Blaming the Messenger: Notes on the Current State of Experimental Economics
نویسندگان
چکیده
Ken Binmore and Avner Shaked are highly respected economists, well-known for their analytical contributions and breadth of knowledge. Moreover, they have actively participated in experimental economics for many years. However, their critique of the current state of experimental economics in general, and of Ernst Fehr and Klaus Schmidt’s presentation of their theory of inequality aversion in particular, are deeply flawed. Moreover, their conception of the relationship between theory and experiment and their interpretation of the empirical evidence on otherregarding preferences are untenable. Binmore and Shaked set the problem as follows:
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