Abstract

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.