Abstract
In this study, I highlight an emerging trend in nonprofessional investor research — the use of MTurk worker participants as a proxy for nonprofessional investors. I examine whether MTurk participants are appropriate participants for nonprofessional investor research by replicating the low integrative complexity experiment from Elliott et al. (2007). I compare the responses of MTurk workers to those of the M.B.A. student and nonprofessional investor participants reported by Elliott et al. (2007) on several measures of information acquisition and integration. Overall, I find mixed support for the appropriateness of MTurk worker participants. While MTurk workers do acquire and integrate information from the experimental task similarly to nonprofessional investors on some items, on others they do not.
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