The Duhem-Quine thesis and experimental economics: A reinterpretation
The Duhem-Quine thesis asserts that any empirical evaluation of a theory is in fact a composite test of several interconnected hypotheses. Recalcitrant evidence signals falsity within the conjunction of hypotheses, but logic alone cannot pinpoint the individual element(s) inside the theoretical cluster responsible for a false prediction. This paper considers the relevance of the Duhem-Quine thesis for experimental economics. A starting point is to detail how laboratory evaluations of economic hypotheses constitute composite tests. Another aim is to scrutinize the strategy of conducting a series of experiments in order to hem in the source(s) of disconfirmative evidence. A Bayesian approach is employed to argue that reproducing experiments is not necessarily useful in terms of identifying correct causes of recalcitrant data.
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- Starmer, C., 1998.
"Experiments in Economics...(Should We Trust the Dismal Scientists In White Coats?),"
University of East Anglia Discussion Papers in Economics
9801, School of Economics, University of East Anglia, Norwich, UK..
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