Experimental Economics under the Microscope
Although experimental economics has been one of the most rapidly expanding fields in economics in recent years, it has so far attracted little sustained methodological discussion. This paper is intended as a step towards filling the gap, and provides preliminary answers to the following questions. (i) What are distinctive characteristics of the experimental method in economics? (ii) To what extent are the results obtained in the laboratory transferable to non-laboratory situations? (iii) What are the limits of the experimental method in economics? (iv) Why is it that experimentation, which has been so successful in the natural sciences, remains so controversial in the social sciences. Copyright 2000 by Oxford University Press.
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Volume (Year): 24 (2000)
Issue (Month): 3 (May)
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