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Microfoundations, behaviour, and evolution: Evidence from experiments

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  • Bogliacino, Francesco
  • Codagnone, Cristiano

Abstract

The article discusses whether and to what extent experiments can contribute to a research paradigm based on the study of human behaviour in complex evolving environments and on the problem of asymmetric adjustment among different components of economic system along certain trajectories, focusing on the possibility that experimental evidence may represent an external consistency check on this type of heterodox modelling.

Suggested Citation

  • Bogliacino, Francesco & Codagnone, Cristiano, 2021. "Microfoundations, behaviour, and evolution: Evidence from experiments," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 372-385.
    • Handle: RePEc:eee:streco:v:56:y:2021:i:c:p:372-385
    DOI: 10.1016/j.strueco.2017.11.003
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    More about this item

    Keywords

    Experiments; Causality; Heuristics; Learning; Bounded rationality; Altruism; Punishment; Trust; Norms;
    All these keywords.

    JEL classification:

    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • C18 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Methodolical Issues: General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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