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Experimental Economics under the Microscope


  • Siakantaris, Nikos


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.

Suggested Citation

  • Siakantaris, Nikos, 2000. "Experimental Economics under the Microscope," Cambridge Journal of Economics, Oxford University Press, vol. 24(3), pages 267-281, May.
  • Handle: RePEc:oup:cambje:v:24:y:2000:i:3:p:267-81

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    References listed on IDEAS

    1. Busse, Matthias, 2002. "Do Labor Standards Affect Comparative Advantage in Developing Countries?," World Development, Elsevier, vol. 30(11), pages 1921-1932, November.
    2. Dutt, Pushan & Mitra, Devashish, 2006. "Labor versus capital in trade-policy: The role of ideology and inequality," Journal of International Economics, Elsevier, vol. 69(2), pages 310-320, July.
    3. Christian Weller & Laura Singleton, 2004. "Political Freedom, External Liberalization and Financial Stability," International Review of Applied Economics, Taylor & Francis Journals, vol. 18(1), pages 1-22.
    4. Dani Rodrik, 1999. "Democracies Pay Higher Wages," The Quarterly Journal of Economics, Oxford University Press, vol. 114(3), pages 707-738.
    5. Vivek H. Dehejia & Yiagadeesen Samy, 2007. "Trade and Labor Standards: A Review of the Theory and New Empirical Evidence," Carleton Economic Papers 07-12, Carleton University, Department of Economics.
    6. Neumayer, Eric & Soysa, Indra de, 2006. "Globalization and the Right to Free Association and Collective Bargaining: An Empirical Analysis," World Development, Elsevier, vol. 34(1), pages 31-49, January.
    7. John WEEKS, 1999. "Wages, employment and workers' rights in Latin America, 1970–98," International Labour Review, International Labour Organization, vol. 138(2), pages 151-169, June.
    8. Catherine L. Mann, 2002. "Perspectives on the U.S. Current Account Deficit and Sustainability," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 131-152, Summer.
    9. Thomas I. Palley, 2004. "The economic case for international labour standards," Cambridge Journal of Economics, Oxford University Press, vol. 28(1), pages 21-36, January.
    10. Martin, Will & Maskus, Keith E, 2001. "Core Labor Standards and Competitiveness: Implications for Global Trade Policy," Review of International Economics, Wiley Blackwell, vol. 9(2), pages 317-328, May.
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    Cited by:

    1. Geoffrey M. Hodgson, 2004. "¿Los experimentos pueden falsear la teoría de la utilidad esperada?," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 6(10), pages 17-45, January-J.
    2. 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.
    3. Pires Gonçalves, Ricardo, 2008. "Consumer Behavior: Product Characteristics and Quality Perception," MPRA Paper 11142, University Library of Munich, Germany.
    4. Yannick Gabuthy & Nicolas Jacquemet, 2013. "Analyse économique du droit et méthode expérimentale," Economie & Prévision, La Documentation Française, vol. 0(1), pages 121-145.
    5. Jefferson, Therese & Taplin, Ross, 2012. "Relational aspects of decisions to sell," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(5), pages 697-704.
    6. Mearman, Andrew, 2014. "How should economics curricula be evaluated?," International Review of Economics Education, Elsevier, vol. 16(PB), pages 73-86.
    7. Dorian Jullien, 2013. "Asian Disease-type of Framing of Outcomes as an Historical Curiosity," GREDEG Working Papers 2013-47, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    8. repec:hal:wpaper:halshs-00746617 is not listed on IDEAS
    9. Irene van Staveren, 2012. "An Evolutionary Efficiency Alternative to the Notion of Pareto Efficiency," Economic Thought, World Economics Association, vol. 1(1), pages 1-6, July.
    10. Andrew Mearman, 2012. "Pluralist economics curricula: do they work; and how would we know?," Working Papers 20121203, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    11. Dorian Jullien & Nicolas Vallois, 2012. "A Probabilistic Ghost in the Experimental Machine," GREDEG Working Papers 2012-05, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    12. Ana C. Santos, 2011. "Experimental Economics," Chapters,in: The Elgar Companion to Recent Economic Methodology, chapter 3 Edward Elgar Publishing.

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