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Experimental Economics: Contributions, Recent Developments, and New Challenges

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  • Marie-Claire Villeval

    ()
    (GATE CNRS)

Abstract

Although economics has long been considered as a non-experimental science, the development of experimental economics and behavioral economics is amazingly rapid and affects most fields of research. This paper first attempts at defining the main contributions of experiments to economics. It also identifies four main trends in the development of experimental research in economics. The third contribution of this paper is to identify the major theoretical and methodological challenges faced by behavioral and experimental economics.

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File URL: ftp://ftp.gate.cnrs.fr/RePEc/2007/0706.pdf
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Bibliographic Info

Paper provided by Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure in its series Working Papers with number 0706.

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Length: 14 pages
Date of creation: Mar 2007
Date of revision:
Handle: RePEc:gat:wpaper:0706

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Keywords: behavioral economy; Experimental economics; field experiment; quantitative methods;

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References

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  1. repec:kap:expeco:v:5:y:2002:i:2:p:91-110 is not listed on IDEAS
  2. Georg Kirchsteiger, Luca Rigotti and Aldo Rustichini., 2001. "Your Morals Are Your Moods," Economics Working Papers E01-294Rev, University of California at Berkeley.
  3. David K. Levine & Thomas R. Palfrey, 2006. "The Paradox of Voter Participation? A Laboratory Study," Levine's Bibliography 321307000000000188, UCLA Department of Economics.
  4. Colin F. Camerer & Teck-Hua Ho & Juin-Kuan Chong, 2004. "A Cognitive Hierarchy Model of Games," The Quarterly Journal of Economics, MIT Press, vol. 119(3), pages 861-898, August.
  5. Vernon L. Smith, 1962. "An Experimental Study of Competitive Market Behavior," Journal of Political Economy, University of Chicago Press, vol. 70, pages 322.
  6. Daniel Houser & Thomas Stratmann, 2006. "Selling Favors in the Lab: Experiments on Campaign Finance Reform," CESifo Working Paper Series 1727, CESifo Group Munich.
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Cited by:
  1. Pessali, Huascar & Berger, Bruno, 2010. "A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto lakatoseano
    [Prospect theory and preference change in the mainstream of economics: a Lakatosian prospect]
    ," MPRA Paper 26104, University Library of Munich, Germany.

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