However, a recent meta-study of Camerer and Hogarth (1999) indicates that the modal effect of stake size on mean experimental outcomes is zero (though variance is usually reduced by higher payment). This coincides with the results of a similar study by Smith and Walker (1993). Moreover, Brandts and Charness (2000) as well as Cason and Mui (1998) report evidence indicating that the strategy method does not induce different behaviors.

XREF: Relevant to experimental design choices in behavioral economics; connects to methodological debates about incentive magnitude and elicitation methods.

Ernst Fehr, Third-Party Punishment and …, loc. 26