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Econometrics for experimental economics

Author

Listed:
  • Komsan Suriya

    (Chiang Mai University)

Abstract

In tradition, experimental economics uses non-parametric statistics to compare means between groups of attendants who attend experiments with different settings to investigate the effect of anticipated mechanism or policy. This statistical analysis limits itself to the effectiveness of the interventions without explanation why attendants response to the mechanism or policy in such the ways. Econometrics especially the panel data analysis can extend the analysis by adding explanatory variables into models with the panel data set constructed from the experiments in order to explain why the attendants behave as being observed. This paper introduces the idea and guideline how to use panel data analysis in experimental economics.

Suggested Citation

  • Komsan Suriya, 2013. "Econometrics for experimental economics," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(3), pages 37-40, September.
  • Handle: RePEc:chi:journl:v:2:y:2013:i:3:p:37-40
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    Citations

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    Cited by:

    1. Komsan Suriya, 2014. "How to estimate the model of sustainable profit and corporate social responsibility," Business and Economic Horizons (BEH), Prague Development Center, vol. 9(4), pages 1-7, January.
    2. Pattaresa Neawnan & Komsan Suriya, 2012. "Factors driving fashion design industry: Key success factors of Thai designers’ brands," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 1(2), pages 71-80, June.

    More about this item

    Keywords

    Experimental economics; non-parametric statistics; panel data analysis;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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