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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.
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.
- GenresEconomics
384 pages, Hardcover
First published January 1, 2009
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Displaying 1 - 3 of 3 reviews
February 20, 2019
Es el primer libro que leo completo de economía experimental. Lo estoy leyendo en preparación para irme al doctorado a Nottingham, y conincidencialmente me di cuenta luego de empezarlo que dos profesores (incluyendo el que en este momento será mi advisor) son coautores. Me despertó un nuevo interés por la economía y por la rama experimental: la discusión completa la hacen más que haciendo surveys de literatura, discutiendo los punto claves en metodología. Esto me renueva el interés en la "ciencia" de la economía, mencionando que el pensar en la teoría y de ahí sacar miles de conclusiones es sólo un camino (del que estoy mamado y que me ha hecho dudar de seguir en la economía). Me muestra que lo expermiental no sólo viene para probar internamente los modelos de teoría de juegos (que es una línea interesante) sino que de ahí se pueden trabajar otros temas y que hay interés en las facultades en tratar temas menos ortodoxos.
February 26, 2015
This book differs from Hagel and Roth (The Handbook of Experimental Economics) and Davis and Holt (Experimental Economics) in that it does not limit itself to a review of experimental findings, organized by type of games analyzed.
This book positions itself indeed at a higher level and is meant to assess the scientific basis of the field and its methods. The book can sometime be relatively hard to follow, but its insights are worth it and I learned a lot from it about the scientific method more generally.
It is rare nowadays that researchers would devote such effort to a book, and I appreciate all the more this first truly collaborative work by experts in the field who strive to provide a reference for other researchers to use as a basis for reflection.
This book positions itself indeed at a higher level and is meant to assess the scientific basis of the field and its methods. The book can sometime be relatively hard to follow, but its insights are worth it and I learned a lot from it about the scientific method more generally.
It is rare nowadays that researchers would devote such effort to a book, and I appreciate all the more this first truly collaborative work by experts in the field who strive to provide a reference for other researchers to use as a basis for reflection.
Displaying 1 - 3 of 3 reviews