Experiments and Behavioral Economics

Authored by: Robert J. Oxoby

Handbook of Contemporary Behavioral Economics

Print publication date:  July  2006
Online publication date:  January  2015

Print ISBN: 9780765613028
eBook ISBN: 9781315703879
Adobe ISBN: 9781317469162


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Experimental methods are now considered an important part of economic research. This should come as no surprise: for a field so closely aligned with psychology in its interest in individual behavior, experimental methods are a natural (and some would argue necessary) tool. Concurrently, the “second wave” of research in behavioral economics (Rabin 1998, 2002) has brought recognition to the value of incorporating psychological insights into economic theory. The implications of these insights are becoming increasingly important in enriching (and invigorating) economic theory and informing policy debates.

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