Experimental Economics : Rethinking the Rules

Nicholas Bardsley

ISBN 10: 0691124795 / ISBN 13: 9780691124797

Published by Princeton University Press Nov 2009, 2009

About this Item

Neuware - 'The authors of this book have pulled off a remarkable feat: a page-turner on experimental economics that will appeal to a wide audience. Noneconomists and nonexperimentalists will be treated to a fascinating introduction to the methods, philosophy, and controversy of this rapidly expanding area of research. Experimental economists will get a whole new perspective on their field that will make them think differently about their own work. Not to be missed!'--George Loewenstein, Carnegie Mellon University.

Seller Inventory # 9780691124797

Bibliographic Details

• Title: Experimental Economics : Rethinking the Rules
• Publisher: Princeton University Press Nov 2009
• Publication Date: 2009
• Language: English
• ISBN 10: 0691124795
• ISBN 13: 9780691124797
• Binding: Buch
• Condition: Neu
• Dimensions: 240W x 163H x 38D millimeters 240 millimeters width by 163 millimeters height by 38 millimeters depth
• Weight: 676 grams

About this title

Synopsis

Since the 1980s, there has been explosive growth in the use of experimental methods in economics, leading to exciting developments in economic theory and policy. Despite this, the status of experimental economics remains controversial. In Experimental Economics, the authors draw on their experience and expertise in experimental economics, economic theory, the methodology of economics, philosophy of science, and the econometrics of experimental data to offer a balanced and integrated look at the nature and reliability of claims based on experimental research.


The authors explore the history of experiments in economics, provide examples of different types of experiments, and show that the growing use of experimental methods is transforming economics into a genuinely empirical science. They explain that progress is being held back by an uncritical acceptance of folk wisdom regarding how experiments should be conducted, a failure to acknowledge that different objectives call for different approaches to experimental design, and a misplaced assumption that principles of good practice in theoretical modeling can be transferred directly to experimental design. Experimental Economics debates how such limitations might be overcome, and will interest practicing experimental economists, nonexperimental economists wanting to interpret experimental research, and philosophers of science concerned with the status of knowledge claims in economics.

About the Author

Nicholas Bardsley is senior research fellow at the National Centre for Research Methods, University of Southampton. Robin Cubitt is professor of economics and decision research at the University of Nottingham. Graham Loomes is professor of economic behavior and decision theory at the University of East Anglia. Peter Moffatt is reader in econometrics at the University of East Anglia. Chris Starmer is professor of experimental economics at the University of Nottingham. Robert Sugden is professor of economics at the University of East Anglia.