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Experimental Economics: Contributions, Recent Developments, and New Challenges

Author

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  • Marie Claire Villeval

    (GATE - Groupe d'analyse et de théorie économique - UL2 - Université Lumière - Lyon 2 - ENS LSH - Ecole Normale Supérieure-Lettres et Sciences Humaines - CNRS - Centre National de la Recherche Scientifique)

Abstract

Although economics has long been considered as a non-experimental science, the development of experimental economics and behavioral economics is amazingly rapid and affects most fields of research. This paper first attempts at defining the main contributions of experiments to economics. It also identifies four main trends in the development of experimental research in economics. The third contribution of this paper is to identify the major theoretical and methodological challenges faced by behavioral and experimental economics.

Suggested Citation

  • Marie Claire Villeval, 2007. "Experimental Economics: Contributions, Recent Developments, and New Challenges," Post-Print halshs-00175179, HAL.
    • Handle: RePEc:hal:journl:halshs-00175179
    DOI: 10.1057/palgrave.fp.8200119
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00175179v1
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    Cited by:

    1. Bucciarelli, Edgardo & Ascatigno, Aurora, 2025. "Assessing bargaining and cooperation through longitudinal clustering analysis: Evidence from a lab-in-the-field experiment," Socio-Economic Planning Sciences, Elsevier, vol. 100(C).
    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. Klarizze Anne Martin Puzon & Rachel M. Gisselquist, 2021. "Consolidating behavioural economics and rational choice theory: Insights from inequality research," WIDER Working Paper Series wp-2021-76, World Institute for Development Economic Research (UNU-WIDER).

    More about this item

    Keywords

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    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
    • D0 - Microeconomics - - General

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