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Problem Solving and Hypothesis Testing Using Economic Experiments


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  • Hudson, Darren


The roots and uses of economic experiments in problem solving and hypothesis testing are explored in the present article. The literature suggests that the primary advantage of economics experiments is the ability to use controlled stimuli to test economic hypotheses. Other literature also suggests that experiments are useful in problem solving settings. The advantages and disadvantages of experiments are discussed.

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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 35 (2003)
Issue (Month): 02 (August)

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Handle: RePEc:ags:joaaec:43209

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Keywords: experiments; problem solving; hypothesis testing; C81; C91; C92; C93;

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Cited by:
  1. Mußhoff, Oliver & Hirschauer, Norbert & Hengel, Philipp, 2011. "Sind Unternehmensplanspiele ein geeignetes Instrument zur Analyse begrenzter Rationalität und tatsächlichen Entscheidungsverhaltens?," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 60(3).
  2. Hudson, Darren & Gallardo, Rosa Karina & Hanson, Terrill R., 2012. "A Comparison Of Choice Experiments And Actual Grocery Store Behavior: An Empirical Application To Seafood Products," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(01), February.
  3. Darren Hudson & Karina Gallardo & Terry Hanson, 2005. "Hypothetical (Non)Bias In Choice Experiments: Evidence From Freshwater Prawns," Experimental 0503003, EconWPA.
  4. Hudson, Darren & Anderson, John D. & Harri, Ardian & Turner, Steven C., 2007. "The Impacts of Market Structure and Contracts on Agricultural Markets," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34935, Southern Agricultural Economics Association.


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