{"id":"https://openalex.org/W1492767541","doi":"https://doi.org/10.1080/00221309.2015.1060937","title":"Simulating Personal Wealth in the Laboratory","display_name":"Simulating Personal Wealth in the Laboratory","publication_year":2015,"publication_date":"2015-07-03","ids":{"openalex":"https://openalex.org/W1492767541","doi":"https://doi.org/10.1080/00221309.2015.1060937","mag":"1492767541","pmid":"https://pubmed.ncbi.nlm.nih.gov/26273939"},"language":"en","primary_location":{"id":"doi:10.1080/00221309.2015.1060937","doi":"https://doi.org/10.1080/00221309.2015.1060937","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00221309.2015.1060937","pdf_url":null,"source":{"id":"https://openalex.org/S108318183","display_name":"The Journal of General Psychology","issn_l":"0022-1309","issn":["0022-1309","1940-0888"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","dongbi-c","erih-plus","jufo-1","medline","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of General Psychology","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","pubmed"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5013438169","display_name":"Andrew E. Brandt","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I81461992","display_name":"Ohio Wesleyan University","ror":"https://ror.org/02qj9qr34","country_code":"US","type":"education","lineage":["https://openalex.org/I81461992"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Andrew E. Brandt","raw_affiliation_strings":["a Ohio Wesleyan University","Ohio Wesleyan University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"a Ohio Wesleyan University","institution_ids":["https://openalex.org/I81461992"]},{"raw_affiliation_string":"Ohio Wesleyan University","institution_ids":["https://openalex.org/I81461992"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5027497671","display_name":"Jessica Martin","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I81461992","display_name":"Ohio Wesleyan University","ror":"https://ror.org/02qj9qr34","country_code":"US","type":"education","lineage":["https://openalex.org/I81461992"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Jessica Martin","raw_affiliation_strings":["Ohio Wesleyan University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Ohio Wesleyan University","institution_ids":["https://openalex.org/I81461992"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5013438169"],"corresponding_institution_ids":["https://openalex.org/I81461992"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":4,"citation_normalized_percentile":{"value":0.02697495,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":95},"biblio":{"volume":"142","issue":"3","first_page":"167","last_page":"181"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9804999828338623,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9804999828338623,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10646","display_name":"Experimental Behavioral Economics Studies","score":0.01940000057220459,"subfield":{"id":"https://openalex.org/subfields/3311","display_name":"Safety Research"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10517","display_name":"Financial Literacy, Pension, Retirement Analysis","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.8730000257492065},{"id":"https://openalex.org/keywords/risk-preferences","display_name":"risk preferences","score":0.5440000295639038},{"id":"https://openalex.org/keywords/risk-aversion","display_name":"risk aversion","score":0.4320000112056732}],"concepts":[{"id":"https://openalex.org/C145197507","wikidata":"https://www.wikidata.org/wiki/Q16963482","display_name":"Endowment","level":2,"score":0.7391782999038696},{"id":"https://openalex.org/C48145219","wikidata":"https://www.wikidata.org/wiki/Q1335365","display_name":"Security token","level":2,"score":0.7175046801567078},{"id":"https://openalex.org/C2781249084","wikidata":"https://www.wikidata.org/wiki/Q908656","display_name":"Preference","level":2,"score":0.5931007266044617},{"id":"https://openalex.org/C63477270","wikidata":"https://www.wikidata.org/wiki/Q2915979","display_name":"Dictator game","level":2,"score":0.5086773037910461},{"id":"https://openalex.org/C22171661","wikidata":"https://www.wikidata.org/wiki/Q1074380","display_name":"Stochastic game","level":2,"score":0.4493643343448639},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.44335752725601196},{"id":"https://openalex.org/C2779182362","wikidata":"https://www.wikidata.org/wiki/Q17126187","display_name":"Session (web analytics)","level":2,"score":0.44038981199264526},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.432122141122818},{"id":"https://openalex.org/C119996468","wikidata":"https://www.wikidata.org/wiki/Q1340861","display_name":"Endowment effect","level":2,"score":0.4266805946826935},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.39264291524887085},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.35048478841781616},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3314945697784424},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.3312262296676636},{"id":"https://openalex.org/C112698675","wikidata":"https://www.wikidata.org/wiki/Q37038","display_name":"Advertising","level":1,"score":0.2095767855644226},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.20878559350967407},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.19254440069198608},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.1278710961341858},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.07392233610153198},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0644315779209137},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[{"descriptor_ui":"D000293","descriptor_name":"Adolescent","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D005260","descriptor_name":"Female","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D005715","descriptor_name":"Gambling","qualifier_ui":"Q000523","qualifier_name":"psychology","is_major_topic":true},{"descriptor_ui":"D006801","descriptor_name":"Humans","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D007182","descriptor_name":"Income","qualifier_ui":null,"qualifier_name":null,"is_major_topic":true},{"descriptor_ui":"D008297","descriptor_name":"Male","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D011795","descriptor_name":"Surveys and Questionnaires","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D012309","descriptor_name":"Risk-Taking","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D014040","descriptor_name":"Token Economy","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false},{"descriptor_ui":"D035841","descriptor_name":"Behavioral Research","qualifier_ui":null,"qualifier_name":null,"is_major_topic":false}],"locations_count":2,"locations":[{"id":"doi:10.1080/00221309.2015.1060937","doi":"https://doi.org/10.1080/00221309.2015.1060937","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00221309.2015.1060937","pdf_url":null,"source":{"id":"https://openalex.org/S108318183","display_name":"The Journal of General Psychology","issn_l":"0022-1309","issn":["0022-1309","1940-0888"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core","dongbi-c","erih-plus","jufo-1","medline","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of General Psychology","raw_type":"journal-article"},{"id":"pmid:26273939","doi":null,"is_oa":false,"landing_page_url":"https://pubmed.ncbi.nlm.nih.gov/26273939","pdf_url":null,"source":{"id":"https://openalex.org/S4306525036","display_name":"PubMed","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1299303238","host_organization_name":"National Institutes of Health","host_organization_lineage":["https://openalex.org/I1299303238"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"The Journal of general psychology","raw_type":"Journal Article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","score":0.6299999952316284,"id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":59,"referenced_works":["https://openalex.org/W1539037327","https://openalex.org/W1548615409","https://openalex.org/W1601314759","https://openalex.org/W1963587213","https://openalex.org/W1963677491","https://openalex.org/W1964159998","https://openalex.org/W1967133855","https://openalex.org/W1972990881","https://openalex.org/W1979035234","https://openalex.org/W1982536430","https://openalex.org/W1986505942","https://openalex.org/W1988697984","https://openalex.org/W1992432206","https://openalex.org/W2002976929","https://openalex.org/W2005033227","https://openalex.org/W2006463821","https://openalex.org/W2008560333","https://openalex.org/W2016277865","https://openalex.org/W2016708334","https://openalex.org/W2017309719","https://openalex.org/W2023280179","https://openalex.org/W2026114953","https://openalex.org/W2037575798","https://openalex.org/W2038243437","https://openalex.org/W2038685322","https://openalex.org/W2040721755","https://openalex.org/W2041686768","https://openalex.org/W2042121254","https://openalex.org/W2043631535","https://openalex.org/W2049496168","https://openalex.org/W2056065564","https://openalex.org/W2060952406","https://openalex.org/W2061592058","https://openalex.org/W2068954147","https://openalex.org/W2083013496","https://openalex.org/W2083649502","https://openalex.org/W2094382346","https://openalex.org/W2114959773","https://openalex.org/W2115972775","https://openalex.org/W2121000471","https://openalex.org/W2122028729","https://openalex.org/W2122617296","https://openalex.org/W2132280838","https://openalex.org/W2133469585","https://openalex.org/W2247012305","https://openalex.org/W2397479638","https://openalex.org/W2409221738","https://openalex.org/W2412876785","https://openalex.org/W2469602117","https://openalex.org/W3011865677","https://openalex.org/W3037401213","https://openalex.org/W3121199159","https://openalex.org/W3121436536","https://openalex.org/W3123340585","https://openalex.org/W4234210156","https://openalex.org/W4242815879","https://openalex.org/W4247580648","https://openalex.org/W4254376918","https://openalex.org/W4298331648"],"related_works":["https://openalex.org/W3018573198","https://openalex.org/W2038685322","https://openalex.org/W1996658755","https://openalex.org/W275082472","https://openalex.org/W3036857950","https://openalex.org/W7097143307","https://openalex.org/W2083405899","https://openalex.org/W4414484555","https://openalex.org/W1453282501","https://openalex.org/W4302065850"],"abstract_inverted_index":{"During":[0],"laboratory":[1],"gambling":[2],"tasks":[3],"participants":[4,20,39],"are":[5],"not":[6],"typically":[7],"allowed":[8],"to":[9,48,53,60,148],"wager":[10],"their":[11],"personal":[12,133],"wealth.":[13],"Instead,":[14],"wealth":[15],"is":[16,144],"simulated":[17],"by":[18],"telling":[19],"they":[21],"have":[22],"been":[23],"endowed":[24],"with":[25,113],"game":[26,41,127,140],"tokens":[27,42,141],"that":[28,38,55,119],"will":[29],"be":[30],"later":[31],"exchanged":[32],"for":[33,89],"money.":[34],"Past":[35],"research":[36],"indicates":[37],"undervalue":[40],"following":[43],"this":[44,116],"procedure,":[45],"which":[46],"leads":[47],"elevated":[49],"risk":[50,110],"taking":[51],"compared":[52],"procedures":[54,121],"add":[56],"saliency":[57],"or":[58],"realism":[59],"the":[61,75,84,100,136],"monetary":[62],"payoff.":[63],"A":[64],"between-subjects":[65],"experiment":[66],"tested":[67],"whether":[68],"showing":[69],"a":[70],"picture":[71],"of":[72,99],"money":[73,101,143],"during":[74,83],"endowment":[76,120],"instructions":[77],"and":[78,91,129,142],"repeating":[79],"token-money":[80,105],"exchange":[81,106,138],"information":[82,107],"session":[85],"influenced":[86],"participants'":[87],"preference":[88],"risky":[90],"riskless":[92],"options.":[93],"The":[94],"results":[95],"showed":[96],"no":[97],"effect":[98],"picture.":[102],"However,":[103],"repeated":[104],"significantly":[108],"decreased":[109],"taking.":[111],"Together":[112],"past":[114],"studies,":[115],"finding":[117],"suggests":[118],"might":[122],"establish":[123],"greater":[124],"value":[125],"in":[126],"tokens,":[128],"therefore":[130],"better":[131],"simulate":[132],"wealth,":[134],"when":[135],"eventual":[137],"between":[139],"made":[145],"more":[146],"salient":[147],"participants.":[149]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2},{"year":2019,"cited_by_count":1}],"updated_date":"2026-10-31T12:09:11.096373","created_date":"2016-06-24T00:00:00"}