Experimental Economics : : Rethinking the Rules / / Nicholas Bardsley, Robin Cubitt, Robert Sugden, Peter Moffatt, Chris Starmer, Graham Loomes.

• Superior document: Title is part of eBook package: De Gruyter Princeton University Press eBook-Package Backlist 2000-2013
• VerfasserIn: Bardsley, Nicholas,; Cubitt, Robin,; Loomes, Graham,; Starmer, Chris,; Sugden, Robert,
• Place / Publishing House: Princeton, NJ : : Princeton University Press, , [2009]; ©2010
• Year of Publication: 2009
• Edition: Course Book
• Language: English
• Physical Description: 1 online resource (384 p.) :; 40 line illus.

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic theory, the methodology of economics, philosophy of science, and the econometrics of experimental data to offer a balanced and integrated look at the nature and reliability of claims based on experimental research. The authors explore the history of experiments in economics, provide examples of different types of experiments, and show that the growing use of experimental methods is transforming economics into a genuinely empirical science. They explain that progress is being held back by an uncritical acceptance of folk wisdom regarding how experiments should be conducted, a failure to acknowledge that different objectives call for different approaches to experimental design, and a misplaced assumption that principles of good practice in theoretical modeling can be transferred directly to experimental design. Experimental Economics debates how such limitations might be overcome, and will interest practicing experimental economists, nonexperimental economists wanting to interpret experimental research, and philosophers of science concerned with the status of knowledge claims in economics.

Table of Contents

Frontmatter -- Contents -- Preface -- 1. Introduction -- 2. Theory Testing and the Domain of Economic Theory -- 3. Experimental Testing in Practice -- 4. Experiments and Inductive Generalization -- 5. External Validity -- 6. Incentives in Experiments -- 7. Noise and Variability in Experimental Data -- 8. Conclusion -- References -- Index