Abstract:
Blockchain-based tokens can enable the sharing economy and make society more sustainable. However, little is known about how these tokens affect human sharing behavior, making cryptoeconomic incentive design difficult. This study uses self-determination theory to examine how tokens affect information-sharing behavior. A 2×2 factorial randomized control trial with 132 participants examines the effects of two token incentives on human information-sharing behavior. Shared information earns these tokens. Collecting tokens earns money and reputation. The study examines how these incentives affect information quantity and quality, including accuracy and contextualization. In previous work, quantity over quality was a limitation. This paper found a previously unknown interaction effect between multiple tokens when applied simultaneously, as well as previously known effects like incentives crowding out intrinsic motivation. Recent work and ethical considerations are used to critically discuss the findings. The theory-based-empirical study helps the sharing economy community design effective personalized incentives.
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