Questions tagged [experimental-economics]

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Cuestion regarding an RCT power

I have a question regarding Optimal Design software. Particularly, lets supose i have an intervention that assigns police patrols to different street segments, and that this segments are randomized so ...
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Relevance of lab experiments in policy

We know that randomised control experiments in the field, of the kind pioneered by Esther Duflo, Abhijeet Banerjee and Michael Kremer have a tremendous impact on development policy. Similarly, lab ...
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Market-2001 software used in Gode and Sunder (1993)

I am reading Gode and Sunder (1993). They study the allocative efficiency of markets using a double auction mechanism where both humans and zero-intelligence computer programs are present as buyers ...
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1 answer
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Experimental Economics

I'm looking for good sources on "experimental economics" and "natural experiments" in economics. Given the comments below to my first version of this question, and a little more ...
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How to empirically measure the underlying utility function for a 'max EU" SWF? Stated/revealed preferences over uncertain lotteries, or?

Direct answers, as well as pointers to the best literature and textbook treatments, as well as the names of key researchers, are appreciated. Suppose we are considering policies and transfers that ...
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In experiments of 2-by-2 games where the dominant action benefits both players, do people frequently choose the other action?

Sayers et al look in Some descriptive aspects of two-person non-zero-sum games at variations of the prisoner dilemma. They had two participants (α and β) pressing press either a black (1) or a red (2) ...
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Which statstical method/model should I use with my study?

my dear fellows. I mainly do experimental research, so I run experiments in which participants play a game repeatedly (for 20 periods for example). The dataset I get after the experiments would be ...
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3 votes
2 answers
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What are the advantages using Otree to progam economic experiments?

I need to decide between learning Ztree and Otree. The added cost of complicating the server setup severely should have some benefit. Apart from Ztree being ugly, are there any other advantages of ...
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Lab experiments of labour markets

I have been searching for papers that conduct lab experiments simulating a labour market, that means for a minimum there are both participants taking the role of firms, and participants taking the ...
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Understanding Vernon Smith's 1962 "An Experimental Study of Competitive Market Behavior"

Vernon Smith's 1962 paper "An Experimental Study of Competitive Market Behavior" simulates a market using students (who have piece of paper giving their reservation prices). In one of the ...
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As a (micro) behavioral economist looking for a faculty job, how should I present my research approach/skill set? [closed]

I am asking as someone who has applied behavioral econ theory to design lab experiments and a couple field experiments. I notice that there is a bias against experiment-based research on the market. .....
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4 votes
2 answers
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What are the correct utility functions?

It is common to talk about utility functions. For example in a universe with only two goods, we might assume each person (or group of people) carries a function $u(x,y)$ in their heads. When offered ...
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Does it matter if your decision might not matter?

I have read several experimental papers which ask people to make decisions which only matter with a certain probability. For example, individuals might be asked to submit bids in an auction, but told ...
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What experiment could I run in order to test the 'Independence of Irrelevant Alternatives' axiom?

I need some help in designing an economics experiment to test the IIA axiom. My understanding of it is if you rank A above B then if you introduce C or D, you must still always rank A above B in any ...
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How to obtain standard surveys / measures to use at end of experiment to "control for altruism" etc?

When running an economics experiment, how and where are experimental graduate students supposed to obtain the surveys (such as standard measures of altruism, risk aversion, social dominance...) that ...
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3 answers
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Can I recreate an experiment on Allais paradox using student grades as payoffs?

For a project in experimental economics, I thought of doing something related to expected utility theory/prospect theory, but using grades instead of money. Is this reformulation of the Allais ...
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Theories that complement/contradict prospect theory?

Kahneman and Tversky's prospect theory, which they developed to contradict expected utility theory, is obviously an interesting result. But, after their experiments has anyone tried to completement ...
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Calculate power for multiple rounds of public goods experiment

I would like to calculate/simulate the a-priori necessary sample size for a repeated public goods experiment. $N$ Participants play $R$ rounds of a public goods game (linear, voluntary contribution ...
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Are there any experiments about financial games with just one player?

I was wondering if there are any experiments of financial games (laboratory games under controlled circumstances like Plott and Sunder's Rational Expectations and the Aggregation of Diverse ...
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4 votes
1 answer
525 views

Ex-post vs Ex-ante Budget Balance in Auctions

Have I understood this correctly? When I say my auction mechanism is ex-post budget balanced it means that in practice (I have done market simulations) and according to the results my mechanism is ...
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4 votes
1 answer
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Why can high variance help you in Heckman (1998) but not Aigner and Cain (1977)?

Heckman (1998) argues that, if the bar for acceptance is high (so most applicants are rejected), then belonging to a group who quality has high variance tends to help you. The argument is something ...
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2 votes
1 answer
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Measuring Subjective Beliefs

I am starting on a research project that requires the measurement of subjective beliefs of subjects around uncertainty. Since I'm new in this field I'm looking for references that can help me get ...
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3 votes
1 answer
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What is the economic incentive to cheat? How does an experiment capture exogenous deviations?

In my undergraduate career an economic experiment was conducted on my class: one class was the control two classes were the experimental (I was in an experimental class) The basic premise was a ...
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Most important but untested theories in economics? [closed]

In the opinion of the economists here, what are some of the more important theories in economics that remain untested? By untested I mean theories that, though perhaps evaluated using empirical data, ...
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3 votes
1 answer
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Is sending fake resumes deception? [closed]

Economists generally frown on deception. For example, the journal Experimental Economics does not publish papers which use deception. However, I know that famous economics studies have been published ...
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7 votes
4 answers
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Examples of behavioural breakdowns in game theory?

I'm trying to compile multiple scenarios of the breakdown of game theory. Specifically, I'm looking for scenarios where game theory predicts certain behaviours, but in real-world scenarios or ...
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1 vote
1 answer
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RDD with multiple cutoffs

I am trying to study the effects of a policy on educational attainment of individuals (years of schooling, primary/secondary school completion, literacy). Since the policy starts in a specific year I ...
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4 votes
2 answers
911 views

What made The Wörgl Experiment successful?

Background: In 1932, in the midst of the Great Depression, the small town of Wörgl in Austria successfully experimented with its own local currency (in the form of a stamp scrip) ... They not only ...
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6 votes
1 answer
297 views

How to specify a Diff-In-Diff Regression with multiple time periods?

I'm working on analysing experimental data for a thesis project. The data consists of subjects performing the same task over five rounds, and I'm interested in the difference in trends between ...
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4 votes
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Don't let me take the last bit

I believe everyone has experienced something like the following once in her or his life : There is a cake on the table and three people to share it. The three people each eat a quarter of the cake. ...
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2 votes
2 answers
167 views

Erik Reinert's conclusions and experiments in economics

I have just read Erik Reinert's, "How Rich Countries Got Rich… and Why Poor Countries Stay Poor". Can anybody advise me some further reading on this topic? I wonder, in particular, if there were ...
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3 votes
1 answer
705 views

Flexible lab experiment in otree

I am building a lab experiment through otree, ``a Django-based framework for implementing multiplayer decision strategy games." Basics about otree's forms Here is an example of how otree gets the ...
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7 votes
3 answers
235 views

Is there a journal for replications in experimental economics?

Is there a journal that publishes replications (failed and successful) of (published) experiments? And, if not, why not? And what about failed experiments (i.e. experiments with insignificant results)?...
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5 votes
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Are charitable donations on someone's behalf generally an effective incentive?

A study done in Sweden on 153 female, would-be blood donors showed surprising results. The women were divided into three groups– voluntary donation, paid donation, and paid donation with the ...
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