The exchange for money between street performers and audiences is a changing landscape. Using unique data from an online platform The Busking Project we investigate what type of street performers, who engage with the platform, are more likely to receive donations and which characteristics generate higher dollar amounts of donations.Continue reading “BEYOND THE REALM OF CASH: STREET PERFORMERS AND DONATIONS IN THE ONLINE WORLD”
By Boram Lee
Nudge might sound like “marketing with psychological tricks,” and nothing new; its effectiveness may run out as society gets wise. The science of “nudge” is, however, changing the context of how the options are presented. We wanted to explore whether we could implement the concept of “nudge” in order to increase private donations to art organisations. When potential donors were nudged to donate, we observed significant loss aversion effects as frequent gallery-goers donated more in order to avoid losing an exhibition.
By Luigi Di Gaetano and Isidoro Mazza
Economic downturns and policy reversals have caused a shortage of public and private funding for many museums. Museums in dire straits have therefore considered deaccessioning part of their collection. The question whether deaccessions could be a viable, although exceptional, option continues to ignite a lively debate and a fierce opposition by museum associations around the world fearing that deaccessioning would send a bad signal to donors. The study investigates this hypothesis using a game theory approach.