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Design and Evaluation of an Economic Experiment via the Internet Author info | Abstract | Publisher info | Download info | Related research | Statistics Anderhub,Vital
Müller,Rudolf
Schmidt,Carsten (MERIT)
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The paper investigates whether Internet experiments are an appropriate alternative to traditional laboratory experiments. For an economic experiment of individual decision making results obtained over the Internet are compared to results obtained in the laboratory using exactly the same software. Of particular interest are differences in individual behavior. Our main findings are: 1) Running our own experiment on the Internet and in the laboratory generated similar data when economic decision behavior is concerned. (2) Variance in economic decision behavior is generally higher on the Internet experiment. (3) Decision times are shorter on the Internet. (4) Internet software provides a helpful platform for implementing economic experiments. The paper also reports on design challenges and how we have solved them.
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Paper provided by Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology in its series Research Memoranda with number
016.
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Date of creation: 2001Date of revision:
Handle: RePEc:dgr:umamer:2001016Contact details of provider: Web page: http://edocs.ub.unimaas.nl/
For technical questions regarding this item, or to correct its listing, contact: (Willy Villevoye).
Keywords: economics of technology ; Other versions of this item:
Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2004.
"Herding with and without Payoff Externalities - An Internet Experiment ,"
Bonn Econ Discussion Papers
bgse15_2004, University of Bonn, Germany.
[Downloadable!]
Other versions:
Drehmann, Mathias & Oechssler, Jörg & Roider, Andreas, 2005.
"Herding With and Without Payoff Externalities - An Internet Experiment ,"
CEPR Discussion Papers
5310, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2005.
"Herding with and without Payoff Externalities - An Internet Experiment ,"
Working Papers
0420, University of Heidelberg, Department of Economics, revised Apr 2005.
[Downloadable!] Drehmann, Mathias & Oechssler, Jorg & Roider, Andreas, 2007.
"Herding with and without payoff externalities -- an internet experiment ,"
International Journal of Industrial Organization ,
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[Downloadable!] (restricted) Glaser, Markus & Weber, Martin, 2003.
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Thomas Chesney & Swee-Hoon Chuah & Robert Hoffmann, 2007.
"Virtual world experimentation: An exploratory study ,"
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Holm, Håkan & Nystedt, Paul, 2002.
"Intra-Generational Trust - a Semi-Experimental Study of Trust Among Different Generations ,"
Working Papers
2002:16, Lund University, Department of Economics.
Glaser, Markus & Weber, Martin, 2005.
"Overconfidence and Trading Volume ,"
SIFR Research Report Series
40, Institute for Financial Research.
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Schipper, Burkhard C. & Oechssler, Jorg & Duersch, Peter, 2008.
"Incentives for Subjects in Internet Experiments ,"
Working Papers
08-1, University of California at Davis, Department of Economics.
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Other versions: Glaser, Markus & Weber, Martin, 2003.
"Overconfidence and Trading Volume ,"
Sonderforschungsbereich 504 Publications
03-07, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
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W. Güth & C. Schmidt & M. Sutter, .
"Fairness in the Mail and Opportunism in the Internet - A Newspaper Experiment on Ultimatum Bargaining ,"
Sonderforschungsbereich 373
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Other versions: Markus Glaser & Martin Weber, 2007.
"Overconfidence and trading volume ,"
The Geneva Papers on Risk and Insurance Theory ,
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Vital Anderhub & Werner Gäuth & Wieland Mäuller & Martin Strobel, 2000.
"An Experimental Analysis of Intertemporal Allocation Behavior ,"
Experimental Economics ,
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Gary Charness & Ernan haruvy & Doron Sonsino, 2001.
"Social Distance and Reciprocity: The Internet vs. the Laboratory ,"
University of California at Santa Barbara, Economics Working Paper Series
wp10-01, Department of Economics, UC Santa Barbara.
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Holm, Håkan & Nystedt, Paul, 2005.
"Trust in surveys and games - a matter of money and location? ,"
Working Papers
2005:26, Lund University, Department of Economics, revised 15 Aug 2005.
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Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2004.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Discussion Papers
7, SFB/TR 15 Governance and the Efficiency of Economic Systems, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
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Other versions:
Mathias Drehmann & Joerg Oechssler & Andreas Roider, 2003.
"Herding and Contrarian Behavior in Financial Markets: An Internet Experiment ,"
University of California at Santa Barbara, Economics Working Paper Series
18-03, Department of Economics, UC Santa Barbara.
[Downloadable!] Mathias Drehmann & Joerg Oechssler & Andreas Roider, 2002.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Finance
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[Downloadable!] Mathias Drehmann & Joerg Oechssler & Andreas Roider, 2002.
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0210001, EconWPA.
[Downloadable!] Roider, Andreas & Mathias Drehmann & Jorg Oechssler, 2003.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Royal Economic Society Annual Conference 2003
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[Downloadable!] Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2002.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Bonn Econ Discussion Papers
bgse25_2002, University of Bonn, Germany, revised Apr 2003.
[Downloadable!] Mathias Drehmann & Jörg Oechssler, 2004.
"Herding and Contrarian Behavior in Financial Markets - An Internet Experiment ,"
Econometric Society 2004 North American Winter Meetings
55, Econometric Society.
[Downloadable!] Mathias Drehmann & Jorg Oechssler & Andreas Roider, 2005.
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American Economic Review ,
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[Downloadable!] Catherine Eckel & Rick Wilson, 2006.
"Internet cautions: Experimental games with internet partners ,"
Experimental Economics ,
Springer, vol. 9(1), pages 53-66, April.
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