WHAT'S TO KNOW ABOUT LABORATORY EXPERIMENTATION IN ECONOMICS?

Experimental economics has grown as a discipline from near non‐existence 50 years ago to a full‐fledged field within economics in the present. Much of experimental economics research involves experimental methods as a tool, applied to problems in other fields of economics. However, some of this rese...

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Bibliographic Details
Published inJournal of economic surveys Vol. 25; no. 2; pp. 371 - 379
Main Author Feltovich, Nick
Format Journal Article
LanguageEnglish
Published Oxford, UK Blackwell Publishing Ltd 01.04.2011
Wiley-Blackwell
Subjects
Analysis
Economic research
Economic theory
Experimental economics
Experiments
Feldforschung
Field experiments
Incentives
Laboratory experiments
Meta-Analyse
Meta-analysis
Methodology
Participant observation
Research methodology
Studies
Subject pool
Test
Wissenschaftliche Methode
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Summary:Experimental economics has grown as a discipline from near non‐existence 50 years ago to a full‐fledged field within economics in the present. Much of experimental economics research involves experimental methods as a tool, applied to problems in other fields of economics. However, some of this research is inward looking, focusing on questions of the methodology of experimental economics. In this note, I briefly discuss two methodological issues in experimental economics that might benefit from meta‐analysis: the pool from which experimental participants are drawn (university undergraduate students versus other populations) and the scale of monetary incentives faced by participants (large, small or hypothetical).
Bibliography:ark:/67375/WNG-0NP8MH64-G
istex:3E87BF02B76AD136F56D59CFCEC327C41BA038F5
ArticleID:JOES676
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ISSN:0950-0804
1467-6419
DOI:10.1111/j.1467-6419.2010.00676.x