The Role of Theory in Field Experiments
AbstractWe propose a new classification of experiments that captures the extent to which the experimental design and analysis are linked to economic theory. We then use this system to classify all published field experiments in the five top economics journals from 1975 to 2010. We find that the vast majority of field experiments (68%) are Descriptive studies that lack any explicit model; 18% are Single Model studies that test a single model-based hypothesis; 6% are Competing Models studies that test competing model-based hypotheses; and 8% are Parameter Estimation studies that estimate structural parameters in a completely specified model. Using the same system to classify laboratory experiments published over the same period, we find that economic theory has played a more central role in the laboratory than in the field. Finally, we discuss in detail three sets of field experiments, on gift exchange, on charitable giving, and on negative income tax, that illustrate both the benefits and the potential costs of a tighter link between experimental design and theoretical underpinnings.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 17047.
Date of creation: May 2011
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Other versions of this item:
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
- C93 - Mathematical and Quantitative Methods - - Design of Experiments - - - Field Experiments
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-24 (All new papers)
- NEP-EVO-2011-05-24 (Evolutionary Economics)
- NEP-EXP-2011-05-24 (Experimental Economics)
- NEP-HPE-2011-05-24 (History & Philosophy of Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- An incrementalist view of Impact Evaluation and knowledge
by Jed Friedman in Development Impact on 2012-05-02 13:27:23
- Fink, Günther & McConnell, Margaret & Vollmer, Sebastian, 2011. "Testing for Heterogeneous Treatment Effects in Experimental Data: False Discovery Risks and Correction Procedures," Diskussionspapiere der Wirtschaftswissenschaftlichen FakultÃ¤t der Leibniz UniversitÃ¤t Hannover dp-477, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
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