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Experimental economics: rethinking the rules

Experimental economics: rethinking the rules
Experimental economics: rethinking the rules
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.
0691124795
Princeton University Press
Bardsley, Nicholas
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Cubitt, Robin
a0698cfa-d0b1-4aac-832b-383de3338db6
Loomes, Graham
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Moffatt, Peter
e72f9b2c-4ed7-43dd-bb6a-1fd0b9246cbb
Starmer, Chris
da9e77bd-8164-4e65-afc7-03dc0accfc78
Sugden, Robert
06a3d08e-046e-4955-967b-f67b59d8a393
Bardsley, Nicholas
4cc36030-2783-4def-a06f-9f2aee92663e
Cubitt, Robin
a0698cfa-d0b1-4aac-832b-383de3338db6
Loomes, Graham
850c9543-9361-4caa-a1f2-ada5ac24d2a8
Moffatt, Peter
e72f9b2c-4ed7-43dd-bb6a-1fd0b9246cbb
Starmer, Chris
da9e77bd-8164-4e65-afc7-03dc0accfc78
Sugden, Robert
06a3d08e-046e-4955-967b-f67b59d8a393

Bardsley, Nicholas, Cubitt, Robin, Loomes, Graham, Moffatt, Peter, Starmer, Chris and Sugden, Robert (2006) Experimental economics: rethinking the rules , Woodstock, GB. Princeton University Press, 384pp.

Record type: Book

Abstract

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.

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Published date: 2006

Identifiers

Local EPrints ID: 35308
URI: http://eprints.soton.ac.uk/id/eprint/35308
ISBN: 0691124795
PURE UUID: db952d6a-e69c-4e9b-9218-a56274b6e129

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Date deposited: 12 May 2006
Last modified: 23 Jul 2020 16:33

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