There are many similarities between experimental economics and psychological research, both substantive and methodological. However, there are important differences as well. This article discusses five methodological areas where experimental economists and experimental psychologists differ: incentives, context, subject pools, deception, experimental details and data analysis. Within each topic ...

Our paper “Experimental Economics: Where Next?” contains a case study of Ernst Fehr and Klaus Schmidt’s work in which it is shown that the claims they make for the theory of inequity aversion are not supported by their data. The current issue of JEBO contains two replies, one from Fehr and Schmidt themselves, and the other from Catherine Eckel and Herb Gintis. Neither reply challenges any claim...

1 Abstract This study reports of an experimental economics analysis of the new proposed SwedishNorwegian tradable green certificate market (TGC). The green certificate market is a financial instrument to stimulate renewables within the context of liberalized, transnational electricity markets (a kind of market-oriented subsidy scheme). Green certificates are financial assets issued to green pro...

This paper offers a step towards research infrastructure, which makes data from experimental economics efficiently usable for analysis of web data. We believe that regularities of human behavior found in experimental data also emerge in real world web data. A format for data from experiments is suggested, which enables its publication as open data. Once standardized datasets of experiments are ...

Do we want experimental economics to evolve into a genuine science? This paper uses the literature on inequity aversion as a case study in warning that we are at risk of losing the respect of other scientific disciplines if we continue to accept the wide claims about human behavior that are currently being advanced without examining either the data from which the claims are supposedly derived o...

G theory had its beginnings in economics as a separate topic of analysis, practiced by a cadre of specialists. It has since become commonplace. Every economist is acquainted with the basic ideas, often without notice, and there is free movement between the use of game theory and other techniques. This incorporation as a standard economic tool has helped shape the nature of game theory itself—th...

If you are frustrated with how little students seem to retain from your standard lecture classes, you may wish to mix some classroom experiments into the schedule. Although the idea of using experiments in class has been around since the time of Chamberlin [1948], most applications are the product of recent research in experimental economics. This research is not intended to facilitate teaching...

For the last few years, economic literature has shown a new stream of analysis, at the crossroads of the heterodox tradition and cognitive sciences. A new approach is born, called Cognitive Economics, since attention is focused on the study of individual and organizational learning, seen as a key factor in shaping social phenomena (Rizzello, 2000). This new stream of analysis aims at refounding...