Open research questions in Experimental Behavioral Economics Studies
440 gap statements mined from Experimental Behavioral Economics Studies papers in our 7.9M-paper local library, which holds 5,493 papers on the topic — drawn mostly from each paper's own stated research gap, future-work, challenge and limitation notes, and its abstract. The ones listed below are a selection still marked open; each names the study that raised it, with a DOI link where the paper has one.
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What the literature leaves open
Lack of analysis on the stability of contests with reputation. Limited understanding of how reputation affects agents' behavior in contests.
Whether responses to different opportunity structures vary by social value orientation (SVO), particularly when individuals have more opportunities than others, remains unclear.
Social Value Orientation Moderates Fairness Perceptions and Willingness to Continue Under Different Opportunity Structures · 2026 · DOIThis study introduces a novel form of social comparison nudge not yet explored by policy makers, the outgroup comparison.
The experiment had a limited number of participants. One participant decided to leave the experiment in one session. Technical issues occurred in one session, resulting in an error.
Future research should investigate the robustness of the findings in different economic environments. The study's results can be extended to other domains, such as finance and marketing.
Future research could examine the implications of moral accounting for decision-making in other contexts. It could investigate the mechanisms underlying moral spillovers and the role of responsibility in shaping prosocial behavior.
It notes that prior work has not fully examined the concept of moral accounting and its implications for moral spillovers.
Our experiments are limited to a simple domain, which may not capture the complexities of real-world settings. Additionally, while linear contracts offer simplicity and interpretability, it is not necessarily the case for learned contract policies, which remain difficult to analyze. Future Work.
The study used a survey design, which may be subject to biases and limitations. The sample was limited to 6,601 participants, which may not be representative of the broader population. The study did not control for all potential confounding variables.
Consistent kindness: Money allocation and kind act decisions are regulated by a ‘welfare trade-off ratio’ · 2026 · DOIFuture research could aim to further validate the Kindness Questionnaire and establish its usefulness in a variety of contexts. Future research could also explore the implications of the study's findings for understanding prosocial behavior and developing interventions aimed at increasing kindness.
Consistent kindness: Money allocation and kind act decisions are regulated by a ‘welfare trade-off ratio’ · 2026 · DOIThe study had a limited sample size of 92 adults. The study did not investigate the neural mechanisms underlying prosocial model-based decision-making.
Deciding for others diminishes model-based decision-making but depends on individual prosociality · 2026 · DOIFuture research should investigate the neural mechanisms underlying prosocial model-based decision-making. Future research should examine the implications of the study's findings for decision-making in everyday life.
Deciding for others diminishes model-based decision-making but depends on individual prosociality · 2026 · DOIThe unitary actor assumption is an oversimplification of the complex interplay of individual preferences within an organization. There is a lack of an operational method for deriving an organizational utility function from individual preferences.
Revisiting the Unitary Actor Assumption: Toward Realistic Aggregation of Individual Preferences in Strategy Research · 2026 · DOIThe paper identifies a gap in the existing literature on principal-agent theory, which assumes that agents are opportunistic. The paper argues that this assumption is not always valid and introduces a new model that distinguishes between opportunistic agents and caring agents.
The Efficiency of Moral Character: Modelling Principal–Agent Relations and Caring Agents Within the Fiduciary · 2026 · DOIInterpersonal preferences may influence decision making under uncertainty, but this has not been fully explored.
Do unto others: A theory and experimental test of interpersonal preference factors in decision making under uncertainty · 2026 · DOIThe standard picture of audit failure as negligence or wrongdoing does not explain the regularity of recurring deficiencies. There is a need for a new explanation of the recurrence of IT-related internal-control deficiencies. The paper identifies a gap in the literature regarding the role of observability in audit failure.
An Equilibrium Without Collusion: Observability, Strategic Inattention, and the Recurrence of IT-Related Control Deficiencies · 2026 · DOIFuture research could examine these mechanisms, both as mediators and moderators, to provide a more comprehensive understanding of how management control systems influence budgeting behavior.
Trust as a behavioral mechanism linking incentive schemes to budgetary slack: A laboratory experiment · 2026 · DOIThe study faces challenges in collecting data from rural Colombian communities, where literacy is limited. The research requires obtaining informed consent from participants, which is done verbally and in writing. The study must address the complexity of analyzing multiplex network data, with 865,944 binary data-points and 76,427 positive values.
Social and economic consequences of prestige and dominance in rural Colombian social networks · 2026 · DOITracing inventor career paths is challenging due to limited employment records. The lack of standardized reporting requirements and the absence of universally accepted assessment methodologies among rating agencies create scope for selective disclosure and controversial reporting practices. The study faces challenges in measuring firm-level integrity culture and ESG controversies scores.
As we have discussed in the introduction, our findings help to understand the mixed evidence in the literature on direct versus contingent decision-making in trust and related games. The mixed evidence can be understood by viewing emotional responses and duty to reciprocate as mechanisms leading to opposite effects.
These assumptions may fail when heirs are present-biased, when they place excessive weight on current consumption, or when their actions impose costs on other household members.
Ensuring that the final analytic sample would remain adequately powered after allowing for incomplete participation or exclusions due to task comprehension. Addressing the sphericity assumption in the repeated-measures ANOVA. Interpreting the results in the context of children's developmental patterns and cooperative behaviors.
Developmental Patterns in Cooperative Contexts: How Children Integrate Social Strategy and Resource Endowment in Third-Party Responses · 2026 · DOIThe study does not provide a comprehensive analysis of all possible factors that may influence strategic behaviour, - The experiment is limited to two dominance-solvable games, - The study relies on a simple opponent-matching…
Further research could investigate the effects of incentives on strategic behaviour in more complex environments, - Future studies could explore the role of cognitive effort in shaping strategic decisions, - Additional research could examine the impact of incentives on behaviour in different…
Investigate how children's resource-based preferences develop over time, - Examine the impact of different types of resource cues on children's social responses, - Explore the relationship between resource endowment and social status in children's…
Developmental Patterns in Cooperative Contexts: How Children Integrate Social Strategy and Resource Endowment in Third-Party Responses · 2026 · DOI
Most-cited papers in Experimental Behavioral Economics Studies
- A Theory of Fairness, Competition, and Cooperation · The Quarterly Journal of Economics · 1999 · 8,294 citations
- Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving · The Economic Journal · 1990 · 4,203 citations
- Multitask Principal–Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design · The Journal of Law Economics and Organization · 1991 · 4,002 citations
- Altruistic punishment in humans · Nature · 2002 · 3,944 citations
- ERC: A Theory of Equity, Reciprocity, and Competition · American Economic Review · 2000 · 3,795 citations
- Regression Discontinuity Designs in Economics · Journal of Economic Literature · 2010 · 3,573 citations
- Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias · The Journal of Economic Perspectives · 1991 · 3,546 citations
- Towards an understanding of inequity. · Journal of Abnormal & Social Psychology · 1963 · 3,508 citations
- An experimental analysis of ultimatum bargaining · Journal of Economic Behavior & Organization · 1982 · 3,326 citations
- Cooperation and Punishment in Public Goods Experiments · American Economic Review · 2000 · 3,221 citations
Most recent work
- The Social Origins of Effort: How Incentives Reduce Socioeconomic Disparities among Children · American Sociological Review · 2026
- Incentivizing social norm elicitation · Experimental Economics · 2026
- De Gustibus and Disputes about Reference Dependence · The Review of Economic Studies · 2026
- Outsiders and Effective Collective Action in Irrigation Organizations: Do Illegal Withdrawals Harm Internal Cooperation? · Water Resources Management · 2026
- Neural signatures of context-dependent trust: How strategic interaction and social value orientation shape prosocial decisions · NeuroImage · 2026
- Can LLMs Replace Economic Choice Prediction Labs? The Case of Language-based Persuasion Games · Journal of Artificial Intelligence Research · 2026
- Group identity and cooperation in infinitely repeated games · Economic Theory · 2026
- Ambiguity attitudes and beliefs in strategic and non-strategic interactions · Journal of Risk and Uncertainty · 2026
- Money talks? How different incentive schemes influence prosocial behavior in economic games · Experimental Economics · 2026
- Algorithmic cooperation: A comparison with human play in the infinitely repeated prisoner’s dilemma · Games and Economic Behavior · 2026
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