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Implementing theoretical models in the laboratory, and what this can and cannot achieve

Author

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  • Stefania Sitzia

    (School of Economics and CBESS, University of East Anglia)

  • Robert Sugden

    (School of Economics and CBESS, University of East Anglia)

Abstract

We investigate the methodology used in a significant genre of experimental economics, in which experiments are designed to test theoretical models by implementing them in the laboratory. Using two case studies, we argue that such an experiment is a test, not of what the model says about its target domain, but of generic theoretical components used in the model. The properties that make a model interesting as a putative explanation of phenomena in its target domain are not necessarily appropriate for such tests. We consider how this research strategy has been legitimised within the community of experimental economists.

Suggested Citation

  • Stefania Sitzia & Robert Sugden, 2011. "Implementing theoretical models in the laboratory, and what this can and cannot achieve," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 11-08, School of Economics, University of East Anglia, Norwich, UK..
    • Handle: RePEc:uea:wcbess:11-08
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    References listed on IDEAS

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    Cited by:

    1. Sugden, Robert & Wang, Mengjie & Zizzo, Daniel John, 2019. "Take it or leave it: Experimental evidence on the effect of time-limited offers on consumer behaviour," Journal of Economic Behavior & Organization, Elsevier, vol. 168(C), pages 1-23.
    2. Daniel John Zizzo, 2012. "Inducing natural group identity: A RDP analysis," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 12-01, School of Economics, University of East Anglia, Norwich, UK..
    3. repec:esx:essedp:750 is not listed on IDEAS
    4. Hugh-Jones, David & Reinstein, David, 2014. "Exclude the Bad Actors or Learn About The Group," Economics Discussion Papers 10010, University of Essex, Department of Economics.

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    More about this item

    Keywords

    Experiments; models; methodology;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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