Experimental economics: rethinking the rules
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Princeton [u.a.]
Princeton Univ. Press
2010
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis Klappentext |
| Item Description: | Literaturverz. S. [347] - 368 ndex |
| Physical Description: | VIII, 375 S. graph. Darst. |
| ISBN: | 9780691124797 |
Staff View
MARC
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Record in the Search Index
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|---|---|
| adam_text | Contents
Preface
vii
1
Introduction
1
1.1 Experiments
in
Economies
1
1.2
Does
Economies
Need Experiments?
4
1.3
The Practice of Experimental Economics
11
1.4
The Illustrations and the Structure of the Book
23
1.5
Methods, Methodology, and Philosophy of Science
36
2
Theory Testing and the Domain of
Economie
Theory
46
2.1
Domain Restrictions: Economic Theory and the Laboratory
46
2.2
Generality and External Validity
49
2.3
The Blame-the-Theory Argument
54
2.4
The Concept of Domain
56
2.5
The Laboratory and the Three Senses of Domain
64
2.6
Application to Experimental Tests of Choice Theory
71
2.7
Application to Experimental Tests of Equilibrium Predictions
85
2.8
Conclusions
92
3
Experimental Testing in Practice
95
3.1
Preliminaries
95
3.2
Experimental Testing and the Duhem-Quine Thesis
95
3.3
On the Significance of the DQT for Testing
106
3.4
On Testing Game Theory
114
3.5
Hard Cores, Progress, and Experiments
128
3.6
Conclusion
138
4
Experiments and Inductive Generalization
141
4.1
Preliminaries
141
4.2
Deduction versus Induction
142
4.3
How Inductive Investigation Works
145
4.4
Experiments as Tests
150
4.5
Exhibits
156
4.6
Why Be Interested in Exhibits?
160
4.7
Do Exhibits Need to Be Explained?
166
4.8
Multiple Causation
169
vi
Contents
4.9
Explaining Exhibits Inductively
172
4.10
Investigating Exhibits without Trying to Explain Them
184
4.11
Experiments as Models
189
4.12
Conclusion
194
5
External Validity
196
5.1
Introduction
196
5.2
Are Economics Experiments Models?
197
5.3
Tests of Applied Economics Theories
204
5.4
Types of Artificiality Criticism
214
5.5
Alteration Contrasted with Omission and Contamination
228
5.6
Evaluating Alteration Criticisms
233
5.7
Field Experiments
237
5.8
Conclusions
242
6
Incentives in Experiments
244
6.1
Preliminaries
244
6.2
Incentives, Design, and Control
246
6.3
Incentives in Experimental Economics: Convention in Action
248
6.4
Three Perspectives on the Effect of Incentives on Behavior
250
6.5
Incentive Mechanisms
264
6.6
Conclusion
284
7
Noise and Variability in Experimental Data
286
7.1
Noise in Economics and in Experimental Economics
286
7.2
Noise in Individual Decision Experiments
289
7.3
Noise in Experimental Games
306
7.4
Exploring Different Stochastic Specifications
322
7.5
Concluding Remarks
329
8
Conclusion
331
8.1
How Successful Has Experimental Economics Been in
Developing a Sound Methodology?
332
8.2
How Successful Has Experimental Economics Been in
Increasing Understanding of Economic Behavior?
338
8.3
Has Experimental Economics Had a Positive Impact on
Wider Economics?
342
References
347
Index
369
Rethinking the Rules
Since the
1980s,
there has been explo¬
sive growth in the use of experimental
methods in economics, leading to excit¬
ing developments in economic theory and
policy. Despite this, the status of experi¬
mental economics remains controversial.
In Experimental Economics, the authors
draw on their experience and expertise in
experimental economics, economic the¬
ory, the methodology of economics, phi¬
losophy of science, and the econometrics
of experimental data to offer a balanced
and integrated look at the nature and re¬
liability of claims based on experimental
research.
The authors explore the history of experi¬
ments 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 ex¬
plain 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 ap¬
proaches 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 experimen¬
tal economists, nonexperimental econo¬
mists wanting to interpret experimental
research, and philosophers of science
concerned with the status of knowledge
claims in economics.
|
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| discipline | Wirtschaftswissenschaften |
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| isbn | 9780691124797 |
| language | English |
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| spellingShingle | Experimental economics rethinking the rules Experimentelle Ökonomik stw Experimental economics Experiment (DE-588)4015999-1 gnd Methodologie (DE-588)4139716-2 gnd Wirtschaftswissenschaften (DE-588)4066528-8 gnd Experimentelle Wirtschaftsforschung (DE-588)4252654-1 gnd Methode (DE-588)4038971-6 gnd |
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| title | Experimental economics rethinking the rules |
| title_auth | Experimental economics rethinking the rules |
| title_exact_search | Experimental economics rethinking the rules |
| title_full | Experimental economics rethinking the rules Nicholas Bardsley ... |
| title_fullStr | Experimental economics rethinking the rules Nicholas Bardsley ... |
| title_full_unstemmed | Experimental economics rethinking the rules Nicholas Bardsley ... |
| title_short | Experimental economics |
| title_sort | experimental economics rethinking the rules |
| title_sub | rethinking the rules |
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