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The Virtual Laboratory Infrstructure for Online Economic Experiments

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Author Info

  • Ben Greiner
  • H.-Arno Jacobsen
  • Carsten Schmidt

Abstract

The goal of this paper is to provide an overview on the Virtual Laboratory infrastructure for online economic experiments. We summerize our experience gained from performing serveral economic experiments on the Internet. The experiments we have run range from electronic markets to individual decision making. From there we synthesize and evaluate a set of methodological issues in performing economic experiments on the Internet. As a result for further exploration we sketch the design of an infrastructure that allows the automated execution of Internet experiments including marketing of experiments, control of application and participation, payment system integration, and evaluation of results. The infrastructure also aims at providing a generic interface for third parties to register and run experiments. We have prototyped the components of this infrastructure and ultimately aim at providing an Internet experiment service for the experimental economic research community.

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Bibliographic Info

Paper provided by Max Planck Institute of Economics, Strategic Interaction Group in its series Papers on Strategic Interaction with number 2002-35.

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Length: 23 pages
Date of creation: Sep 2002
Date of revision:
Handle: RePEc:esi:discus:2002-35

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Related research

Keywords: Internet experiments; Internet services; experimental economics; methodology;

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References

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  1. Carsten Schmidt & Rudolf Müller, 1999. "A framework for micropayment evaluation," Netnomics, Springer, vol. 1(2), pages 187-200, October.
  2. David Lucking-Reiley, 1999. "Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet," American Economic Review, American Economic Association, vol. 89(5), pages 1063-1080, December.
  3. Shavit, Tal & Sonsino, Doron & Benzion, Uri, 2001. "A comparative study of lotteries-evaluation in class and on the Web," Journal of Economic Psychology, Elsevier, vol. 22(4), pages 483-491, August.
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Cited by:
  1. 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.
  2. Drehmann, Mathias & Oechssler, Joerg & Roider, Andreas, 2003. "Herding and Contrarian Behavior in Financial Markets: An Internet Experiment," University of California at Santa Barbara, Economics Working Paper Series qt6zf5469f, Department of Economics, UC Santa Barbara.
  3. Ben Greiner, 2004. "The Online Recruitment System ORSEE - A Guide for the Organization of Experiments in Economics," Papers on Strategic Interaction 2003-10, Max Planck Institute of Economics, Strategic Interaction Group.
  4. Burkhard C. Schipper & Jörg Oechssler, 2008. "Incentives for Subjects in Internet Experiments," Working Papers 81, University of California, Davis, Department of Economics.

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