Experiments in Economics ... (should we trust the dismal scientists in white coats?)
Is the rapid growth of experimental research in economics evidence of a new scientific spirit at work or merely fresh evidence of a misplaced desire to ape the methods of natural sciences? It is often argued that economic experiments are artificial in some sense which tends to render the results problematic or uninteresting. In the early part of this paper I argue that this artificiality critique does not provide a convincing philosophical objection to experimentation in economics. Later sections of the paper argue that methodological discourse in relation to experiments has become somewhat polarized: experimentalists have promoted a position which seeks to defuse objections to experiments; theorists have taken up positions which insulate theory from experimental challenge. I argue that these strategies are overly defensive and tend to stifle rather than promote the goals of economic enquiry.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Postal: Norwich NR4 7TI|
Phone: 44 1603 591131
Fax: +44(0)1603 4562592
Web page: http://www.uea.ac.uk/economics
More information through EDIRC
|Order Information:|| Postal: Jessica Pointer, School of Economics, University of East Anglia, Norwich Research Park, Norwich, NR4 7TJ, UK|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Davis, Douglas D. & Holt, Charles a., 1993. "Experimental economics: Methods, problems and promise," Estudios Económicos, El Colegio de México, Centro de Estudios Económicos, vol. 8(2), pages 179-212.
- Kahneman, Daniel & Tversky, Amos, 1979.
"Prospect Theory: An Analysis of Decision under Risk,"
Econometric Society, vol. 47(2), pages 263-91, March.
- Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
- Bohm, Peter, 1994. "Behaviour under Uncertainty without Preference Reversal: A Field Experiment," Empirical Economics, Springer, vol. 19(2), pages 185-200.
- Harrison, Glenn W, 1994. "Expected Utility Theory and the Experimentalists," Empirical Economics, Springer, vol. 19(2), pages 223-53.
- John H. Kagel & Raymond C. Battalio, 1980. "Token Economy and Animal Models for the Experimental Analysis of Economic Behavior," NBER Chapters, in: Evaluation of Econometric Models, pages 379-401 National Bureau of Economic Research, Inc.
- Edward E. Leamer, 1982.
"Let's Take the Con Out of Econometrics,"
UCLA Economics Working Papers
239, UCLA Department of Economics.
- Friedman,Daniel & Sunder,Shyam, 1994. "Experimental Methods," Cambridge Books, Cambridge University Press, number 9780521456821, December.
- Jan Kmenta & James B. Ramsey, 1980. "Problems and Issues in Evaluating Econometric Models," NBER Chapters, in: Evaluation of Econometric Models, pages 1-11 National Bureau of Economic Research, Inc.
- Grether, David M. & Plott, Charles R., .
"Economic Theory of Choice and the Preference Reversal Phenomenon,"
152, California Institute of Technology, Division of the Humanities and Social Sciences.
- Grether, David M & Plott, Charles R, 1979. "Economic Theory of Choice and the Preference Reversal Phenomenon," American Economic Review, American Economic Association, vol. 69(4), pages 623-38, September.
- Mayer, Thomas, 1980. "Economics as a Hard Science: Realistic Goal or Wishful Thinking?," Economic Inquiry, Western Economic Association International, vol. 18(2), pages 165-78, April.
- Frank P. Stafford, 1980. "Some Comments on the Papers by Kagel and Battalio and by Smith," NBER Chapters, in: Evaluation of Econometric Models, pages 407-410 National Bureau of Economic Research, Inc.
- Adrian C. Darnell & J. L. Evans, 1990. "The Limits of Econometrics," Books, Edward Elgar Publishing, number 119.
- Peter Bohm, 1994. "Behavior under uncertainty without preference reversal: A field experiment," Framed Field Experiments 00130, The Field Experiments Website.
- Jan Kmenta & James B. Ramsey, 1980. "Evaluation of Econometric Models," NBER Books, National Bureau of Economic Research, Inc, number kmen80-1, September.
When requesting a correction, please mention this item's handle: RePEc:uea:papers:_002. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Theodore Turocy)
If references are entirely missing, you can add them using this form.