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A history of statistical methods in experimental economics

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  • Nicolas Vallois
  • Dorian Jullien

Abstract

Statistics is a minor topic in historical and methodological writings on experimental economics. This article aims to address this lacuna. To do so, we conduct a quantitative analysis of papers published in the 1970–2010 period. We also provide qualitative insights through comparisons with econometrics and psychology. Our results reveal a significant change in experimental economics’s statistical methods, namely an evolution from purely descriptive methods to more sophisticated and standardized techniques. We highlight that, by contrast with psychology and econometrics, this evolution was not accompanied with explicit methodological discussions about the role of statistics in empirical research.

Suggested Citation

  • Nicolas Vallois & Dorian Jullien, 2018. "A history of statistical methods in experimental economics," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 25(6), pages 1455-1492, November.
    • Handle: RePEc:taf:eujhet:v:25:y:2018:i:6:p:1455-1492
    DOI: 10.1080/09672567.2018.1523445
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    1. Kirchkamp, Oliver & Oechssler, Joerg & Sofianos, Andis, 2021. "The Binary Lottery Procedure does not induce risk neutrality in the Holt & Laury and Eckel & Grossman tasks," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 348-369.

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