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The Virtual Laboratory Infrstructure for Online Economic Experiments

Author

Listed:
  • Ben Greiner
  • H.-Arno Jacobsen
  • Carsten Schmidt

Abstract

The goal of this paper is to provide an overview on the Virtual Laboratory infrastructure for online economic experiments. We summerize our experience gained from performing serveral economic experiments on the Internet. The experiments we have run range from electronic markets to individual decision making. From there we synthesize and evaluate a set of methodological issues in performing economic experiments on the Internet. As a result for further exploration we sketch the design of an infrastructure that allows the automated execution of Internet experiments including marketing of experiments, control of application and participation, payment system integration, and evaluation of results. The infrastructure also aims at providing a generic interface for third parties to register and run experiments. We have prototyped the components of this infrastructure and ultimately aim at providing an Internet experiment service for the experimental economic research community.

Suggested Citation

  • Ben Greiner & H.-Arno Jacobsen & Carsten Schmidt, 2002. "The Virtual Laboratory Infrstructure for Online Economic Experiments," Papers on Strategic Interaction 2002-35, Max Planck Institute of Economics, Strategic Interaction Group.
  • Handle: RePEc:esi:discus:2002-35
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    File URL: ftp://papers.econ.mpg.de/esi/discussionpapers/2002-35.pdf
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    References listed on IDEAS

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    1. Carsten Schmidt & Rudolf Müller, 1999. "A framework for micropayment evaluation," Netnomics, Springer, vol. 1(2), pages 187-200, October.
    2. David Lucking-Reiley, 1999. "Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet," American Economic Review, American Economic Association, vol. 89(5), pages 1063-1080, December.
    3. Shavit, Tal & Sonsino, Doron & Benzion, Uri, 2001. "A comparative study of lotteries-evaluation in class and on the Web," Journal of Economic Psychology, Elsevier, vol. 22(4), pages 483-491, August.
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    Citations

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    Cited by:

    1. Mathias Drehmann & Jörg Oechssler & Andreas Roider, 2005. "Herding and Contrarian Behavior in Financial Markets: An Internet Experiment," American Economic Review, American Economic Association, vol. 95(5), pages 1403-1426, December.
    2. Duersch, Peter & Oechssler, Jörg & Schipper, Burkhard C., 2009. "Incentives for subjects in internet experiments," Economics Letters, Elsevier, vol. 105(1), pages 120-122, October.
    3. Ben Greiner, 2004. "The Online Recruitment System ORSEE - A Guide for the Organization of Experiments in Economics," Papers on Strategic Interaction 2003-10, Max Planck Institute of Economics, Strategic Interaction Group.
    4. Drehmann, Mathias & Oechssler, Jorg & Roider, Andreas, 2007. "Herding with and without payoff externalities -- an internet experiment," International Journal of Industrial Organization, Elsevier, vol. 25(2), pages 391-415, April.
    5. Drehmann, Mathias & Oechssler, Jorg & Roider, Andreas, 2007. "Herding with and without payoff externalities -- an internet experiment," International Journal of Industrial Organization, Elsevier, vol. 25(2), pages 391-415, April.

    More about this item

    Keywords

    Internet experiments; Internet services; experimental economics; methodology;

    JEL classification:

    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General

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