning parties, the personal identifiers will be deleted. For the main research analysis we will use the anonymized data only.
You are more than welcome to invite friends and family to participate – thereby increasing your joint chances of winning as well as substantiating the experimental findings!Participation ends at midnight on December 31, 2018. We thank you for enhancing economic insights. The main findings of the research project will be posted on our website.
Thank you for your kind cooperation and all the best for the draw!
Prof. Dr. Ruben Ascua & Hernan Revale
Graduate School of Management, University of Applied Sciences Kaiserslautern (Germany)
H-E-B School of Business & Administration, University of the Incarnate Word (USA)
Universidad Nacional de Rafaela, Argentina
For questions about your rights as a research participant or to discuss problems, complaints or concerns about a research study, or to obtain information or offer input, contact the UIW Institutional Review Board (IRB) at (210) 805-3036. This research and survey tool has been approved by the UIW IRB (IRB # 18-12-003). The project is to end by April 30, 2018.
The funding by the University of Applied Sciences Kaiserslautern, GER, and the Universidad Nacional de Rafaela, ARG, is thankfully acknowledged.