Experimental Economics at Florida State University
Thank you for your interest in being a subject in one of our decision-making experiments.
If you are chosen for an experiment, you will be given a specific consent form which
will make a formal disclosure of information to you and which you will be asked
to sign. The following information covers much of the same material as you will
see in the consent form, but this is not a consent document. It is a disclosure
document to provide you with information before you decide whether or not to sign
You are being invited to participate voluntarily in this research experiment to
study the economics of decision-making. We will not report your participation,
your decisions, or your payments to your professors, your friends, nor in any identifiable
way in our research. Payments are not now but in the future could be reported to
appropriate tax authorities depending upon instruction that we could be given from
Florida State University. Our research is related to how individuals and groups
of individuals make decisions in the context of market or market-like institutions.
Our research is NOT related to your medical or psychological history, nor is it
related to sensitive issues of your personal life (criminal records, sexual behavior,
alcohol or drug abuse). These experiments are neither IQ tests nor are they tests
of general economic knowledge.
Certain criteria (such as class at the university or previous participation) may
play a role in how the set of subjects is selected for any one particular experiment.
This may change from one experiment to another. Only persons 18 years of age or
older may participate.
Experiments will typically last up to two hours (unless clearly pre-announced otherwise).
You may be assigned to a participant name or role by chance, like the "flip of a
coin" or "random arrival." You will be asked to make decisions in a Florida State
University classroom or computer lab.
Participation Costs and Subject Compensation
In addition to a guaranteed $10.00 payment for showing up on time, you will
have the opportunity to earn additional compensation, which will be based
upon your decisions, the decisions of others who are in the experiment, and the
rules within which those decisions are made. You are free to ask any questions
about the rules as to how your compensation will be determined. Any compensation
you receive as a result of your participation in this experiment is taxable income.
Your earnings in the experiment are not now but could be reported for taxation purposes,
but your decisions in the study will remain confidential and will not be forwarded
to tax authorities. You are free to withdraw from the experiment without compensation
at any time. If you should choose to withdraw, you may keep the $10.00 show-up
payment. Likewise, should any unforeseen event (e.g. power failure, computer problems,
the wrong number of participants showing-up, etc.) cause an unexpected cancellation
in your participation after you have arrived on time and are ready to participate,
you will be paid your guaranteed show-up payment.
Risks and Benefits
There are no known health risks or health benefits for this experiment beyond those
from any other typical activity in a Florida State University classroom or computer
lab. We do not employ deception. If we make a representation to you about the experiment,
to the best of our knowledge it is true.
The confidentiality of any personal information will be protected to the extent
allowed by law. To the extent allowed by law, our rule is that only the researchers
and any research assistants conducting this experiment may know what your earnings
are (subject to tax reporting and auditing requirements) and only researchers affiliated
with the experimental economics research group at Florida State University may have
access to any other data with your name. Your name will not be reported with any
results related to this research.
You can obtain further information from Prof. Mark Isaac at 850-644-7081 or by
email at firstname.lastname@example.org.
If you have questions concerning your rights as a research subject, or
if you believe I have been placed at risk, you should call the Human
Subjects Committee Hotline Information Number at 644-8836.
Before giving your formal consent at the time of the experiment, the methods, inconveniences,
risks, and benefits will be explained to you and you will have a chance to ask questions.
You may ask questions at any time and you are free to withdraw from the project
at any time without causing bad feelings. Your participation in this project may
be ended by the investigator or by the sponsor for reasons that would be explained,
but which will carry no bad effects beyond this experiment. In either case, you
will be paid your show-up fee. Should you decide to participate, your signed and
witnessed consent form will be filed in an area designated by the human subjects
committee with access restricted to an authorized representative of the Florida
State University economics department. You will not give up any of your legal rights
should you sign the consent form and agree to participate in a specific experiment.
A copy of the consent form will be given to you in advance of an experiment upon
request by calling Prof. Mark Isaac at 850-644-7081.
Please bring a photo-I.D. with you to any experiment.
If you have read and understand the above, please click here to
see the calendar
for future experiments or here
sign up to be eligible to participate.